Doctors need to do two things: correctly diagnose a problem and then prescribe the correct solution. The same goes for political pundits. Ezra Klein is halfway there.
In the Washington Post recently, Klein noted that California’s budget crisis is a warning. Klein, however, points the finger in the wrong direction: at the “minority party” (Republicans) that refuses to “cast aside” its “bickering” even though the state faces “an emergency.” “California is in a total fiscal crisis,” Klein writes. Yet, he claims, “It’s had to slash state services to the bone and will have to cut further.” This is something of a...












Big Spending: Always in Season
I'm not sure it really matters any longer. They apparently have no sense whatsoever of fiscal limitations. They seem to honestly believe that American capitalism is a bottomless well of cash that will produce whatever amount of...