President’s policies put US on path toward becoming Greek tragedy 

Greece is a little country that did a terribly big, bad thing. It ran up a debt so irresponsibly impossible that it’s not just Greece that’s in danger, but financial markets around the globe and a huge chunk of Europe that uses the euro as its currency.

Imagine, then, what it’s going to be like when a great, huge country — the United States of America — does pretty much the same bad thing. We’ll be upside down, the rest of the world will be upside down, and you better not listen to Christina Romer, chair of President Barack Obama’s Council of Economic Advisers, who says her boss has a plan.

He has a plan, all right. Obama has just given us a break-all-records budget of $3.83 trillion and the probability of $8.5 trillion in deficits during the next 10 years.

When he isn’t blaming President George W. Bush — who did hundreds of billions less to increase the budget in eight years than Obama has accomplished in one — he’s telling us about a freeze of a tiny portion of the budget that’s already bloated, or a debt commission no one expects will accomplish anything, or the new Pay-Go law requiring Congress to raise taxes or cut other spending to pay for any additional expenditures.

Well, almost any additional expenditures. Pay-Go does not apply to Social Security or Medicare, and as we are reminded by a recent Associated Press story, those two programs alone will consume 80 percent of all revenue by 2020 if nothing is done to restructure them.

Did Obama spend years and years in Greece, polishing his welfare-state, semi-socialist, fool-the-people, ignore-reality means of reducing America to a shadow of its once free, vibrant, energetic self?

No. My suspicion is he gleaned his nonsensical political ideas from elite academia.

Greece should be a lesson for us. Will it be? I have my doubts. This administration talks a good game, but gives us fiscal policies that aim to hold spending down but do nothing effective to get us there.

Put these policies together and we are in deep trouble unless the Tea Party independents, the Republicans, the moderate Democrats and the best of the intellectuals can jointly convince the nation to turn from madness and do what’s needed.

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Jay Ambrose

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