President Madoff

Robert Samuelson on Obama's "Zen-like capacity" to avoid criticism for what might be the most irresponsible budget in American history.

Money Q:

The Obama budgets flirt with deferred distress, though we can't know what form it might take or when it might occur. Present gain comes with the risk of future pain. As the present economic crisis shows, imprudent policies ultimately backfire, even if the reversal's timing and nature are unpredictable.

It's a Ponzi scheme. Bernie Madoff didn't know when his was going to collapse but it did. This one will too.