Hennessy's View

Domine, non sum dignus

5 Things to Question About Debt Deal

Yes, the Tea Party movement influenced what went on in Washington. No, the Tea Party is not the winner. (No one won.) No, this debt deal won’t guide the government off the road toward bankruptcy. Here’s why. No Entitlement Fix: In fact, it appears that entitlements aren’t touched. Entitlements are the nation’s spending problem. Not roads and bridges, not the military. Entitlements. Until we arrest and reverse growth in Social Security, Medicare, and Medicaid, we’re spitting in the ocean. Read more →

Jefferson on Debt

With the debt ceiling negotiations closing in, it’s worth looking to Thomas Jefferson. Jefferson was very opposed to federal government borrowing. (He was less concerned with states borrowing.) What I love about the quote below is Jefferson’s concern for leisure time. “To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. Read more →

Rah Rah Roy Blunt

Roy Blunt has not given an inch in thebattle over the debt ceiling. He deserves high praise for his resolve. During the 2010 Republican primary, many on the right questioned Blunt’s fiscal conservative credentials. As a member of the House, Blunt had helped craft some and pass unpopular spending bills, including TARP. On theissue of debt and responsibility, though, he shows no sign of cracking. Government debt is the defining issue of our time, perhaps of the American experiment. Read more →

Who’s Fit?

Take a look at Drudge. I’ll wait. The day doesn’t really matter. It’s always full of stuff that makes you think rivets are flying out of the planet like a jalopy in a cartoon. * Two girls beat another girl into convulsions over the course of eight minutes while cowardly young men quiver in fear. (But an old lady steps in and protects the victim.) * Syrian security opens fire on demonstrators killing 90. Read more →