Monday, February 4, 2008

an unserious people in a serious time.

From Pat Buchanan:
It was to be the year of change, of new ideas, a new politics.

Yet, as of today, it appears the Republican Party will be led into the future by a Beltway favorite of the media and Washington insider who has spent the last quarter of a century on Capitol Hill.

And the Democratic Party appears about to build a bridge to the past by nominating the spouse of the last Democratic president who has herself been a Washington insider for almost 20 years.

With two-thirds of the nation saying the country is on the wrong course, the two parties are offering candidates both of whom played major roles in setting that course. And neither probable nominee has advanced ideas to deal with the crises America faces, nor even shown any great awareness that the country is in crisis.

The first crisis is fiscal, with the Social Security, Medicare and Medicaid costs about to break the bank as the baby boomers reach early retirement. Add the other entitlement programs, defense and interest on the debt, and this consumes perhaps 90 percent of the budget.

No one is proposing cuts in any major component of the budget. Indeed, Mrs. Clinton is promising universal health care and McCain is promising an expansion of the military. Both favor a stimulus package of roughly $150 billion. As our savings rate is about zero, where are we going to borrow the money for all this?.....

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