Something big is coming to a head and there’s nothing to stop it.  Over the last half century – or longer – more and more intelligent and able people have become encumbered by government programs of compulsory philanthropy.  In some cases, several generations of families have been wholly dependent upon the state for their daily bread, roof over their heads, and shoes upon their feet.

But, alas, everyone cannot live off the expense of their neighbors indefinitely.  Moreover, as the debt supercycle peaks, complex social arrangements directed by the heavy hand of the state are imploding for everyone to witness.  In fact, last weekend brought forth more evidence that planned economies are coming undone.

In California, for example, retread Governor Jerry “Moonbeam” Brown revealed some remarkable insights on Saturday.  Namely, that the Golden State doesn’t have a $9.2 billion dollar budget deficit as previously thought.  No doubt, that would’ve been problematic.  But not as problematic as a $16 billion dollar budget deficit.  Somehow, since January, the funding gap has widened by $6.8 billion dollars – a 73 percent increase – without notice. Continue reading →