The state of our union: Broke

The so-called “Buffett Rule” is indicative not so much of “common sense” as of the ever widening gap between the Brobdingnagian problem and the Lilliputian solutions proposed by our leaders. Obama can sacrifice the virgin daughters of every American millionaire on the altar of government spending and the debt gods will barely notice so much as to give a perfunctory belch of acknowledgement. The president’s first term has added $5 trillion to the debt — a degree of catastrophe unique to us. In an Obama budget, the entire cost of the Greek government would barely rate a line-item. Debt-to-GDP and other comparative measures are less relevant than the hard-dollar numbers: It’s not just that American government has outspent America’s ability to fund it, but that it’s outspending the planet’s…

Maybe Newt’s on to something. Except for the statehood part. One day, when America gets the old foreclosure notice in the mail, wouldn’t it be nice to close up the entire joint, put the keys in an envelope, slide it under the door of the First National Bank of Shanghai, and jet off on Newt’s Starship Government-Sponsored Enterprise?

There are times for dreaming big dreams, and there are times to wake up. This country will not be going to the moon, any more than the British or French do. Because, in decline, the horizons shrivel. The only thing that’s going to be on the moon is the debt ceiling. Before we can make any more giant leaps for mankind, we have to make one small, dull, prosaic, earthbound step here at home — and stop. Stop the massive expansion of micro-regulatory government, and then reverse it. Obama has vowed to press on. If Romney and Gingrich can’t get serious about it, he’ll get his way.