The old-fashioned idea is that responsibility falls upon those who borrow and lend. Money was not borrowed by campesinos, assembly plant workers, or slum-dwellers. The mass of the population gained little from borrowing, indeed often suffered grievously from its effects.

States are not moral agents, people are, and can impose moral standards on powerful institutions.

To live a life of honesty and integrity is a responsibility of every decent person.

Actually, the phrase "national security" is barely used until the 1930s. And there's a reason. By then, the United States was beginning to become global. Before that the United States had been mostly a regional power - Britain was the biggest global power. After the Second World War, national security is everywhere, because we basically owned the world, so our security is threatened everywhere. Not just on our borders, but everywhere - so you have to have a thousand military bases around the world for "defense."

There are no conservatives in the United States. The United States does not have a conservative tradition. The people who call themselves conservatives, like the Heritage Foundation or Gingrich, are believers in -- are radical statists. They believe in a powerful state, but a welfare state for the rich.

Maybe [the Republicans] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of the US Treasury Department. US Treasury securities are what's called "good as gold"; they're the basis of international finance, and if the government can't uphold them, if they become valueless, the effect on the international financial system could be quite severe. But in order to destroy a limited health-care law, the right-wing Republicans, the reactionary Republicans, are willing to do that.

The two tendencies are antithetical in significant respects. These are distinctions that should be kept in mind, however one feels that the problems and dilemmas that constantly arise should be resolved.