The One O’clock Review of the News
Republicans continue to argue about whether the party needs to take steps to prevent the next Christine O’Donnell, Sharron Angle, Todd Akinand Ken Buck, as well as how it might do so.
Those inept and seriously flawed candidates lost races that other Republicans would have won easily.
Now, American Crossroads, the brainchild of Karl Rove and former Republican National Committee Chairman Ed Gillespie, has created a new organization, the Conservative Victory Project, to focus on getting more electable candidates through primaries against uncompromising, tea-party-type conservatives who successfully tap anti-establishment feelings in the GOP grass roots. Click here to continue reading this story.
rskine Bowles and Alan Simpson, the wise men of Washington whose deficit reduction plan has become a frequently-invoked Washington shibboleth over the past two years, are releasing a new plan Tuesday, hoping to split the difference between President Barack Obama and House Republicans.
The new plan from Bowles, a former chief of staff to Bill Clinton, and Simpson, a former GOP senator from Wyoming, would reduce the deficit by $2.4 trillion over the next decade, according to POLITICO’s Playbook. House Republicans want to cut it by $4 trillion, while the White House has set a $1.5 trillion goal. Click here to continue reading this story.
A nation’s choice between spending on military defense and spending on civilian goods has often been posed as “guns versus butter.” But understanding the choices of many nations’ political leaders might be helped by examining the contrast between their runaway spending on pensions while skimping on military defense.
Huge pensions for retired government workers can be found from small municipalities to national governments on both sides of the Atlantic. There is a reason. For elected officials, pensions are virtually the ideal thing to spend money on, politically speaking. Many kinds of spending of the taxpayers’ money win votes from the recipients. But raising taxes to pay for this spending loses votes from the taxpayers. Pensions offer a way out of this dilemma for politicians.
Creating pensions that offer generous retirement benefits wins votes in the present by promising spending in the future. Promises cost nothing in the short run — and elections are held in the short run, long before the pensions are due. Click here to continue reading this story.