Now tyranny’s called a ‘tax’

America's welfare state is growing as fast as its police state, says Bill Bonner.

"The US seems to have gotten the worst of it," said a French friend this morning. We were taken aback. Everyone knows Europe is in a state of permanent crisis. The US seems solid by comparison, no?

"Now that the Supreme Court has approved Obamacare, you have the same problems we have in Europe, social welfare spending with no limits, plus you have your colossal military spending. You have both bread and circuses,' just like the ancient Romans. You are doomed."

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