Democratic Bankruptcy

For the second time in the last six years, the Minnesota state government has had to shut down, due to a budget crisis. The crucial issue seems to be that the governor, a self-styled Democrat, wants to tax the 2% of its citizens in the top bracket, and the Republicans, true to form, refuse to allow him. Thus the impasse that closes the government's doors.

Partisan politics aside, this shows how fragile the U.S. economy has become. Cities and counties go broke, state governments shut down; even the Federal government has either shut down or being on the verge of doing so on more than one occasion. All this in the land of plenty, capitalism capital of the world, where the market rules and corrects itself, should there be any problem.

And yet, it looks more and more like a Third-World country...

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