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Saturday, April 23, 2011

Steyn: Road To Ruin Getting Shorter

(image courtesy of Alvie)

From Mark Steyn's latest:

***
...The president's plan is to balance the budget by climbing into his Little Orphan Obammie costume and singing: "The sun'll come out tomorrow/Bet your bottom dollar that tomorrow there'll be sun."

We've already bet our bottom dollar and it's looking like total eclipse.

But Obammie figures if we can only bet Daddy Warbucks' bottom dollar the sun will shine.

The "rich" don't have enough money to plug the gap: As a general principle, whatever the tax rates, the Treasury can never take in more than about 19 percent of GDP. Since Obama took office, the government's spent on average 24.4 percent of GDP.

That five-point gap cannot be closed, and it's the difference between the possibility of a future and the certainty of utter ruin. Hence, outlook "negative"...
***


Read the rest.

And remember the concept of "crush depth":

You only know it once you've passed it.

For a few fractions of a second, that is.

2 Comments:

Blogger Reg T said...

It seems that most people still don't understand that Obama will not stop spending. His plan, his philosophy, is the destruction of the American economy so that the citizens of this country will accept socialism as their "savior", when they are able to obtain nothing that the government does not provide for them.

There is no way he will compromise on this. To do so would be to abandon his plan, his grand design. The only way to stop this is to refuse to compromise, to lower the debt ceiling, and to drastically _reduce_ spending, not merely stop it. To do otherwise is to be complicit in the destruction we are facing.

The Republicans - including most of the new freshmen - are spineless. Accept that, and finish your preparations for what is to come.

April 23, 2011 at 6:00 PM  
Anonymous Anonymous said...

That Steyn piece is spot-on, as usual, but with one error.

In it, he implies that the welfare state replacing the family was an unforeseen result by the left. I disagree, it was foreseen and encouraged.

Think about it. Even the Tea Party has to tread lightly on the welfare state issues. Not even they can imagine "going back" to a pre-welfare state lifestyle.

Behind the closed doors, and though they will never admit it, the left is laughing their asses off over just how deep their tendrils run.

April 23, 2011 at 10:24 PM  

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