A National Nightmare, Indeed

A National Nightmare, Indeed

In a Democratic fundraising speech in Iowa over the weekend, Vice President Joe Biden told party loyalists that opponents of the Obama administration's agenda "should be worried about us, for we are their worst nightmare." Duh.

Finally we can agree on something, Joe. Even the liberal New York Times reports that at the current level of federal spending, the annual interest on the national debt will exceed $700 billion by 2019 -- compared with $202 billion this year. Some forecasters predict it will be much higher. This additional half-trillion dollars a year in interest is more than our current combined...