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 PodhoretzWhy, listening to Obama talk about his economic triumphs over the last three years might make you want to move to the country he was describing. Too bad that country exists primarily in his own head.
John PodhoretzThe classic rule of thumb is that if you are an intellectual ideological magazine, you do better in opposition than you do if your views are reflected by people in power.
John PodhoretzYou want a political culture that works to create conditions under which an economy can thrive? Since signing the Oslo Accords with the Palestinians, Israel has spent two decades working to unshackle its economy from its socialist roots, with remarkable results.
John PodhoretzHurtling the Pentagon into an unprecedented budgetary meltdown is horrifically irresponsible. Obama doesn't care. This is war - not against the Taliban, but war against the GOP. He has Republicans on the ropes, and that's a victory he savors and desires - unlike Afghanistan, where he seems only to want to turn tail.
John Podhoretz