Advancing a Free Society

The Global Fairness Madness

Wednesday, July 20, 2011

Thether in the fights over the U.S. debt limit or the rioting in Athens, the common global theme is not poverty in absolute terms, but more often fairness — as in having about the same amount of things as others do.

Here in America, the months-long impasse over the national-debt ceiling continues. President Bush borrowed nearly $5 trillion in eight years. But President Obama easily trumped even that staggering figure with his plan to borrow over $6 trillion in his first four years in office. The architects of his economic policy — Austan Goolsbee, Peter Orszag, Christina Romer, and Larry Summers — have all resigned, and are now either back in tenured academia, making lots of money in the much-criticized revolving door, or writing op-eds about why the president’s plan isn’t working — or all three.

Continue reading Victor Davis Hanson at National Review Online