By MARK STEYN
Ring out the new, ring in the old. No, hang on,
that should be the other way around, shouldn't it?
Not as far as 2011 was concerned. The year
began with a tea-powered Republican caucus taking control of the House of
Representatives and pledging to rein in spendaholic government. It ended with
President Obama making a pro forma request for a mere $1.2 trillion increase in
the debt ceiling. This will raise government debt to $16.4 trillion — a new
world record! If only until he demands the next debt-ceiling increase in three
months' time.
At the end of 2011, America, like much of the
rest of the western world, has dug deeper into a cocoon of denial. Tens of
millions of Americans remain unaware that this nation is broke — broker than
any nation has ever been.
A few days before Christmas, we sailed across
the psychological Rubicon and joined the club of nations whose government debt
now exceeds their total GDP. It barely raised a murmur — and those who took the
trouble to address the issue noted complacently that our 100% debt-to-GDP ratio
is a mere two-thirds of Greece's.
That's true, but at a certain point per capita
comparisons are less relevant than the sheer hard dollar sums: Greece owes a
few rinky-dink billions; America owes more money than anyone has ever owed
anybody ever.
Public debt has increased by 67% over the last
three years, and too many Americans refuse even to see it as a problem. For
most of us, "$16.4 trillion" has no real meaning, any more than
"$17.9 trillion" or "$28.3 trillion" or "$147.8
bazillion." It doesn't even have much meaning for the guys spending the
dough.
Look into the eyes of Barack Obama or Harry
Reid or Barney Frank, and you realize that, even as they're borrowing all this
money, they have no serious intention of paying any of it back. That's to say,
there is no politically plausible scenario under which the $16.4 trillion is
reduced to $13.7 trillion, and then $7.9 trillion, and eventually 173 dollars
and 48 cents.
At the deepest levels within our governing
structures, we are committed to living beyond our means on a scale no civilization
has ever done. Our most enlightened citizens think it's rather vulgar and
boorish to obsess about debt. The urbane, educated, Western progressive would
rather "save the planet," a cause which offers the grandiose
narcissism that, say, reforming Medicare lacks.
So, for example, a pipeline delivering Canadian
energy from Alberta to Texas is blocked by the president on no grounds
whatsoever except that the very thought of it is an aesthetic affront to the
moneyed Sierra Club types who infest his fundraisers.
The offending energy, of course, does not
simply get mothballed in the Canadian attic: The Dominion's prime minister has
already pointed out that Canada will sell it to the Chinese, whose politburo
lacks our exquisitely refined revulsion at economic dynamism, and indeed seems
increasingly amused by it. Pace the ecopalyptics, the planet will be just fine:
Would it kill you to try saving your country, or state, or municipality?
Last January, the BBC's Brian Milligan
inaugurated the New Year by driving an electric Mini from London to Edinburgh,
taking advantage of the many government-subsidized charge posts en route. It
took him four days, which works out to an average speed of 6 mph — or longer
than it would have taken on a stagecoach in the mid-19th century. This was
hailed as a great triumph by the environmentalists. I mean, c'mon, what's the
hurry?
What indeed? In September, the 10th anniversary
of a murderous strike at the heart of America's most glittering city was
commemorated at a building site: The Empire State Building was finished in 18
months during the Depression, but in the 21st century the global superpower
cannot put up two replacement skyscrapers within a decade.
The 9/11 memorial museum was supposed to open
on the 11th anniversary, this coming September. On Thursday, Mayor Michael
Bloomberg announced there is "no chance of it being open on time." No
big deal. What's one more endlessly delayed, inefficient, over-bureaucratized
construction project in a sclerotic republic?
Barely had the 9/11 observances ended than
America's gilded if somewhat long-in-the-tooth youth took to the streets of
Lower Manhattan to launch "Occupy Wall Street." The young certainly
should be mad about something. After all, it's their future that got looted to
bribe the present.
As things stand, they'll end their days in an
impoverished, violent, disease-ridden swamp of dysfunction that would be all
but unrecognizable to Americans of the mid-20th century — and, if that's not
reason to take to the streets, what is?
Alas, our somnolent youth are also laboring
under the misapprehension that advanced Western societies still have somebody
to stick it to. The total combined wealth of the Forbes 400 richest Americans
is $1.5 trillion. So, if you confiscated the lot, it would barely cover one
Obama debt-ceiling increase.
Nevertheless, America's student princes' main
demand was that someone else should pick up the six-figure tab for their
leisurely half-decade varsity of social justice studies. Lest sticking it to
the Man by demanding the Man write them a large check sound insufficiently
idealistic, they also wanted a trillion dollars for "ecological
restoration."
Hey, why not? What difference is another lousy
trill gonna make?
Underneath the patchouli and pneumatic
drumming, the starry-eyed young share the same cobwebbed parochial assumptions
of permanence as their grandparents: We're gayer, greener and groovier, but
other than that it's still 1950 and we've got more money than anybody else on
the planet, so why get hung up about a few trillion here and a few trillion
there?
In a mere half-century, the richest nation on
earth became the brokest nation in history, but the attitudes and assumptions
of half the population and 90% of the ruling class remain unchanged.
Auld acquaintance can be forgot, for a while.
But eventually even the most complacent and myopic societies get re-acquainted
with reality. For anyone who cares about the future of America and the broader
West, the most important task in 2012 is to puncture the cocoon of denial.
Instead, the governing class obsesses on
trivia. Just to pluck at random from recent Californian legislative proposals,
a ban on non-fitted sheets in motels, mandatory gay history for first graders,
car seats for children up to the age of 8. Why not up to the age of 38? Just to
be on the safe side. And all this in an ever more insolvent jurisdiction that
every year drives ever more of its productive class to flee its borders.
Tens of millions of Americans have yet to
understand that they can no longer be kicked down the road, because we're all
out of road. The pavement ends, and there's just a long drop into the abyss.
And, even in a state-compliant car seat, you'll land with a bump.
At this stage in a critical election cycle, we
ought to be arguing about how many government departments to close, how many
government programs to end, how many millions of government regulations to do
away with. Instead, one party remains committed to encrusting even more
barnacles to America's rusting hulk, while the other is far too wary of
harshing the electorate's mellow.
The sooner we recognize the 20th century
entitlement state is over, the sooner we can ring in something new. The longer
we delay ringing out the old, the worse it will be. Happy New Year?
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