While the dollar hits a 15 month low, and gold hits an all time high, and the editorial page editor of the Washington Post (no less) is warning:

“The bill also could take America a step closer to bankruptcy. And for progressives in particular — for those who believe that government has a mission to help the poor and protect the vulnerable — that prospect should be alarming. If federal debt continues rising on its present path, hastened by a $1 trillion health-care bill, it is the poor and vulnerable who will be most harmed.”

This is also why some political risk analysts are connecting the dots between PelosiCare and the value of the dollar:

“If the Reserve Bank of India’s directors had any doubts about the wisdom of buying 200 tonnes of IMF gold — and likely dumping some U.S. Treasuries in the process — they had only to watch last weekend’s legislative activities on Capitol Hill. The proceedings provided plenty of reassurance that the move was a smart play.

“Nothing in the healthcare reform bill that passed the House of Representatives should give investors in dollar-denominated assets any confidence that U.S. policymakers are serious about tackling the government’s structural budget deficit.”

Amazing as it is that the Washington Post would be pointing out the obvious about the Democrats $1.2 Trillion health care spending plan, since liberal and progressive news writers have given aide, comfort and a criticism-free ride for those who are doing the spending.

It is apparent that there is no amount of money too high to spend for the House Democrats on health care reform. CBO confirms the amended House bill spends $3 Trillion.

But now Fred Hiatt has really stepped over the lines — he is “calling out” President Obama for his failure to cut keep his promise about the health bill spending and the deficit.

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Dana Milbank of the Washington Post is funny, in his rendition of Majority Leader Reid and his quest to put $250 billion in ObamaCare off-budget, adding it to the deficit. It really is worth the read, here are his first paragraphs:

“I will not sign a plan that adds one dime to our deficits, either now or in the future — period,” President Obama told Congress in a health-care address last month.

Well, that depends on what the meaning of “plan” is….So Democrats hatched a novel scheme: They would pass the legislation separately, so the $250 billion cost wouldn’t be part of the main reform “plan,” thereby allowing the president to claim that that bill wouldn’t increase the deficit.

Or this: “Finally we’re coming to the first vote on health-care reform, and what do the Democrats propose to do?” Sen. Lamar Alexander (Tenn.) asked at the microphones. “They propose to raise the national debt by . . . a quarter of a trillion dollars, plus $50 billion interest.”

There is plenty of good stuff in the piece, especially the quote by Senator Reid who essentially said — I did it because the White House told me to do it (he lost the cloture vote on the motion to proceed 47 to 53, Reid needs 60 votes to shut down a filibuster.)

OK, I cannot resist to quote Milbank’s Senator Stabenow stuff:

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