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.