Word of the Decade: “Unsustainable”

Peggy Noonan, who left the reservation to fawn over Obama for a time, seems to have realized that he is a far-left liberal who is willing to say anything to get re-elected.

Yeah, Peggy. It’s about time.

Here’s her recent column from the Wall Street Journal:

We’re at a funny place. The American establishment has finally come around, in unison, to admitting that America is in crisis, that our debt actually threatens our ability to endure, that if we don’t make progress on this, we are going to near our endpoint as a nation. I am struck very recently by the number of leaders in American business, politics and journalism who now get a certain faraway look at the end of an evening or a meal and say, “It’s worse than people think, you know.” The debt crisis in Europe is not easing but worsening, the U.S. bond markets could bail tomorrow, the culture of Washington will kill any serious attempts at reform . . .

The American establishment, on both sides of the political divide, is admitting as never before that we are in an existential challenge. And this is progress. It was not always so! It wasn’t so two years ago.

That’s one takeaway from this week’s Peterson Foundation fiscal summit in Washington. Bill Clinton spoke of “permanent structural deficits” and warned that “arithmetic still matters.” We must focus on entitlement spending, he said, “for the same reason Willie Sutton robbed banks: That’s where the money is.” Virginia’s Democratic Sen. Mark Warner: “Congress is Thelma and Louise in that car headed for the cliff.” Obama administration economic adviser Gene Sperling—more on him in a minute—called for “serious discussion” of the specifics of a debt-reducing plan.

Read the rest here. (and do you think Bill Clinton is going to follow Dick Morris’s lead and become a Republican??)

aln

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