Debt and the lure of power induce dementia. The positions of the presidential candidates, Snow Black and the 17 Dwarfs, are so removed from reality that they can only be attributed to those hallucinogens. As the world confronts the gathering force of the bust from history’s most gargantuan and longest running debt bubble, the candidates propose more costly foreign intervention; new domestic programs, spending, and regulation; reforms to burgeoning, out-of-control entitlements carefully designed not to offend their beneficiaries...or reduce entitlements; and budgets that balance at some point in the distant future.

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