Questions Rarely Asked–and Never Answered

by Victor Davis Hanson // PJ Media 

It Can’t Happen Here?

What does it take to warn Americans about unchecked pension growth, socialized medicine, vast increases in Photo Credit: Lester Public Library via Flickrentitlements, higher taxes, and steady expansion of government? In other words, what is it about DetroitItaly, or Greece that we do not understand?

In the last five years, the Obama administration has raised taxes on the top income rates, implemented Obamacare, added millions to the disability and food stamp roles, grown the size of the federal work force, run up the national debt, and vastly expanded the money supply, along with insuring near zero interest rates. Are there any historical examples where these redistributive efforts have brought long-term tranquility and prosperity?

To put it another way, does anyone ask basic questions about human nature anymore? If one gives more incentives to obtain government support while unemployed, why would not fewer people be working? If the food stamp, unemployment, and disability rolls are markedly up, and if it is almost impossible to verify that recipients are also not working for unreported cash wages (we hear mostly of government efforts to add more to these programs, rather than to audit those already on them), why would one seek a “regular” job that would lose such subsidies and make all one’s income reportable? (We know two basic truths about the IRS in the age of Obama: first, it goes after political opponents in partisan fashion, and second, it gives away billions of dollars in federal income tax rebate credits to those who did not deserve them.) Continue reading “Questions Rarely Asked–and Never Answered”

The Democratic Disasters to Come

by Victor Davis Hanson // PJ Media 

The defunding wars are over. The accusations are fading. We are back to reality. Of course, America’s long-term prospects, at least in comparison with other countries’ futures — whether in terms of demography, military power, food-production constitutional stability, energy sources, or higher education — are bright.Photo Credit: roberthuffstutter via Flickr

But short term, we are walking over landmines that threaten to blow up the normal way of doing business, and pose far more harm for Democrats than for Republicans.

Zero Interest

The real story about the debt is that by the end of Obama’s eight years, he will have matched the borrowing of all previous presidents combined.  Yet incredibly, the present huge sum of $17 trillion in debt is serviced at the same cost that we paid over 15 years ago. Such free use of money without raging inflation is almost historically unprecedented — and it won’t last.

Indeed, we are paying today about the same amount in aggregate annual interest payments, in non-inflation-adjusted dollars no less, as in 1997 — even though the 2012 figure of $17 trillion in debt is about three times larger than it was a decade-and-a-half ago. That anomaly is possible only because today’s interest rate of about 2.2% is only a third of what it was back then. Continue reading “The Democratic Disasters to Come”

Where Now?

by Victor Davis Hanson // NRO’s The Corner 

The government gridlock is, to use now politically incorrect metaphors, only one lost battle in a long campaign, and we are now back to the original proposition of watching the administration try to implement Obamacare. We know the president does exceedingly well when he can campaign against the forces of darkness, but when attention, even for a moment, turns to his own efforts — Obamacare; the stimulus; Solyndra; cash for clunkers, Benghazi; the AP, IRS, and NSA scandals; gun control; Syria, etc. — as it will now for a few weeks until the next psychodramatic “war” against someone, he flounders. Continue reading “Where Now?”

Sort of True, Sort of Not

by Victor Davis Hanson // NRO’s The Corner

The problem with negotiating with President Obama is not necessarily that he sometimes makes things up, but that he always sort of makes things up. Take a Photo Credit: President of the European Council via Flickrsingle recent October 8 press. All at once, the president used a weird assortment of similes and allusions to brand ad nauseam his opponents as little more than ransom takers, house burners, defaulters, global-economy crashers, nuclear-bomb users, extremists, threateners, extortionists, hostage takers, plant burners, and equipment breakers. He then bragged that domestic oil and gas production on his watch are at an all-time high—true, but he left out the salient fact that such gains are entirely the result of exploration on private lands, given that under his administration new federal oil and gas leases have by intention radically slowed. In 2010 actual oil and gas production on federal land hit historic lows. Ditto Obama’s brag that he lowered the deficit by half. If that claim turns out to be true, it is largely because of congressionally imposed sequestration cuts he opposed and record-low interest rates of scarcely over 2 percent that reflect a moribund Continue reading “Sort of True, Sort of Not”

