The Los Angeles Times’s editors write this morning that:
Obama made a compelling case for reform. How it’ll be paid for, though, is another matter.
Compelling, really? How can the president be making a compelling case for his plan unless he is ready to explain how he will pay for it, how much it will cost taxpayers, and whether or not we can afford it? I wonder what my bank you say if I showed up today and told them that I needed a $1 million to buy a new house because I really like big houses in general, and I found a georgeous one, right by my kids’ school, which would make my life easier. I would add that I had been dreaming of this house for decades without ever being able to find anyone to buy it for me. Would they lend it to me if I could not explain how I would pay for it?