While it's huge news right now, what Vice President Biden said to the AARP sounds exactly what President Obama said in May.

Biden:

Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.

"And folks look, AARP knows and the people working here today know, the president knows, and I know, that the status quo is simply not acceptable," Biden said at the event on Thursday in Alexandria, Va. "It's totally unacceptable. And it's completely unsustainable. Even if we wanted to keep it the way we have it. It can't do it financially."

"We're going to go bankrupt as a nation," Biden said.

"Well, people when I say that look at me and say, 'What are you talking about? You're telling me we have to go spend money to keep from going bankrupt?'" Biden said. "The answer is yes, I'm telling you."

I agree with people who are saying it sounds pretty loony. Because it is pretty loony.

What I can't understand is why it's loony only when Biden says it. Here's what Obama said in May:

...we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.

So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.

So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now.

Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...

So what Obama (and now Biden) are trying to do is use the future bankruptcy as an argument in favor of making things worse. Dramatically worse. And right now.

I'll say this for Biden; even before the election he warned us. Even though at the time a lot of people as astute as Ann Althouse were wondering precisely what he meant when he made seemingly incomprehensible statements like these:

...."We're gonna need you to use your influence, your influence within the community, to stand with him. Because it's not gonna be apparent initially, it's not gonna be apparent that we're right."

What does that mean? Obama's election would provoke an international incident because of his inexperience and even Obama's biggest supporters won't be reassured by his response?

Then there were Biden's predictions on the economy: "I promise you, you all are gonna be sitting here a year from now going, 'Oh my God, why are they there in the polls? . . . Why is this thing so tough? . . . I'm asking you now, be prepared to stick with us. Remember the faith you had at this point, because you're going to have to reinforce us.

"There are gonna be a lot of you who want to go, 'Whoa, wait a minute, yo, whoa, whoa, I don't know about that decision.' "

Biden is teling us that, at a time when Americans need to feel confidence in their government, they will be going "Oh my God." Not a great message.

(Things like the destruction of the economy. Revolutions have been fought over less.)

AFTERTHOUGHT: I have to say that I always considered Biden to be your basic hack politician. The lame plagiarism, his proneness to gaffes, incomprehensible remarks -- all of these things had me completely fooled.

Who would have ever thought that Joe Biden was actually a prophet of doom?

MORE: From the Congressional Budget Office Director:

Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just as rapidly, the rise in spending will produce growing budget deficits.

What will inevitable happen has all been predicted for years:

In CBO's estimates, the increase in spending for Medicare and Medicaid will account for 80 percent of spending increases for the three entitlement programs between now and 2035 and 90 percent of spending growth between now and 2080. Thus, reducing overall government spending relative to what would occur under current fiscal policy would require fundamental changes in the trajectory of federal health spending. Slowing the growth rate of outlays for Medicare and Medicaid is the central long-term challenge for fiscal policy.

But what if people are willing to vote for that?

What if Plato was right?