What Are They Fighting Over?

by Victor Davis Hanson // NRO’s The Corner 

The deficit this year may fall to below $700 billion, but that is still huge at a time of a record near $17 trillion in debt, and comes despite a supposedly recovering economy and more revenue, despite recent sequestration cuts, despite dramatic Apples_apple_piegains in U.S. domestic energy production, despite the return of the Clinton-era tax hikes to the top brackets, and despite the end of the war in Iraq and the wind down in Afghanistan.

Wars, tax cuts on the wealthy, and out-of-control defense spending were all in the past variously cited as causing these huge deficits. In fact, the more compelling causes were always chronically slow economic growth, out-of-control federal spending, and the exemption of nearly half of America from paying any income tax at all.

No wonder we have a deadlock, when the best medicine for restoring fiscal health—stronger GDP growth through suspending Obamacare, opening up federal gas Continue reading “What Are They Fighting Over?”

Obama: Transforming America

From energy to foreign policy to the presidency itself, Obama’s agenda rolls along.

by Victor Davis Hanson // National Review Online 

“We are five days away from fundamentally transforming the United States of America.” — Barack

Photo Credit: Michael Shane via Flickr
Photo Credit: Michael Shane via Flickr

Obama, October 30, 2008

“We are going to have to change our conversation; we’re going to have to change our traditions, our history; we’re going to have to move into a different place as a nation.” — Michelle Obama, May 14, 2008

There certainly is no question that Barack Obama wants to change the United States. And there clearly is no doubt that such fundamental transformation is difficult, given our tripartite system of government — even though Obama entered office with large Democratic majorities in Continue reading “Obama: Transforming America”

The Late, Great Middle Class

It’s never been harder to find a decent job making something real.

by Victor Davis Hanson // National Review Online 

The American middle class, like the American economy in general, is ailing. Labor-force participation has hit a 35-year low.Destitute_man_vacant_store

Median household income is lower than it was five years ago. Only the top 5 percent of households have seen their incomes rise under President Obama.

Commuters are paying more than twice as much for gas as they were in 2008. Federal payouts for food stamps, unemployment insurance, and disability insurance have reached unprecedented levels.

Meanwhile, the country is still running near-record budget deficits and is burdened by $17 trillion in aggregate debt. Yet the stock market is soaring.

How can we make sense of all this contradictory nonsense? Irony.

Obama promised to restore the middle class. In truth, Continue reading “The Late, Great Middle Class”

The Decline of College

by Victor Davis Hanson // Tribune Media Services 

For the last 70 years, American higher education was assumed to be the pathway to upper-mobility and a rich shared-learning experience.

Young Americans for four years took a common core of classes, learned to look at the world dispassionately, and gained the concrete knowledge to make informed arguments logically.

The result was a more skilled workforce and a competent democratic citizenry. That ideal may still be true at our flagship universities, with their enormous endowments and stellar world rankings.

Yet most elsewhere, something went terribly wrong with that model. Almost all the old campus protocols are now tragically outdated or antithetical to their original mission.

Tenure — virtual lifelong job security for full-time faculty after six years — was supposed to protect free speech on campus. How, then, did campus ideology become more monotonous than diverse, more intolerant of politically unpopular views than open-minded?

Continue reading “The Decline of College”

After Obama

by Victor Davis Hanson

Tribune Media Services

We can imagine what lies ahead in 2017 — no matter the result of either the 2014 midterm elections or the 2016 presidential outcome. Continue reading “After Obama”

American Recessional

by Victor Davis Hanson

Tribune Media Services

Republicans and Democrats are blaming one another for impending cuts to the defense budget brought about by sequestration. Continue reading “American Recessional”