Robert Samuelson The Withering of the Affluent Society. It is long but well worth the read. I can recall conversations with friends over the years about social security. Not one of us believed we would collect it. These friends were on both sides of the political spectrum.
As it is, the generations are in an undeclared war. Americans in their late forties, fifties, and sixties believe that the contract made with them should be kept. They want their Social Security and Medicare benefits. They are angry when what they thought were career jobs are unexpectedly terminated; corporate buyouts and firings weren’t part of the bargain. Meanwhile, their children and grandchildren are befuddled and frustrated. Their unemployment rates are high, and their wage levels—compared to those of the past—are low. Yet they feel guilty advocating trims to Social Security and Medicare, even when the transfers go from the struggling young to the comfortable old.
2. Nick Gillespie and Veronique de Rugy Congress Isn’t Gridlocked–It’s Just Totally Irresponsible. I agree with most of what they say. There are some Congressman and Senators who are trying. Nobody is perfect.
Simply put, this is no way to run a country. The problem is not gridlock or ideological fervor. The problem is an increasingly irresponsible government that has for far too long been far too easily let off the hook. Whichever party emerges victorious in November, and whatever happens in the lame-duck session, this much is certain: Unless taxpayers begin demanding their president and Congress act responsibly, and do the actual work they were elected to do,“gridlock” will be the least of our problems.
3. I always enjoy reading Dan Mitchell’s blog. He isn’t afraid to take on both sides when it comes to spending.