Someone somewhere once said, "Patriotism is the last refuge of a scoundrel." This design is not patriotic, it's iconic-ironic. The eagle is from the presidential seal, the eye comes from a cryptic pyramid (check those dollar bills), and the tears are traditional signs of shame & regret (that they also look like bird droppings signifying disrespectful indifference is up to the viewer, but not entirely inappropriate...)
Nice colors.