IT MIGHT succeed. That's not likely. (See below.) But if he succeeds in bringing the American military down to pre-WWII levels, Mr. Obama will have fundamentally transformed [read, essentially destroyed] yet one more basic American institution.
The ideological faction of the modern American left -- the progressives who set the agenda for their party and our nation -- intensely dislikes the military. The money could be better spent, Obamistas believe, for programs to make even more Americans dependent on the welfare state.
More likely, however, is that Republicans and vulnerable Democrats will restore some, perhaps most, of the proposed cuts. This will also help Mr. Obama and his party in several ways.
ON THE FIRST of each month, I write an investment newletter for a very small private audience. After celebrating July, an excellent month for stock-market and mutual-fund investors, I ended the most recent letter with words of caution:
[ASSOCIATE JUSTICE Sam] Alito pointed out that young, healthy adults today spend an average of $854 a year on health care. ObamaCare would require them to buy insurance policies expected to cost roughly . . .
WITHIN MINUTES after the Oklahoma disaster, Rhode Island Senator Sheldon Whitehouse indecently blamed Republicans and, to my ear, conservative southerners.
When cyclones tear up Oklahoma and hurricanes swamp Alabama and wildfires scorch Texas, you come to us, the rest of the country, for billions of dollars to recover. And the damage that your polluters and deniers are doing doesn't just hit Oklahoma and Alabama and Texas. It hits Rhode Island with floods and storms. It hits Oregon with acidified seas. It hits Montana with dying forests.
With equally unseemly dispatch -- and for the same goal -- the Houston Chronicle also rushed to capitalize on the human suffering. That goal: to defend and promote . . .
. . . that's what they were talking about, way back then.
The fact was that in this country, we had gone very much further toward socialism than most democratic countries in Europe -- in the extent of the public sector, with the nationalized industries, and the amount of control, and to some extent the attitudes. We had to turn back. In other words, the center is always the midway between two points, and the whole of the political debate had gone to the left. . .