Admitting that incentives matter -- to the tune of 2.5 million jobs -- blows a hole in the blanket liberal policy response to joblessness and weak recovery: All these problems are supposed to be due to the lack of demand, which only increased government spending (and higher taxes) can rev up. Only crazies think that incentives give people choices in this matter. Those conservative “voodoo economists” or “uncertainty mongers,” with their talk of structural reform and “getting incentives right” are wasting our time, the Krugmans, Stiglitzs, and Reichs assure us. More government spending raises all boats. That’s all you, John Q. Public, need to know.
Defense Secretary Chuck Hagel's selections for top defense jobs have so consistently been mediocrities, such third-string players intellectually and managerially, that defense experts are now speculating that the White House wants a weak Department of Defense. The shining exception to this rule has been Secretary of the Air Force Deborah Lee James, and her handling of the crisis in the nuclear missile force is a welcome reminder of how important a well-run defense organization is to our country.
Gov. Jerry Browns new school funding plan promises smaller class sizes, but that is more dream than reality at some California districts. Even if teachers want smaller class sizes, districts such as Sacramento City Unified School District say they cant afford them.