The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

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Monday, October 14, 2013

Behind Washington's Firestorm | RealClearPolitics

WASHINGTON -- When the history is written, I suspect the brutal budget battle transfixing the nation will be seen as much more than a spectacular partisan showdown. Careful historians will, I think, cast it as a symbolic turning point for post-World War II institutions -- mainly the welfare state and the consumer credit complex -- that depended on strong economic growth that has now, sadly, gone missing. The story behind the story is that prolonged slow growth threatens historic changes to our political and social order.


For "historic changes" read something like "utter undoing" or substitute your favorite profanity.

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Pure wishful thinking. The actual issue being debated in this battle, if you think about it, is, "if Congress can't agree on a budget, what's the default: spending only on government activities whose funding is explicitly agreed on and signed into law, or continuing all ongoing government spending at current rates, no matter how unaffordable?" And guess who's winning the debate?

Posted by: Dan Simon | Oct 14, 2013 11:57:03 AM