The End (of the Free Ride) Is Near

The fiscal crises facing governments at both the federal and state level offers an opportunity to throw off many unsustainable government institutions like massive transfer programs and unsustainable state pensions. Kevin D. Williamson makes his case in The End Is Near and It’s Going to Be Awesome: How Going Broke Will Leave America Richer, Happier and More Secure.

It’s possible that Mr. Williamson and I agree on what’s to come after governments go broke, start breaking contracts (like in Rhode Island) and otherwise throw up their hands and admit that the party’s over. Perhaps I’m just more ill-at-ease over the thought that these agreements with public sector workers and retirees were so ill-conceived and stupid that promises will soon have to be broken.