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Thursday, May 14, 2009

Larry Kudlow believes the Obama health care plan will bankrupt the nation. Actually, if they ever get it passed, it will not bankrupt the nation. In the end, future Presidents and members of Congress will be forced to raise taxes, or cut other expenditures to the bone, or the future bureaucrats who run the health system will cut costs by denying care. In fact, in all probability all of those things will happen.

Nouriel Roubini believes that the Chinese may be on their way to global financial dominance, as the U.S. falls into deeper and deeper debt. History shows that global empires who stop making things, and transform themselves from creditors to debtors, always lose their top status, even if the core nations don't disappear (Spain, Great Britain and Holland all come to mind). The United States has an advantage that those other nations do not, of course, since it is a continental-sized nation.

"Meet the new boss...same as the old boss".

Ralph Peters has this take on the command shakeup in Afghanistan.

Amir Taheri believes we will see a nuclear arms race in the Middle East.

If you do nothing else today, read this piece by Mark Steyn in Imprimis. It is a clarion call for recognizing how we are losing our freedoms here in the West.

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