Wednesday, June 02, 2010

The Road to Greece?

We are almost at the point where the rubber meets the road. One of the rules of life that everyone should memorize is: Actions have Consequences. President Obama, Speaker Pelosi, and Senate Majority Leader Reid pushed and fought and arm twisted to pass Obamacare. As our economy has continued to suffer, and as jobs have disappeared, the Democrats in Washington have continued to spend money as if the Washington Monument was loaded with cash.

Whether you agree with these policies or not, the policies of the Democrat controlled congress has come with a price tag. The Tea Parties have argued that President Obama and Congress are taxing our children and our grandchildren. We have word now that the reality may be worse: our children and grandchildren may not have the jobs to get taxed. Dick Morris writing yesterday says:

Meanwhile, the nation watches nervously as the same policies Obama has brought to our nation are failing badly and publicly in Europe. When Moody’s announces that it is considering downgrading bonds issued by the government of the United States of America, we find ourselves, suddenly, in deep trouble. We have had deficits before. But never have they so freaked investors that a ratings agency considered lowering its opinion of our solvency. Not since Alexander Hamilton assumed the states’ Revolutionary War debt has America’s willingness and ability to meet its financial obligations been as seriously questioned.

And the truth begins to dawn on all of us: Obama has no more idea how to work his way out of the economic mess into which his policies have plunged us than he does about how to clean up the oil spill that is destroying our southern coastline.

If our bonds are being downgraded, then we can see the road to Greece from here. A combination of lowered credit, mounting debt in the form of Social Security and Medicare, with a good, strong helping of national health care puts us on a path towards Greece. As we rush to implement national health care, Canada is looking for a way out of it. Canada has discovered what the Tea Parties have said for months now: Free health care is very expensive. We have two choices. We can continue down this road. We may even have some good times, but at some point, we will have to pay the bill for this. When that happens, we will be in the same place Greece is today.

Or we can get off this road. We can realize that a national health care system will cost money. We can stop trying to cut our own throats and start using all the energy at our fingertips: oil, coal, natural gas, nuclear, wind, solar, geothermal. You name it, we use it. At some point we have to make a decision: Will we continue to be the world's Superpower, or will we follow Greece?

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