How our nation treats its children reflects our societal values. Children can't vote. They depend on us -- parents, grandparents, pediatricians, teachers, and other child health advocates and professionals, to do right by them.
The current privileged status of U.S. dollar debt is a recent phenomenon, and one that is by no means permanent. This is a major reason why it is important to begin reducing structural deficits during the next decade.
Few people understand that to balance the budget, or even to bring down the deficits to the rate of growth would require cutting the size of government by at least half and/or nearly eliminating entitlements. It really is true.
We lost. Middle and working class Americans. We're the losers in the debt ceiling debate. Not President Obama or the Democrats. And it was always going to be this way. As soon as deficit reduction became the only game in town.
The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings -- 'yes, the financial markets might destroy us, but how can we cut this or that worthy cause' -- don't cut it.
Rational discourse about fiscal policy is not helped when our Secretary of State begins espousing the notion that our deficit represents a security threat, along the lines of a financial bubonic plague or comparable to a terrorist threat.