December 30, 2012 |
It was a cruel, cruel year — a year that kept raising our hopes, only to squash them flatter than a dead possum on the interstate. Example: This year the "reality" show "Jersey Shore," which for six hideous seasons has been a compelling argument in favor of a major Earth-asteroid collision, finally got canceled , and we dared to wonder if maybe, just maybe, we, as a society, were becoming slightly less stupid. But then, WHAP, we were slapped in our national face by the cold hard frozen mackerel of reality in the form of the...
July 27, 2011 |
FOR MONTHS, it has been increasingly obvious that China's shiny new high-speed rail system is not the triumph of national planning that Beijing or Western admirers claimed. The Chinese government this year fired top rail officials for alleged wrongdoing , an implicit recognition that corruption and debt plague the project. Many of those who questioned the economics of high-speed rail in China also argued that authorities were cutting corners on safety in their rush to build the world's largest bullet-train...
October 2, 2013
Young people may not know or appreciate it, but their economic future is linked to the dispute over Obamacare. The Republicans are doing what they can to stop the train wreck that will be caused by creating another government social program doomed to economic failure like many others, adding to the debt and deficit. Wait until these young people realize that they will have to pay back the debt, and pay the interest on that debt, without the help of the large percentage of U.S. citizens who pay no income taxes.
October 3, 2013 |
After much struggle and internal strife, Republicans seeking to block Obamacare have arrived at this achievement: Much of the government is closed — except for Obamacare. The national parks are deserted but the health exchanges sputter and wheeze to life. For the most vigorous critics of President Obama's health reform, this failure is a point of ideological no return. "The administration's plan," said Sen. Ted Cruz (R-Tex.), "is to get as many Americans as possible addicted to the sugar, addicted to the...
May 5, 2011
In his column bemoaning the quick end to comity between Democrats and Republicans in the wake of Osama bin Laden's death [" What Pax bin Ladenis? ," op-ed, May 4], Dana Milbank cited as one example a statement by Rep. Kathy Castor (D-Fla.), who warned, "The GOP is proposing an end to Medicare as we know it!" But it is beyond argument that Medicare "as we know it" is an unsustainable, budget-busting train wreck that threatens the economic future of our children and grandchildren. It is way past time to reform it, and the many...
August 26, 2011
I read with a strange mix of anxiety and relief Allan Sloan's superb Aug. 21 column, " Tripping into real trouble . " Anxiety, because his scathingly nonpartisan broadside left little place for hope that this long, slow-motion political train wreck will stop before the nation cascades into the abyss. Relief that, at last, a voice from outside the petty, pandering politics of the day was able to articulate the scope of our economic challenge with a degree of clarity that, apparently, no one within our body of "leaders" can muster.