In case you ever wondered how it is that Republicans do not want deficits and Democrats do not want deficits, yet we have massive and growing deficits, the following two articles will explain the reasons nicely.
Before moving on, I'd like to take one more stab at explaining the differing viewpoints of the opposing sides in the contentious internecine conservative debate over the debt ceiling and also assess the deal's winners and losers.
A new clash is ahead that seems fated to split the right into fiscal hawks versus security hawks. It was scheduled for early 2012 by the debt-ceiling deal forced on Barack Obama by Tea Party Republicans.
During the entire process of the debt ceiling battle, many politicians, and pundits repeated similar nonsense about democracy working better through compromise. Yet often compromise is the bane of our political system and a major hindrance to our ability to enact good public policy.
President Obama continues to push the notion that he wants a "balanced approach" to budget cuts, but it is becoming increasingly clear that the only spending cuts he is willing to contemplate are cuts in defense spending.
"If dispirited Europeans are conceding that something is terribly wrong with their half-century-long experiment with socialism, unassimilated immigrants, cultural apologies, defense cuts and post-nationalism, why in the world is the Obama administration intent on adopting what Europeans are rejecting?"
Can America’s defense budget be cut? Yes. Unfortunately, President Obama is going about it exactly backwards.