Tragedy or Farce?

by Victor Davis Hanson

Marx’s quip about history repeating itself first as tragedy, then as farce seems especially applicable to today’s news. After going through the entire Joe Wilson/Valerie Plame psychodrama about African yellowcake, we now hear that Zimbabwe plans to sell Iran uranium. For all the anger at Bush’s budget deficits, a single month of Obama’s red ink now equals federal borrowing for the entire 2007 budget year. A better way of looking at it might be in terms of the Democrats’ offer to cut $6 billion from the annual budget — or 1/37th of what the U.S. Treasury is now borrowing each month.

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