Ireland is in a financial mess, and the EU looks at a possible bailout. Irish leaders are reluctant to accept a bailout, perhaps out of wishful thinking. In the end, the bond market will decide.

Daniel J. Mitchell says the world is getting nervous over President Obama's economic prescriptions. Leaders in Germany and the U.K. are following a different path, and the Chinese see another opportunity to knock us down a peg.

Paul Krugman, on the other hand, thinks the real problem with the President is that he is not willing to fight for his beliefs. Liberal ideologues simply cannot accept that there economic prescriptions are wrong and don't work.

Ross Douthat believes that it is the Democrats that are the "party of no" when it comes to deficit reduction.

Robert J. Samuelson believes we can learn a lesson from the ongoing economic stagnation in Japan. Japan is dying. Unless there is a new birth of Japanese identity which would cause young Japanese women to desire marriage and children on a significant scale, there will be no more Japanese by 2100, at least not in Japan.