What Happens After the US Passes a Debt Limit Deal?
Seniors and the elderly are going to pay for this new “American Austerity”, those who can least afford it. Lets face facts: if there are no revenue increases, there will have to be cuts in pretty much every part of the US budget. If there is no cut in military spending, it will be you and me, the average American taxpayer who will feel the cuts. Sadly, nothing good will come out of any of this.
It’s too hot and it’s getting even hotter here in DC!
And this is where it gets difficult for me to admit. In my ignorant understanding of economics, the idea of a balanced budget does not seem like a bad idea. You make sure you can pay for what you use. The questions I want answers to are what are the benefits and what are the costs associated with a balanced budget?
Today, we are all Norwegians
The Norwegian massacre has a potential to be a game-changer in European security. The phrase may be overused, it may be a cliché, and it may ultimately not be of any practical use beyond a symbolic show of empathy, but as Norway mourns, we can only intone: Today, we are all Norwegians.
COSTS NOT FORGOTTEN
In the past I have complained about the fecklessness of America’s allies, citing most especially their failure to carry a fair share of the global security burden. More recently, I have softened my complaints somewhat, recognizing that the allies are merely pursuing the most attractive political option available to them.
Chinese Geo-engineering
For those not aware, China has recently launched missiles containing silver iodide into the atmosphere to make it rain in hopes of relieving drought conditions in some of its more water scare regions. This practice is an example of geo-engineering, a growing field of potential responses to the effects of climate change.
Scaling down climate action
International climate negotiators have sought a top-down “grand solution” to climate change that is not easily attained, for all kinds of reasons. Indeed, over the past few weeks, several actors have taken promising steps to reduce greenhouse gas emissions. These have not exactly been below the radar, but they do suggest that more-and-more groups recognize the need for diverse kinds of climate action.
Please America, Don’t Default
The raising of the US national debt ceiling authorizing America to borrow money on global financial markets has become one of the most under-reported topics of our time. What was usually a minor issue has become a game of “Russian roulette”. The stakes could not be any higher. Forget American decline, global chaos would result.
END NATO
When Europe lay devastated after WWII and seemed menaced by the Soviet Union, a cross Atlantic military alliance was needed to preserve European freedom. Through a patchwork of military commands and an influx of American troops, a protective wall of security was created within which European recovery and democratization could take place. However, today, NATO is irrelevant and needs a respectful termination.
China and the Green Energy Future
While environmentalists are rightly very worried about the effects of mining and burning the world’s remaining coal reserves, many are now just as concerned in the post-Fukushima world about the safety of nuclear energy. Prior to this year, nuclear power was increasingly viewed as the most feasible near-term alternative to coal-fired electricity.
SIX REASONS FOR AMERICA TO BE A RELUCTANT INTERVENER
America’s great power and wealth tempts some to advocate its intervention when civil wars in weakly or ungoverned lands threaten to become humanitarian disasters or when tyrants refuse to surrender their thrones. Our aid for victims should be readily offered in these cases, but very rarely should our troops. America must avoid becoming the global policeman, self-designated or not
