Debt

Pat Buchanan represents the old "America First" political faction that favors America's retreat from globalism to the concept of "Fortress America".  Most thinking Americans today no longer believe it's possible for the US to withdraw from the world scene and thus Buchanan's philosophical and political coin has been devalued somewhat over the years.  Notwithstanding all this, Buchanan has produced a commentary here that definitely strikes home.  His central point: we are heading for default on our government debt and the ruination of our form of government unless we can reign in spending and begin to act responsibly as a democratic republic.  His analysis goes on to persuasively argue that this outcome is nearly impossible under a democrat administration and that we can only expect a continued pile up of debt for the next three years at least.  A very interesting read.