By right-left acclaim, at least among elites, the Chief Justice has engineered a Marbury v. Madison-like verdict that camouflages new limits on federal power as a reprieve for President Obama's entitlement legacy and in a stroke enhanced the Supreme Court's reputation -- and his own. This purported "long game" appeals to conservatives who can console themselves with a moral victory . . . .
America's "total debt" at 12:06 p.m. CDT yesterday. That's $692,192 per family. Total debt is the combined debt of households, businesses, financial institutions, and local, state, and federal governments. It includes the national debt mentioned below.
This number is scary enough, but it omits something that makes it scarier still: . . .
THAT'S THE SOUND of the political ratchet moving America inexorably in the only direction in which the political ratchet works: toward welfare statism, and the cliff of fiscal disaster.
PRESIDENT OBAMA has run up more debt in three years than President Bush did in eight, and he plans to run up more still -- from ten trillion in 2008 to fifteen-and-one-half trillion now to 20 trillion and beyond. Onward and upward!
The president does not see this as a problem, nor [does] his party, and nor do at least fortysomething percent of the American people. The Democrats' plan is to have no plan, and their budget is not to budget at all. . . .
