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Kicking the can down the road. That's been the Obama administration's response on issues from Iran's nuclear weapons program to America's entitlement systems.
You know politicians are serious when they move from campaigning to governing. Something like that may be happening on the Republican campaign trail -- but, unfortunately, not at the Obama White House.
As I listened to House Budget Committee Chairman Paul Ryan describe his latest budget plan in a speech at American Enterprise Institute on Tuesday, I couldn't help thinking how different things will be in Britain today when Chancellor of the Exchequer George Osborne steps out of Number 11 Downing Street with a battered red briefcase holding his budget for the forthcoming year.
Before taking a further hatchet to defense, Congress could make a more serious effort to reverse increases in domestic spending put in place by the Obama Administration.
Do conservatives just want to cut government willy-nilly, not only reducing its overall size but endangering its ability to carry out its proper functions?
Holding hostage the debt ceiling--meaning the full faith and credit of the United States to pay obligations incurred in the past by this Congress and its predecessors--threatening to take the risk of creating a depression or at least a serious recession unless all one's demands are met, is simply reckless.
The Bowles-Simpson plan to reduce the federal deficit is as good as economics gets.
The co-chairmen of President Obama's fiscal commission, Erskine Bowles and Alan Simpson, have shown that the welfare-state entitlements designated in America's tax code weaken both the efficiency and fairness of the tax system.






