Tuesday evening the nation was treated to an unreality celebration. All the characters were present: the president, the Democrats and the GOP.
The first two had passed a trillion-dollar pork spending bill without one thought as to how the nation would pay for it. President Obama talks endlessly about what he is going to do, but never mentions how he expects to pay for his trillions and trillions of spending. We could double taxes, bring home all the troops and not come close to paying for all of this. We are looking at multi-trillion deficits for generations.
Meanwhile our bankers, the Chinese and the Arabs, have lowered substantially their dollar reserves. If they stop buying our public debt, we are going to be a banana republic.
While listening to President Obama talk about increasing the federal government’s involvement in “energy, health care and education,” I did a word search on the Constitution of the United States for those terms. It came as no surprise to me that nowhere in the Constitution and all of its amendments is the federal government empowered to deal with any of those areas.