Grover Norquist writes about the legacy of Ronald Reagan:
Is the modern Republican Party still the Reagan Republican Party?
The answer is yes, and it will be for the next 50 years. But the question is worth exploring.
Judge Glock writes about the debt-limit fight:
Congressional battles over the U.S. debt limit allow the press to indulge apocalyptic fantasies. Some claim that a delay in raising the debt limit could cause a “global economic collapse” or would be equivalent to a “nuclear war.”
Yet the U.S. has been engaging in heated debt-limit battles for decades, and, far from sowing economic chaos, such battles have been one of the few things that have helped rein in deficits. While a temporary delay in payments would be unambiguously bad, it would not be the end of the global economy. The greater threats to the economy are the proposals to ignore the debt limit and the ever-growing burden of federal debt itself.