There was much laughter following the president’s signing of the health care bill. Democrats were positively giddy over having successfully secured America’s decline. There were fist bumps and back slapping; the champagne flowed.
Democrats were not alone in their celebration. Republicans too shook hands with constituents and lapped up attention and praise for, let’s face it, having done very little. But, hey, why let that spoil a good time? My fear is that not only will Republicans not “repeal the bill” should they take control of Congress after the mid-term elections, but that in the very near future Republican candidates will also be running on promises to nurture it. Such is my confidence in the current GOP.
Inasmuch as we are toasting the expansion of the administrative state (and thus the demise of our American Republic) we should perhaps also raise our glasses to Portugal, Italy, Ireland, Greece and Spain. All these nations are on the verge of economic collapse due to their fiscal promiscuity. They too love their entitlements and are demanding them even as the ship of state sinks. Portugal is currently running a deficit that is 9.3% of GDP with a debt that is 80% of their GDP. Greece has a deficit of 13% and a debt of 113% of GDP. Just for laughs, consider that they are appealing to the United States for financial aid. The U.S. currently carries a deficit that is over 12% and debt that is 94% of GDP.
Closer to home we should also raise our flutes in celebration of, or perhaps in memory of, an American icon: the United States Postal Service.
At the same time President Obama was putting his signature on Obamacare, the Postal Service Board of Governors announced its decision to drop Saturday delivery, close some post offices and increase rates for service. Before instituting the changes, the Postal service must first get an official opinion from the postal regulatory commission followed by the approval of congress. Good luck.
This year, the postal service projects a deficit of $7 billion. Without changes that shortfall is expected to increase to $238 billion by 2020.