Some days, I'd feel better with Punxsutawney Phil in the Oval Office - at least he doesn't lie about the weather.

Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history.

There is no inverse relationship between freedom and security. Less of one does not lead to more of the other. People with no rights are not safe from terrorist attack.

We've had trickle down economics in the country for ten years now, and most of us aren't even damp yet.

The impulse to make ourselves safer by making ourselves less free is an old one ... When we are badly frightened, we think we can make ourselves safer by sacrificing some of our liberties. We did it during the McCarthy era out of fear of communism. Less liberty is regularly proposed as a solution to crime, to pornography, to illegal immigration, to abortion, to all kinds of threats.

With politicians, artful evasion is always preferable to the outright lie.

The charm of Ronald Reagan is not just that he kept telling us screwy things, it was that he believed them all. No wonder we trusted him, he never lied to us. ... His stubbornness, even defiance, in the face of facts ('stupid things,' he once called them in a memorable slip) was nothing short of splendid. ... This is the man who proved that ignorance is no handicap to the presidency.