Home
In this issue
April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Feb. 24, 2011 20 Adar I, 5771

After Obama, the Deluge

By Victor Davis Hanson



http://www.JewishWorldReview.com | President Obama established a bipartisan debt-reduction commission -- and then ignored its findings, which called for unpopular reductions in entitlements and across-the-board spending cuts. His first two budgets led to the largest deficits in U.S. history. The ensuing $3 trillion dollars in red ink prompted the Tea Party movement and led to the largest midterm defeat of the Democratic Party in the House of Representatives since 1938.

No matter. The president has proposed a new budget with an even larger, $1.6 trillion deficit. That record federal borrowing prompted columnist Charles Krauthammer to describe it as Louis XV indulgence, an allusion to the wild royal spending that brought about the French Revolution. Even Newsweek editor at large Evan Thomas, who once gushed that Obama stood "above the world" as some "sort of God," called the president's new budget a "profile in cowardice." After Obama leaves office, a perfect storm of rising international interest rates, an anemic dollar and panic on the part of foreign lenders may force an end to this unhinged American rush to borrow and blow what it has not earned.

Gas prices in many parts of the country are nearing $4 a gallon; it could get even worse as unrest spreads throughout the oil-exporting Middle East. Yet the Obama administration once again seems to see no crisis. It has curtailed new leases for offshore oil exploration for seven years and exempted thousands of acres in the West from new drilling. It will not reconsider opening up small areas of Alaska with known large oil reserves.

Instead, the administration in 2009 pushed through cap-and-trade legislation in the House on the dubious proposition that, in times of unusually cold American winters, the planet is warming up. Accordingly, the administration would like to tax further the already high price of fossil fuels rather than go all out to look for more. Yet importing more oil from abroad and growing more subsidized biofuels at home will lead to a disastrous trifecta of borrowing even more money, ensuring greater global pollution and causing higher world food prices.

Obamacare -- the Patient Protection and Affordable Care Act -- was pushed through the Senate in 2009 through backroom deal-making and special perks for fence-sitting senators. The premise was that it would save both patients and the nation billions of dollars. But updated estimates now suggest that the takeover of health care will cost the country about $2 trillion over the next decade while disrupting and making more costly existing health plans.

That worry may explain why the administration has quietly granted waivers from its own "affordable" plan to some 700 organizations covering 2 million workers -- 40 percent of them union members. Long after the president has left office, everyone else who is not so privileged to be exempted will have to live with the consequence of a cumbersome and costly new federal health bureau.

The president just weighed in on the Wisconsin budget deadlock, suggesting that Gov. Scott Walker was out to punish public-sector unions more than to figure out a way to close a $3 billion state deficit. But unlike the federal government, Walker cannot print money, and he cannot so easily raise taxes without losing residents who might flee to lower-tax states. That the president wants unions to know he is on their side is clear; that he cares how the people of Wisconsin are going to pay for sky-high public-employee wages, benefits and health care is not so evident.

In these lean times of nearly 10 percent unemployment and rapid hikes in gas and food prices, the president has chastised "fat cat" Wall Street bankers, the wealthy who jet to the Super Bowl, those who junket to Las Vegas, and in general suggested that strapped American families might wish to "sacrifice" and "put off a vacation." But in "let them eat cake" style, the first family seems tone-deaf to the potential symbolism of postponing its own exclusive vacations. Michele Obama just returned from skiing at an elite Vail, Colo., resort. Last summer in Marie Antoinette fashion, she jetted to Costa del Sol in Spain for a costly Mediterranean vacation. The rich playground at Martha's Vineyard, not Camp David, seems now to be the favorite presidential recession-era getaway spot.

Shortly after Barack Obama leaves office, we are all going to have to eat cake. Then a less eloquent president will have to balance budgets, pay off trillions in new debt, develop more energy, come up with a sane health-care policy, and in symbolic fashion have the first family share the sacrifice of a more mundane lifestyle.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Victor Davis Hanson, a classicist and military historian, is a senior fellow at the Hoover Institution and a recipient of the 2007 National Humanities Medal. Comment by clicking here.


Archives

© 2010, TMS

Columnists

Toons

Lifestyles