Capital Journal: Budget Deficit Threatens National Security - WSJ.com
Isn't it clearly a combination of the "can't say no" welfare state, out-of-date retirement ages and benefits (particularly for public employee unions and unions that have legacy contracts), laws that make no sense (such as the anti-drug laws) that cost too much plus have negative international implications, etc.
None of these are really being addressed by the Obama administration and its ultra liberal allies.
The only reason for a business to spend or invest is if there is such an unambiguous and amazing opportunity (can we say 'rare') or a glimmering hope that the Democrats lose so badly in the fall elections that the new Congress has a veto-proof majority in both houses, along with a Republican party that has some guts to say no to spending, a willingness to cutback existing social redistribution programs and a new found financial rectitude they lacked under Bush.
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