Charting liberal hypocrisy is now old hat. From academia to the Sierra Club, elite progressives expect to live lives that are quite different from what they envision for the less sophisticated. No one believes that Elizabeth Warren would wish affirmative action to work for everyone in the way that she herself subverted it. Nor would we expect Warren not to be in the 1 percent that she so scolds — any more than we would assume that Al Gore would not leave a carbon footprint as large as those of thousands of the less environmentally sensitive put together.
First lady Michelle Obama recently lamented that “many young people are going to schools with kids who look just like them.” And she added: “And too often those schools aren’t equal, especially ones attended by students of color, which too often lag behind.” But that anguish should not mean that the Obamas have put or would put their children in the inner-city public schools the way President and Mrs. Carter did with Amy.
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.
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.
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”→
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 gains 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.
“We are five days away from fundamentally transforming the United States of America.” — Barack
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”→
After the election, dozens of op-eds — I wrote one myself — cautioned the president about second-term overreach, focusing on how either hubris or simple fate has seemed to do in most modern second presidential terms. Continue reading “Obama’s Non-Triangulation”→
California now works on the principle of the mordida, or “bite.” Its government assumes that it can take something extra from residents for the privilege of living in their special state. Continue reading “The California Mordida”→