My comrade Jonah Goldberg compares America’s present situation to that of a plane with one engine out belching smoke. But, if anything, he understates the crisis. Air America doesn’t need a busted engine, because it’s pre-programmed to crash. Our biggest problem is Medicare and other “entitlements”: They’re the automatic pilot of Big Government. Whoever’s in the captain’s seat makes no difference: The flight is pre-programmed to hit the iceberg, if you’ll forgive me switching mass-transit metaphors in mid-stream.

For some reason, Obama, Reid, Pelosi, Harkin, & Co. don’t seem to mind this. If you recall the smile on the face of Airplane!’s “automatic pilot” as he’s being inflated, that’s pretty much the Democrats’ attitude to binge spending as a permanent fact of life…

I said the Democrats’ plan is to “end America as we know it,” but even that has been outsourced to others. The choice is between letting Paul Ryan end Medicare as we know it, or letting our foreign lenders determine the moment to end America as we know it. I would not presume to know Chinese or Russian or Saudi or even European inclinations in this respect, although certain shifts in the ratio between short-term and long-term debt holdings suggest foreign governments give more thought to the implications of U.S. government spending than the U.S. government does. But I do know their interests are not ours, and that there will come a day when Beijing and others, in the words of King Barack to his lowly subject, “may want to think about a trade-in.”