Massive financial and economic crisis. Government steps in and bails out a number of large corporations. Under the gun, the state moves to inject a huge monetary stimulus into the economy. Government is spending like drunken medicinal marijuana smoking Dippers. Birth rates are dangerously low. Populations are aging at a rapid pace as the average age increases and increases. Soaring health care costs continue to hammer government coffers.
You know what sounds like a great idea? Let's raise taxes and expand our already generous unsustainable health care system. Who cares about the long term anyways - hell we're all dead in the long term! Burn baby burn!...
That's exactly what Lord Iggy wants to do.
I don't know what math they teach you down in Harvard, but the Puffster's arithmetic needs a double check.