Over the next decade, cities and states across America will be compelled to tighten their belts as the really big bills - the pension bills they cannot afford - come due. They'll have to go after existing contracts with current workers.
John PodhoretzThe problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.
John PodhoretzYou'd think experienced political professionals would know better than to place their trust in exit polls, notoriously inaccurate surveys that had John Kerry winning the 2004 election by five points when he actually lost by three.
John Podhoretz