Mark Steyn disputes the president’s contention.
This is the United States of America,â€ declared President Obama to the burghers of Liberty, Mo., on Friday. â€œWeâ€™re not some banana republic.â€
He was talking about the Annual Raising of the Debt Ceiling, which glorious American tradition seems to come round earlier every year. â€œThis is not a deadbeat nation,â€ President Obama continued. â€œWe donâ€™t run out on our tab.â€ True. But we donâ€™t pay it off either. We just keep running it up, ever higher. And every time the bartender says, â€œMebbe youâ€™ve had enough, pal,â€ we protest, â€œJush another couple trillion for the road. Set â€™em up, Joe.â€ And he gives you that look that kinda says he wishes youâ€™d run out on your tab back when it was $23.68.
Still, Obama is right. Weâ€™re not a banana republic, if only because the debt of banana republics is denominated in a currency other than their own â€” i.e., the U.S. dollar. When youâ€™re the guys who print the global currency, you can run up debts undreamt of by your average generalissimo. As Obama explained in another of his recent speeches, â€œRaising the debt ceiling, which has been done over a hundred times, does not increase our debt.â€ I wonâ€™t even pretend to know what he and his speechwriters meant by that one, but the fact that raising the debt ceiling â€œhas been done over a hundred timesâ€ does suggest that spending more than it takes in is now a permanent feature of American government. And no one has plans to do anything about it. Which is certainly banana republic-esque.
Is all this spending necessary? Every day, the foot-of-page-37 news stories reveal government programs it would never occur to your dimestore caudillo to blow money on. On Thursday, it was the Food and Drug Administration blowing just shy of $200 grand to find out whether its Twitter and Facebook presence is â€œwell-received.â€ A fifth of a million dollars isnâ€™t even a rounding error in most departmental budgets, so nobody cares. But the FDA is one of those sclerotic American institutions that has near to entirely seized up. In October 1920, it occurred to an Ontario doctor called Frederick Banting that insulin might be isolated and purified and used to treat diabetes; by January 1923, Eli Lilly & Co were selling insulin to American pharmacies: A little over two years from concept to market. Now the FDA adds at least half-a-decade to the process, and your chances of making it through are far slimmer: As recently as the late Nineties, they were approving 157 new drugs per half-decade. Today itâ€™s less than half that.
But theyâ€™ve got $182,000 to splash around on finding out whether people really like them on Facebook, or theyâ€™re just saying that. So theyâ€™ve given the dough to a company run by Dan Beckmann, a former â€œnew media aideâ€ to President Obama. That has the whiff of the banana republic about it, too.
The National Parks Service, which I had carelessly assumed was the service responsible for running national parks, has been making videos on Muslim womenâ€™s rights: â€œIslam gave women a whole bunch of rights that Western women acquired later in the 19th and 20th centuries, and weâ€™ve had these rights since the seventh century,â€ explains a lady from AnNur Islamic School in Schenectady at the National Park Service website, nps.gov. Fascinating stuff, no doubt. But whatâ€™s it to do with national parks? Maybe the rangers could pay Dan Beckmann a quarter-million bucks to look into whether the National Parksâ€™ Islamic outreach is using social media as effectively as it might.
Where do you go to get a piece of this action? As the old saying goes, bank robbers rob banks because thatâ€™s where the money is. But the smart guys rob taxpayers because thatâ€™s where the big money is. According to the Census Bureauâ€™s latest â€œAmerican Community Survey,â€ between 2000 and 2012 the nationâ€™s median household income dropped 6.6 percent. Yet in the District of Columbia median household income rose 23.3 percent.