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May 25, 2012
Mark Clayton: Is Hillary's State Dept. hacking Al Qaeda? Not quite
Erika Bolstad: Temple cancels Wasserman Schultz speech
The Kosher Gourmet by Ethel G. Hofman: The former president of the International Association of Culinary Professionals, whose members included the likes of Julia Child, is back with contemporary Shavous cuisine: Ruby Fruit Soup, Sweet Noodle Kugel with Cheese, Key Lime Curd, Calsone Casserole Frittata with Wild Mushrooms, Sun-dried tomatoes and Olives, Baked Tilapia with Pepper Cheese Cream and Brown Sugar Shortbread
May 24, 2012
Jeff Jacoby: The peace process battered Israel's reputation
Michael Muskal: 'Pro-choice' position hits record low, according to poll
Chris Farrell: Are We in a Tech Bubble?
The Kosher Gourmet by Penelope Wall: PHILLY CHEESE STEAKS --- hold the steak!
May 23, 2012
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Tina Susman: The wig wasn't enough: Man gets 13 years for posing as his dead mom
The Kosher Gourmet by Emma Christensen:A simple way to do fish right
May 22, 2012
Warren Richey: Can US group challenge overseas surveillance act? Supreme Court to decide
Thomas M. Anderson: Walking Away From a Mortgage
The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili
May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security?
Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
Stephen Whiteside, Ph.D. : Mayo Clinic Medical Edge: Social anxiety disorder --- or just shy?
Guy Jackson : Victim's father regrets death of Lockerbie bomber
The Kosher Gourmet by Mario Batali: Famed chef's veal shoulder farsumagru: A festive meat course for late spring
May 18, 2012
Rabbi Berel Wein: Striving: The People of the Book's Book for (All of) the People
Steven Goldberg: 5 Great Stock Picks and the Exchange-Traded Fund that Owns Them
Mary Pickett, M.D.: Ask the Harvard Experts: Don't be forced into gluten-free lifestyle based merely on a doctor's false-positive test
The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
Warren Richey: Teacher fired for being unwed and pregnant can sue religious school, court rules
Josh Mitnick: Netanyahu's 'centrist' coalition is already proving it's anything but
Steven Goldberg: Earn Dividends in Emerging Markets with This WisdomTree ETF
Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
Carmen Terzic, M.D., Ph.D. : Mayo Clinic Medical Edge: A variety of exercises can help improve balance
Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
Kristen Chick: Obama administration resumes arms sales to Bahrain despite serious unresolved human rights issues. Activists feel abandoned
Pat Mertz Esswein: Homes are now affordable again and mortgage rates are low. What you need to know before you buy
Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
Sue Hubbard, M.D.: The Kid's Doctor: Lactose intolerant young child? Check again
The Kosher Gourmet by Kathy Hunt: Spread a Little Excitement with EXOTIC CONDIMENTS (4 RECIPES)
May 14, 2012
Lisa Gerstner: How to Protect Your Identity, Finances If You Lose Your Phone
Harvard Health Letters: Heart disease and dementia
The Kosher Gourmet by Megan Gordon: MANGO COCONUT OAT MORNING MUFFINS are a bright but hearty delight
May 11, 2012
Jessica L. Anderson: Get the Best Deal on a Used Car
Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
Jeff Bertolucci: Get Home Phone Service for Less Than $10 a Month
The Kosher Gourmet by Betty Rosbottom: Gleaming with its golden, crimson, and snowy white hues, this silken smooth and creamy STRAWBERRY ORANGE TRIFLE looks impressive, but is easy to prepare
May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
March 22, 2011
/ 16 Adar II, 5771
2012: Our National Fiscal Armageddon?
By
David Limbaugh
http://www.JewishWorldReview.com |
The 2012 presidential and congressional elections are shaping up to be a referendum on whether the American people have the wisdom, the discipline and the will to save this nation.
