When Illinois cannot pay its firemen, policemen and teachers — which is happening right now — it is because the Democrats refuse to cut state entitlement spending.

And because the Democrats keep trying to spend and borrow their way to producing jobs and saving their precious entitlement programs that are bankrupting the country.

But the Dems have gone farther than just not cutting entitlements — they have expanded them, a la ObamaCare.  A new $2.5 Trillion new entitlement which will add yet another fiscal millstone around our necks.

The Speaker’s comment that unemployment checks create jobs is the most distilled idiotic statement on the Democrat’s total lack of understanding of basic economics.

It is unnerving to the educated.

And once counties and or states default on their bonds, the same trouble that Fannie and Freddie got the entire planet in, will begin again.  This time it will be the insurance for state and county government bonds which cannot meet the call on the bonds to repay the investors.

There is not enough money, and The One cannot print enough money, to bail out the insurers who insured these soon to be bad state and county bonds.

The theory that bonds can be insured while the Democrats run county and state finances into the ground will be front and center in Illinois and in other states, at the county level.

So, the choices will be clear: cut Medicaid or police, fire and education.

But The One wants more bailouts and spending.  He is saying no — lets not cut anything, lets print more currency and borrow more money.  Let’s raise taxes so we can spend more.

The One is destroying the country, and is so shameless, he is beating his chest about controlling the debt and the deficit, all while he wants more spending and bailouts.

It is his delusional shamelessness which allows him to say, repeatedly, that his $2.5 trillion ObamaCare spending entitlement will save money.

Is it any wonder why the dollar will fall, and the country will fall even further than it already has fallen?