Media sages insist the GOP must learn to love tax increases and the job of being the tax collectors for the welfare state. They must become pro-choice and “get over this obsession with life,” as one so-called conservative put it. The religious beliefs of Evangelicals, Catholics and others must be tossed overboard if the party wants to attract those single women who are married to the Democratic Party for birth control and abortion.
Had he won their 64 electoral votes, we’d be hailing him as brilliant, and dissecting the downfall of Barack Obama. But, in politics and football, winning is everything, so the demolition derby of the GOP is inevitable.
But the expiration date has arrived, so let’s move on to an alternative question: How long can the business model of the Democratic Party last?
The short answer is, not very. Dems are doomed by their success at creating ever bigger government with ever more handouts and entitlements. All the giving can’t go on and the Obama binge has created a crisis.
Deficits exceeded $1 trillion in each year of his first term, and his combined debt is a staggering $5 trillion. It brings the nation’s total to $16 trillion, and the possibility of default already has caused one rating downgrade.
And there is no end to the spending spree. Obama’s last budget, although chock full of rosy scenarios, still projected the debt would grow by $6.7 trillion over 10 years.
Thus, if all goes as planned, he will leave office with a national debt of $20 trillion, and a debt-to-GDP ratio far above 100 percent.
That’s Greece. It is an unsustainable governing model, so we should be asking not just about the demographic destiny of the GOP, but also how soon Dems will be condemned by the fiscal facts.
Clearly, they don’t want to face the numbers. The president has a fetish for hiking taxes on high earners, saying he didn’t care whether they would produce more revenue because “fairness” was more important.
He wasn’t kidding, as his continuing campaign proves. He declared Monday that Republicans would ruin Christmas for millions of families if they didn’t agree with his tax plan, proving again that re-election didn’t soften his “my way or the highway” attitude.
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