State governments are running huge deficits. The federal budget includes enormous spending increases and deficits of unprecedented size. Social Security and Medicare appear unsustainable as currently structured.Local school districts (at least where I live) face revenue caps that are forcing them to cut people and programs. Cities, towns and villages are seeing state-shared revenue payments cut and in turn have to reduce their budgets.Where does it end? And in the long run, what does it mean for our society? I know I’m going to hear from my penpals — the usual suspects who call me an idiot and worse —
