Monday, August 8, 2011

The Obama/Democrat Spending Binge Comes Home to Roost

Markets are in turmoil in response to Standard & Poor's slight downgrading of American debt.  For over two years now the Democrat Party has gone on a national spending binge, with borrowed money, unprecedented in peacetime American history, most notably in the gargantuan special "stimulus", the bloated annual spending plans, and Obamacare.  Republicans, after going along, begrudgingly and with occasional moderate resistance, with Democrat spending for a generation, finally said enough, voted in vain almost to a person against this Democrat spending, and have refused to agree to raising taxes to feed the bloated government beast.  In response, elected Democrats, Senators representing all the citizens of their states, are throwing a tantrum -- calling those who disagree with them names like "terrorists" (link), and trying to silence them (link).  Typical fascist tactics from not very nice people.

Kurt Schlichter (link):  "The liberal dream of a perpetual social welfare state... is dying. There’s no doubt about that; the only question left is how long and hard the process will be as the hideous leviathan the utopian liberal establishment has created convulses and dies. It’s going to die hard. And ugly."

To paraphrase Margaret Thatcher, American liberalism has just run out of other people's money.

John M Greco