I refer, of course, to the debts our nation has amassed for itself over decades of indulgence. It is the new Red Menace, this time consisting of ink. We can debate its origins endlessly and search for villains on ideological grounds, but the reality is pure arithmetic.
Keynote Speech to the Conservative Political Action Committee, delivered 11 February 2011, Ronald Reagan Centennial Dinner, Washington, D.C.
