The Entitlement-Bubble Recession

by Kevin D. Williamson

Captain Sunshine here with some more cheery news: We had a really bad recession—the Great Recession—when people figured out that their houses weren’t worth what they had thought they were worth. What do you think is going to happen when people figure out that the government’s Social Security and Medicare promises are not worth what we’ve been told they’re worth? Yeah: Yikes.