By Tony Blankley
If the federal government really went after all those billionaires the Democrats snarl about and confiscated all the property of the country’s 400 billionaires (down to their last set of cuff links and children’s baseball mitts) it would yield only $1.3 trillion — about five months of federal spending.
This pantomime deficit-reduction process is evidence that those in charge have lost their mental grip on the true dimensions of the fiscal crisis. Once they have lost their mental grip, their economic grip — and then their political grip — also will soon slip away, followed, perhaps, by a restoration of liberty.
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