Thursday, August 4, 2011

Will On Debt Deal

By affirming liberalism’s lodestar — the principle that government’s grasp on national resources must constantly increase — Obama made himself a spectator in a Washington more conservative than it was during the Reagan presidency. By accepting, as he had no choice but to do, Congress’s resolution of the crisis, Obama annoyed liberals. They indict him for apostasy from their one-word catechism, “More!” But egged on by them, he talked himself into a corner. Having said that failure to raise the ceiling would mean apocalypse, he could hardly say failure to raise revenue would be worse.
http://www.washingtonpost.com/opinions/the-debt-deal-and-obamas-2012-problem/2011/08/02/gIQAblZepI_story.html?hpid=z4

The debt deal has provided a lot of talking heads with a lot to say, while changine virtually nothing - we're still spending at unsustainable levels, spending at levels that prevent growth, and there's virtually no adult discussion of the issues.  Everything nearly every politician states about the debt publicly is deceitful in one way or the other.  Every thing that is done reinforces one of the dominant political parties, but only incidentally makes anything better for the citizenry.  The status quo is preserved until the day a more critical crisis occurs ...

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