WASHINGTON -- As the sun rises in the east, the debt ceiling will be raised. Getting there, however, will be harrowing. Which is a good thing.
WASHINGTON -- Every Arab-Israeli negotiation contains a fundamental asymmetry: Israel gives up land, which is tangible; the Arabs make promises, which are ephemeral.
"I'm going to do my part to lead a constructive and civil debate on these issues."
-- Barack Obama, speech on immigration, El Paso, Texas, May 10.
WASHINGTON -- Five days before his inauguration, President-elect Obama told The Washington Post that entitlement reform could no longer be kicked down the road. He then spent the next two years kicking -- racking up $3 trillion in new debt along the way -- on the grounds that massive temporary deficit spending was necessary to prevent another Great Depression.