Like Greece, the U.S. has seen its debt eclipse its gross domestic product. Like Greece, the United States has seen its credit downgraded. Like Greece, the United States has seen its president vaguely talk budget cuts, but offer concrete tax hikes. And like Greece, the United States has de facto defaulted: the former by depending upon others to service its debts; the latter, by devaluing its money through currency creation to purchase its own debt. Earlier this week the Greek prime minister turned back from a planned trip to the United States. Read my piece @ FrontPageMag that asks: when will the United States turn back from its trip to Greece?

No amount of taxation can support the cradle to grave social programs and benefits that the government wants to maintain. Not even when borrowing and printing more money to support more massive government.

Since in control, O and his crew have spent a tad under $5 Trillion since 2007, and they just want to keep the good times rolling along. Meanwhile, with all of the talk of fiscal responsibility and paying down the $14 Trillion debt with one ineffective long term plan after another (while continuing to spend like a drunken Barack), it’s all but been forgotten that we had a summer of squabbling over raising the debt limit from $14.2 Trillion by another $2.4 Trillion. I think I said at the time that the O would work to eat that up as soon as possible and low and behold – The American Jobs act! Another redistribution scheme to fund cronies, unions and state government by proposing another $447 Billion in spending for Son of Stimulus along with a $1.5 Trillion tax hike. Shear insanity.

These are not serious people. Greek debt to GDP is at around 140%. We are at over 100% and some change. How long?