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December 2, 2014

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review Feb. 8, 2011 / 4 Adar I, 5771

Chicken Little and the Debt Ceiling

By Cal Thomas




http://www.JewishWorldReview.com | Federal Reserve Chairman Ben Bernanke seemed to be channeling Chicken Little when he warned congressional Republicans that any delay in raising the debt ceiling beyond the current $14.3 trillion cap could have "catastrophic" consequences.

Continuing America's borrowing and spending addiction will have even greater catastrophic consequences, but people in government don't think this way. For them, all government spending is good spending and any attempt to begin the arduous process of restoring fiscal responsibility is viewed by those with vested interests as greedy, selfish and unsympathetic toward the needs of others. Perhaps advocates of unlimited spending might tell us how much is enough if they can't live on $14.3 trillion?

If Congress doesn't start the process of cutting spending now when the polls favor Republican economic policies, when will it? Rarely has "if not us, who? If not now, when?" had greater resonance.

The Wall Street Journal reports, "Governors around the U.S. are proposing to balance their states' budgets with a long list of cuts and almost no new taxes, reflecting a goal by politicians from both parties to erase deficits chiefly by shrinking government." So, if states can do it, why can't the federal government?

Congressional Democrats, for whom a much smaller debt was a big deal when Republican presidents Ronald Reagan and George W. Bush were in the White House, seem unconcerned about debt now that a Democrat is president. Some Democrats, hoping to make Republicans blink, are making noises about another possible government shutdown. Republicans should keep their eyes wide open.



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On the same day Bernanke made his "catastrophic" comment, House Republicans unveiled their plan to cut $32 billion out of the budget for the remainder of this fiscal year. That's short of the $100 billion in cuts promised by Speaker John Boehner before the November election. The Republican Study Committee, a conservative bloc of House members, wants to hold Boehner to his original promise.

Republicans should argue that raising the debt ceiling would pay for the continued implementation of Obamacare, which the latest Rasmussen Reports survey shows 55 percent of Likely Voters want repealed. Public opinion and a dubious legal future offer an opportunity for such a strategy. The Study Committee estimates a savings of $2.5 trillion over 10 years if all of its recommendations are implemented.

Rich Galen, former press secretary for Dan Quayle and former executive director of GOPAC, "a national organization dedicated exclusively to electing Republicans to state and local offices" lists on his blog, Mullings, some of the committee's recommendations and adds a few of his own, including a 15 percent reduction in the number of civilian federal employees, "accomplished by attrition rather than outright firings." Galen proposes, "Only one new employee could be hired for every two who left until the reduction number was met." (This should apply to all branches of government.) Cuts in programs are also warranted, including "cutting out the Hope VI Program, charged with proposing a National Action Plan to eradicate severely distressed public housing, which "will save $250 million per year." Anyone notice such a plan, or the relief of "stress" on public housing?

AMTRAK costs $1.565 billion per year in federal subsidies. Couldn't private enterprise do better?

Galen thinks congressional travel should be cut. Each member, he says, ought to get six trips home per year at public expense. "More than that, they have to use campaign funds." The Republican Study Committee estimates cutting other federal travel would save $7.5 billion.

Ethanol cuts aren't in the GOP plan, but they should be. So should responsible cuts in defense spending. Entire cabinet agencies, like Housing and Urban Development, Education and Energy should be eliminated and any essential work folded into other government agencies. That isn't likely to happen in the short term, but if Republicans stick with the principles that got them elected and demonstrate their plan works, the public might go along with cutting major expenditures, including modernizing and reforming Social Security and Medicare.

There may well be a "catastrophe," as Bernanke predicts, but it is more likely to occur if we don't reduce our spending than if we raise the debt ceiling and keep on spending with borrowed money.


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Cal Thomas Archives

JWR contributor Cal Thomas is co-author with Bob Beckel, a liberal Democratic Party strategist, of "Common Ground: How to Stop the Partisan War That is Destroying America". Comment by clicking here.

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