December 16, 2011 | 8 comments
December 15, 2011 | 3 comments
December 15, 2011 | 0 comments
December 14, 2011 | 39 comments
December 14, 2011 | 4 comments
Will the debt ceiling deal solve our debt problems? No, it won’t, and it doesn’t even address the driver of the increasing debt, which is government spending on health care.
That being acknowledged, it’s useful to put the deal in the right perspective. This graph from Alex Tabarrok, showing federal spending over the next 10 years with and without the deal, is not the right perspective:
The graph makes it seem as though the cuts are negligible. If it compared the cuts to the 10-year deficit, as opposed to spending, though, it would make them seem much more significant.
Erskine Bowles and Alan Simpson and Paul Ryan have this right: the deal won’t fix our problems, but it does mark a change in the overall direction of government, from irresponsibility to an awareness that something needs to be done at some point.
Furthermore, it’s important to realize what would have happened without the influence of the Tea Party: there would have been a clean debt ceiling hike. In the big picture, the spending cuts in the deal are an important development and a big win for the Tea Party.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?
H/T to National Review Online