[Hoot Gibson]

Margaret Thatcher once said, "The problem with socialism is that you eventually run out of other people's money. "

I would add that when socialists run out of money, they borrow until their creditors finally cancel their accounts. That has already happened in parts of Europe and the American "ruling class" has learned no lessons from the self-inflicted misery of the Greeks, Icelanders, and Portuguese - who had learned no lessons from the failed socialist states that fell before them.

It seems that human beings are condemned to repeat the mistakes of their ancestors and neighbors, as their descendants will be doomed to repeat the mistakes that we are witnessing today.

If I seem pessimistic about the future of this nation, it is only because I am.