"Prime Minister, you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we're 'well-placed to weather the storm,' I have to tell you (that) you sound like a Brezhnev-era apparatchik giving the party line. You know and we know -- and you know that we know -- that it's nonsense!"
The British prime minister's "solutions" resemble those of President Barack Obama, the Democrats and some Republicans -- solving a spending and borrowing crisis by spending and borrowing. Yet Obama brazenly calls his budget "A New Era of Responsibility."
Obama believes that merely raising taxes on the so-called rich will be sufficient to fund all of his programs. He believes that the behavior of the so-called rich will be unaffected by the fact that they will keep a lot less than what they make. He believes that the same government of unfunded liabilities for Social Security and Medicare -- the same government that runs the now-broke post office and "managed" disaster relief after Katrina -- can "create" and "invest" in health care, "green" jobs and education. He does not pay the slightest attention to the founding principles of this country -- a limited government and a maximum of responsibility by its citizens.
On a recent cable newscast, a pundit actually said that "capitalism" no longer works. And he was a former top aide to then-Republican House Majority Leader Newt Gingrich! The future of this country, at least in my lifetime, has never seemed more frightening and uncertain.
While President Obama busies himself changing the very foundation that made America great, he might sign an executive order -- granting immediate citizenship to Daniel Hannan.
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