How mansion-dwelling, carbon-spewing cutthroat capitalists can still be politically correct.
by Bruce Thornton
The biggest political problem the United States faces — runaway entitlement costs on track to bankrupt the treasury — is like the weather. Everybody talks about it, but no one does anything about it. Even talking about it can be politically dangerous, as the Republicans learned in November and during the “fiscal cliff” negotiations. They chastised Mitt Romney’s post-election comments about the entitlement “gifts” President Obama promised voters. And the Republican demand that tax-hikes be linked to spending cuts to avoid the “fiscal cliff” was demonized as “holding the middle class hostage.”
Continue reading “Wards of the State”
by Victor Davis Hanson
NRO’s The Corner
Barack Obama once had a lot of insightful things to say about the debt ceiling that transcended the usual political game of voting for debt-ceiling increases when your guy was president and against when he was not — and even some things that were quite blunt if not harsh about anyone who would be so reckless as not to address balancing the budget. According to Obama, raising the debt ceiling was a sign of leadership failure (“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure”), and a clear indication that the US was simply incapable of paying what it already owes (“It is a sign that the US government can’t pay its own bills”) — a fact that made us vulnerable to foreign pressures (“It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies”).
Continue reading “Dr. Barack and Mr. Obama on the Debt Ceiling”