It is a Must read.
He critiques the following:
Our entitlement programs are set to bankrupt the country, the health-care system is an expensive time bomb, our savings rate is zero, we are borrowing 80 percent of the world's savings and our national bill for litigation is now larger than for research and development. None of these problems is a deep-seated cultural mark of decay. They are products of government policy. Different policies could easily correct them. But taking such steps means doing something that is hard and unpopular.
Sounds like a pretty holistic and bi-partisan view, but one that encourages change. I wonder what changes we can make while still keeping the flexibility that makes the American economy and culture so dominant. Where do you, gentle reader, think we should start?