On the Right

The question of our budget deficit is assuming extra-economic meaning. In the many discussions of the problem on the weekend talk shows, someone questioned the “morality” of so large a deficit. And of course we are staring at the face of a gargoyle mocking democracy. It is saying: “So you really think the people can govern themselves over a sustained period of time! Harrh, harrh!”

It’s worth reviewing the basic positions taken by the principal players: