The strangest thing about Obama’s gargantuan, trillion-dollar-plus new health-care entitlement is the timing.
Not only are we running $1.7 trillion annual deficits and scheduled to nearly double the $11 trillion debt in only eight years – and watching the logical end to an entitlement state in Greece’s implosion – but we are witnessing the meltdown of almost every government-run program imaginable: Medicare is broke; the Postal Service is insolvent and cutting back Saturday service (but probably not a commensurate one-sixth of their budget); and now Social Security spends more than it takes in.
So is this frenzied effort to expand government, widen entitlements, raise taxes, and borrow more money some sort of nihilistic urge to achieve a universal, cradle-to-grave, redistributionist entitlement state at about the same time the entire system goes bankrupt?
Constant campaigning, photo-ops, fluff interviews, adulatory essays in the corrupt media — all this can give a one or two point plus in the polls. But the reasons the bumps are transitory and followed by net losses after a week or two is that the public now realizes we are broke. When Obama announces yet another give-away or entitlement, the public equates that with spending more money we have just borrowed, and suspects that this can no more go on than can the spree of the giddy shopper who maxes out a dozen credit cards, oozing wealth and confidence, before the tab comes in and financial destruction follows.