The nation is on an unsustainable path to fiscal bankruptcy, whose leading long-term drivers are Medicare, Medicaid and Social Security. Yet at every turn, Democrats have obstructed reform with vicious, demagogic attacks on those genuinely trying to reform them.
George W. Bush deserves some credit for trying to propose reforms, but he was immediately savaged by scaremongers who claimed he was going after seniors and proposing a risky solution, mainly because his plan included a small privatization component.
But times have changed. We are at the proverbial crossroads. After two years of President Obama's reckless stewardship, this nation is in dire straits, and people are more informed and more alarmed. Also, new stars, such as Rep. Paul Ryan, have arisen to confront these challenges with the powerful arsenal of real facts and figures and the demeanor to command bipartisan credibility — for now.
I say "for now" because it is a virtual certainty that Ryan won't enjoy any semblance of respect from Democrats once he formally unveils his plan to move the budget back toward sanity.
This is despite the fact, nay, related to the fact that Obama's approach to the fiscal nightmare has been cynical, tragic farce. His self-description as being fiscally responsible is as insulting as his actual policies are horrifying.
Sen. Jeff Sessions illustrated the wide gulf between Obama's claims and the reality when grilling Heather Higginbottom, Obama's nominee for deputy director of the Office of Management and Budget, during a Senate Budget Committee hearing. Sessions forced her into admitting that Obama's budget definitely would, contrary to his claims, add to the national debt. Of course, a mere cursory review of Obama's numbers also makes that clear, whether or not Obama's lackeys own up to the distortions.
But can you imagine how much worse it would be if Obama were to end up getting his way on cap and trade, further "stimulus" proposals and Obamacare? The Congressional Budget Office has already exposed how misleading the Obamacare projections were, and the administration's obscene thousand-plus waivers from its onerous provisions further reveal the unfeasibility of the plan.
In unveiling his 10-year budget proposal, Obama looked the American people in the face and told us he was bringing the budget under control, even as the hard figures he was presenting promised monstrous deficits that would only slightly decline in the middle years and explode again toward the end.
But that's not the worst of it. The CBO has since shown that Obama grossly understated his already abysmal projections. It reported that Obama's cumulative deficits over the next decade would be $2.3 trillion higher than Obama's projections and that the debt would increase $1.8 trillion more than the administration predicted. Under Obama's budget, federal spending would be at record postwar levels and would never fall below 23 percent of gross domestic product. The annual deficits would average $1 trillion. Yet Obama tells us he's not going to be adding to the debt. Not "deficit," but "debt," which means he'd have to average a balanced budget from here on out. Does he think we can't speak English or add and subtract?
After adding astronomically to the debt with his failed stimulus program, locking in higher levels of spending through many federal programs, and reversing welfare reform, he is turning a blind eye to the entitlement crisis.
Obama's fiscal road map is to continue increasing discretionary spending, to persist in fiscal policies destined to retard economic growth and thus reduce federal revenues, and to be utterly AWOL on entitlement reform. This, knowing that even if he employed a pure libertarian approach of fiscal austerity to the discretionary budget, the entitlements would swallow our budget and bankrupt us within the next generation. The numbers are indisputable.
Rep. Ryan, on the other hand, is on the verge of laying out his bona fide road map to long-term fiscal viability, which consists of: instituting true entitlement reform while making no changes to the benefits for those in or near retirement; improving the health and retirement safety net; real and lasting cuts to discretionary spending; and adopting policies that stimulate, rather than suppress, economic growth, which is an integral part of the budgetary equation.
I intend to get into more detail in future columns about the specifics of Ryan's plan and how Obama's policies have dramatically exacerbated our budgetary crisis. But for now, be aware that if you think you've seen demagoguery before, just wait until Ryan unfolds his road map.
If we don't decisively win this war — whose pivotal battlefield will be the 2012 elections — we will have to start looking at financial doomsday scenarios.
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