Obama and Congress: It is almost as if they had a death wish for the country

Tempting the tipping point: Can the U.S. escape a fiscal death spiral?

The only thing I can add, or ask, is if it's actually intentional. Manchurian Candidate Alert!

I hope we can recover in 2010 and 2012 respectively.

The Obama administration and the Congress are in a headlong rush to push the country over the fiscal tipping point. The fiscal tipping point is the point where the interest that premium bond buyers are demanding to compensate them for the risk of default and/or accelerating inflation causes the total interest cost to be so high that the government is borrowing just to pay the interest. This is equivalent to a family being so far in debt that it is borrowing just to pay the interest on its mortgage, credit cards, etc.

The proposed health care plan and the environmental cap-and-trade scheme will add trillions of dollars to the U.S. debt over the next few years and, in all likelihood, soon will drive the total debt burden to well over 100 percent of GDP. Even if the administration were to tax the "rich" at 100 percent of their incomes, there would still not be enough money to pay for all of these spending schemes.

The following should be known to most members of Congress. The size of the U.S. government is already well over the welfare and economic growth-maximizing rate. Taxes on upper-income Americans are well above the revenue-maximizing rate. Thus, for those in the political class to further increase the size of government and government debt as a percentage of GDP is grossly irresponsible. It is almost as if they had a death wish for the country.

I'm starting to believe it may be the Cloward-Piven strategy of manufacturing crises to overwhelm the government to bring about Socialist change in action.  When I first heard about this I laughed.  Now, it makes sense.  I am becoming a conspiratorial nutjob.  Save me!