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Right Turn
Posted at 07:45 AM ET, 07/08/2011

Morning Bits

Doesn’t complaining that there aren’t enough women in politics sound a bit 1970s?

Doesn’t it seem that there should be a greater sense of urgency? Jim Pethokoukis points out: “The official budget forecasts [one] typically hears about in the media are from the Congressional Budget Office. And those forecasts assume Uncle [Sam] can borrow at low interest rates, like, forever. The super-cautious CBO baseline predicts the U.S. government will add an additional $6.8 trillion in debt over the next decade, bringing cumulative debt held by the public to $18.2 trillion. Debt as a share of the economy would be 76.7 percent. The forecast also assumes short-term interest rates average 3.3 percent, long-term 4.8 percent. But [Macroeconomics Advisers, a favorite economic analysis firm of the White House] thinks long rates will hit 9 percent. This would cause U.S. indebtedness to explode.”

Doesn’t this sound like the winning strategy of Bob McDonnell’s 2009 Virginia gubernatorial race? “Michele Bachmann’s first ad makes clear that she won’t be campaigning primarily on the social issues that, until fairly recently, defined her career, but on the size-of-government issues that are now the center of the Republican debate. But she, unlike many of her rivals, is in the enviable position of commanding the real confidence of social conservative leaders; she doesn’t have to reassure them.”

Doesn’t this sound like yet another White House error based on arrogance? “House Minority Leader Nancy Pelosi (D-Calif.) was not informed in advance of President Obama’s plans to include Social Security reform in the scope of the debt-ceiling talks, a House Democratic aide said Thursday.” Unreal that the White House has learned so little about dealing with its own party.

Doesn’t this sound like a parody of the feckless Libyan war approach? “NATO denied a Libyan government charge Thursday that the alliance is intentionally using its airstrikes to assist rebel advances, saying it is sticking to its mandate to protect civilians.”Sigh.

Doesn’t it speak volumes about the level of intellectual honesty in the chattering class that the 14th Amendment’s language on debt “ incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion ” should be construed as an authorization of presidential authority to blast through the debt limit? Imagine if George W. Bush would have floated this nonsense.

Doesn’t Sen. Marco Rubio (R- Fla.) seem more presidential than most of the presidential candidates (not to mention President Obama)? “We don’t need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. Then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again. That’s what we should be focused on, and that’s what we’re not focused on. . . . I think all bad ideas should be off the table. I think anything that kills jobs should be off the table.”

Doesn’t this suggest debt reduction is a political loser for the Democrats? Otherwise Obama would welcome the change to argue for tax hikes again in 2012. “In his meeting with congressional leaders today, President Obama said he would veto any deficit reduction bill that doesn’t raise the debt ceiling until after the November 2012 election, sources tell ABC News.”

By  |  07:45 AM ET, 07/08/2011

Categories:  Morning Bits

 
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