The State of Our Union Is Broke

But why stop there? Americans need affordable health care and affordable master’s degrees in Climate Change and Social Justice Studies, so why not take everything that Warren Buffett’s got? After all, if you confiscated the total wealth of the Forbes 400 richest Americans it would come to $1.5 trillion.

Which is just a wee bit less than the federal shortfall in just one year of Obama-sized budgets. 2011 deficit: $1.56 trillion. But maybe for 2012 a whole new Forbes 400 of Saudi princes and Russian oligarchs will emigrate to the Hamptons and Malibu and keep the whole class-warfare thing going for a couple more years.

[…] 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.

via The State of Our Union Is Broke – Mark Steyn – National Review Online.

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