First Principles

As a former sailor, I have to appreciate this line from Instapundit:

Drunken sailors generally spend cash that they’ve already earned themselves, rather than running up debt to be paid by others. If our politicians started spending like drunken sailors, it would in fact represent a dramatic improvement.

I can only imagine the damage we could have wrought around the globe if we had millions of other people’s dollars to spend, and a $1.85 Trillion credit limit!