A writer at National Review Online has more on America’s looming debt crisis, and a warning that Washington politicians may have to choose between balanced budgets in the near term and the structural reforms needed to make America solvent in the long term.  Normally, I wouldn’t bet on politicians’ choosing the common good in the future over what makes them look good in the present, but America isn’t dead yet; so here’s hoping.

Just after arguing with a reader about the national debt, I find myself reading a good piece by Mark Steyn (redundant? “a piece by Mark Steyn”?), which includes this excellent and topical paragraph:

[Senate Majority Leader Harry Reid] and too many other Americans seem to be living their version of the old line: If you owe the bank a thousand dollars, you have a problem; if you owe the bank a million dollars, the bank has a problem. America owes the world $14 trillion, so the world has a problem.