The Corner

Krauthammer’s Take

From Thursday night’s Fox News All-Stars.

On which side won in the tax cut deal:

I think it’s a win for the president…He’s getting $1 trillion stimulus, a stimulus he could never have gotten a month after an election that was run on smaller government and less debt.

On the idea that because these are mostly tax extensions and mostly not the government’s money in the first place, they do not incur real costs to the government.

In that case, you can abolish all taxes and say it’s not a cost. Of course it’s a cost.

And the bond markets have spoken. Forget about what I’m arguing. On the day that the compromise was announced, which will increase the debt over the next two years by roughly $1 trillion, you had the largest drop in the price of bonds since the Lehman collapse in September of ‘08, meaning the markets are looking at this and saying: Here is the United States that supposedly on Election Day had a national consensus against expansion of government and debt, and supposedly a month later had a debt commission which had a lot of support for cutting our debt, and then all of a sudden, out of the blue, [the United States] announced an enormous stimulus that Republicans and Democrats are supporting — and the bonds dropped. That is a loss of confidence in the ability of America to control its debt.

On the wisdom of the McConnell-Obama compromise:

I would have let the Bush tax cuts continue for a short time until you get radical tax reform as advocated by the [presidential debt] commission. We would then have lower rates and eliminate loopholes.

But all the other stuff, two-thirds of that $1 trillion is outside of the Bush cuts and it is completely gratuitous…

NRO Staff — Members of the National Review Online editorial and operational teams are included under the umbrella “NR Staff.”

Most Popular

Law & the Courts

Obstruction Confusions

In his Lawfare critique of one of my several columns about the purported obstruction case against President Trump, Gabriel Schoenfeld loses me — as I suspect he will lose others — when he says of himself, “I do not think I am Trump-deranged.” Gabe graciously expresses fondness for me, and the feeling is ... Read More
Politics & Policy

Students’ Anti-Gun Views

Are children innocents or are they leaders? Are teenagers fully autonomous decision-makers, or are they lumps of mental clay, still being molded by unfolding brain development? The Left seems to have a particularly hard time deciding these days. Take, for example, the high-school students from Parkland, ... Read More
PC Culture

Kill Chic

We live in a society in which gratuitous violence is the trademark of video games, movies, and popular music. Kill this, shoot that in repugnant detail becomes a race to the visual and spoken bottom. We have gone from Sam Peckinpah’s realistic portrayal of violent death to a gory ritual of metal ripping ... Read More
Elections

Romney Is a Misfit for America

Mitt’s back. The former governor of Massachusetts and occasional native son of Michigan has a new persona: Mr. Utah. He’s going to bring Utah conservatism to the whole Republican party and to the country at large. Wholesome, efficient, industrious, faithful. “Utah has a lot to teach the politicians in ... Read More
Law & the Courts

What the Second Amendment Means Today

The horrifying school massacre in Parkland, Fla., has prompted another national debate about guns. Unfortunately, it seems that these conversations are never terribly constructive — they are too often dominated by screeching extremists on both sides of the aisle and armchair pundits who offer sweeping opinions ... Read More
U.S.

Fire the FBI Chief

American government is supposed to look and sound like George Washington. What it actually looks and sounds like is Henry Hill from Goodfellas: bad suit, hand out, intoning the eternal mantra: “F*** you, pay me.” American government mostly works by interposition, standing between us, the free people at ... Read More
Film & TV

Black Panther’s Circle of Hype

The Marvel Cinematic Universe (MCU) first infantilizes its audience, then banalizes it, and, finally, controls it through marketing. This commercial strategy, geared toward adolescents of all ages, resembles the Democratic party’s political manipulation of black Americans, targeting that audience through its ... Read More