Standard & Poor’s lowered its outlook for the United States from “stable” to “negative,” and said there is a one in three chance it will downgrade the U.S.’s triple-A credit rating in the next couple of years. We’ve enjoyed that credit rating since 1917. Barack Obama can cook up entitlement schemes as much as he likes, but if America loses its ability to borrow money on favorable terms there will be no safety net big enough to catch us all.
And what is the president’s message at this defining crisis moment? The New York Times reports, “Mr. Obama implored the crowd [in a speech today] not to lose heart, declaring that the vision of America he laid out in his fiscal speech — one in which ‘we are connected to one another; that I am my brother’s keeper, I am my sister’s keeper’— would animate his campaign and drive the debate in the 2012 election.”
Socialism is the disease that is tearing our nation apart. Dr. Paul Ryan comes in and makes a well thought-out diagnosis, and offers a course of treatment that will lead us to a cure. However, our physician-in-chief is one Dr. Barack Hussein Obama, and he has a different vision: That the body politic is suffering from a case of insufficient socialism, and that only by adding more and more of the same can we cure the ills created by it in the first place.
Alas, our doctor is a quack, but there is no substitute available until 2012. The best we can do is nod politely at his insane ramblings, and check in with Dr. Ryan for some unofficial advice as often as we can...