Democracy: The God That Failed

How many times in the last decade have the political leaders of either party stood up and declared, “No, we cannot afford this.”

Consider. Friday, the White House conceded that the deficits over the next 10 years will total $2 trillion more than they had reported just months ago. Instead of $7.1 trillion, we will run $9 trillion in deficits.

Meanwhile, the White House demands a new entitlement—health care coverage for 47 million uninsured who can’t afford it or refuse to buy it—that will cost at least $1 trillion over 10 years. Can we afford this—now?

“We can’t afford not to,” comes the retort. This is “a core ethical and moral obligation,” says Barack Obama.

But is it not a core ethical and moral obligation not to debauch the currency in which most of the hard-earned wealth of the American people is invested?

Politicians are too indebted to special interests to cut spending. Pat Buchanan adds up the numbers and they are frightening.