And you can’t get much further West, from a US standpoint, than the failed budgetary monstrosity that is California. Many have already pointed out the folly of Obama basing his energy policy on California. Now one can only hope that the bloody budget crisis currently unfolding in that state can derail the Obama “grand monument to my ego” in the form of health care reform before it has a chance to be passed into economy and patient killing law.
The California morass has Democrats in Washington trembling. The reason is simple. If Obama’s health-care plan passes, then we may well end up paying for it with federal slips of paper worth less than California’s. Obama has bet everything on passing health care this year. The publicity surrounding the California debt fiasco almost assures his resounding defeat.
Of course, the spectre of defeat will not prevent this tragic theatre from going forward – we can just hope that the outcry over the fiscal irresponsibility is enough to stop it from being rammed down our throats. In the past, however, Obama has shown that it has to be a very loud outcry indeed to get his attention – just ask the Iranian election protesters.
The federal picture is so bleak because the Obama administration is the most fiscally irresponsible in the history of the U.S. I would imagine that he would be the intergalactic champion as well, if we could gather the data on deficits on other worlds. Obama has taken George W. Bush’s inattention to deficits and elevated it to an art form.
The Obama administration has no shame, and is willing to abandon reason altogether to achieve its short-term political goals. Ronald Reagan ran up big deficits in part because he believed that his tax cuts would produce economic growth, and ultimately pay for themselves. He may well have been excessively optimistic about the merits of tax cuts, but at least he had a story.
Obama has no story. Nobody believes that his unprecedented expansion of the welfare state will lead to enough economic growth. Nobody believes that it will pay for itself. Everyone understands that higher spending today begets higher spending tomorrow. That means that his economic strategy simply doesn’t add up.
But that’s the point, isn’t it? Obama and the Democrats don’t care how much their programs cost – don’t care how much it will end up costing each and every American for years to come. All they care about is advancing their ideology that if they promise enough people enough things, they will stay in power. The cynicism and hypocrisy go beyond shameless – they are dangerous. Dangerous to you and I as individuals, and dangerous to the USA’s fiscal health. Someday, somewhere, sometime – all of these programs have to get paid for. Any guesses on where the money is going to come from?
As I mentioned in my bio – I am an an Expat living in Canada. Right now I’m just going to sit pat and wait for my Canadian money to be worth a lot more than the USD – then I’m heading south and loading up on cigars and electronics. And booze.