“It's counterintuitive, but the most divisive arrangement is when the same party controls both Congress and the presidency, a situation encountered in eight of the past 10 years. With government unified under a single party, the minority has the least possible incentive to cooperate with the majority.”
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The debt-ceiling vote isn't about what will be done in the future it is about the integrity of America's commitment to support the bonds we issue. Elected officials have an obligation to maintain that integrity, regardless of whether they voted for the programs that required the borrowing in the first place.
The Internet creates as well as destroys. Social networks, search advertising, and cloud computing are multibillion dollar industries that didn't exist 10 years ago. They are products of the same force that has rendered the Postal Service's core business obsolete.
We will have to continue to improve our human intelligence system-something that was, unfortunately, lacking in the years which led up to September 11. This is going to be a continuing process of change.
Politicians also have a love affair with the 'small business exemption.' Too much paperwork? Too heavy a burden? Not enough time? Just exempt small businesses from the rule. It sounds so pro-growth. Instead it's an admission that the costs of a regulation just can't be justified.
