At a campaign stop yesterday in Iowa, Mitt Romney tossed out a laugh line that seemed to neatly sum up the core of conservative fears about our future as a country. "Entrepreneurs and business people around the world and here at home think that at some point America is going to become like Greece or like Spain or Italy," he said, before adding, "or like California -- just kidding about that one, in some ways."
Every good joke is supposed to have a little kernel of truth to it. And we all know that, in their most feverish nightmares, conservatives imagine the U.S. transforming into a giant version of the Golden State, with its big spending government, constant budget battles, aggressive regulators, and powerful unions.
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