Last week political commentator, and one-time Presidential candidate, Pat Buchanan wrote a column entitled, "Is This How Democracy Ends?"

Buchanan remarked, "I used to think it would take a great financial crisis to get both parties to the table, but we just had one," said G. William Hoagland, a former adviser to the Senate Republican leadership on fiscal policy.

Buchanan agues that America faces "A Crisis of Democracy" because of party gridlock and an inability to resolve the soaring national debt.

Think of it this way. America and it's government have borrowed so much that they have become too risky for the those loaning the money.

Buchanan noted that in December, China unloaded $45 billion of its $790 billion in T-bills.

And like your credit card company, those same creditors will likely only agree to buy that debt if they are reward with higher returns.

And that translates into interest rates for we the taxpayer.

Fortunately, Americans are also paying attention and are demanding action from their elected officials.

After years of borrowing without much objection, taxpayers are recognizing that the party may be over.

On Wednesday of this week, Ben Bernanke said that current deficit plan was "unsustainable".

(That's funny, didn't he help engineer the bailouts?)

The national debt is like the money addict who has gone to the bank to refinance the debt one too many times and can't make the minimum monthly payment.

And the money addicts are those clamoring for more government spending because we have a "right" to health care or other "entitlements".

But what if interest rates suddenly go through the roof, and the taxpayer can't afford the higher taxes?

Then what?

The only entitlement I'm aware of belongs to natural laws and principles which come to pass regardless of what we may think of them.

The Fed can artificially control interest rates by borrowing, but ultimately principles will prevail.

One of those principles is that borrowers of debt are still free to continue to borrow or not.

And once that risk gets too burdensome, they either unload it or ask for higher rates as a reward.

And President Obama, Congress, Bernanke or the American people will get to the point where they - we - can't do anything about it.

Natural laws will always have the final word.

Buchanan concludes say, "These days, I wonder if this country is even governable."

Jeffersonian Democracy "of the People, by the People and for the People" is not the problem.

It may be the only solution.

Because government still "gets its right from the consent of the governed."

As long as we still believe in the Constitution, we need to let them know that government is still the servant and we are the masters.

We may need to declare our independence from those who have lied to us saying we could afford it all.

What we may not yet recognize is that we told ourselves the lie and believed it.

The truth is that our own finances may not be any better than Uncle Sam's, and so we better be prepared to change just like those politicians we now love to hate.