Debt Worries Roil Markets - WSJ.com

OVIOUS CHOICES THAT ARE PART OF THE DEBT DEBATE: Debt Worries Roil Markets - WSJ.com

Medicare needs to be cut.

Let's talk about the alternatives in terms of jobs or keeping Medicare.

This is a jobless recovery in large part because of the economic management of the Democrats. The future under their policies is sufficiently bleak that their only alternative is to follow the same policies that got the Greeks into trouble.

At the end of the day, the Greeks have super austerity or default as a choice.

The same is with the US.

The la-la-land idea that the rich can be tapped to pay for Democratic social spending was basically kaboshed yesterday in an article by Boskin.

We are trading jobs and economic growth for our union-centric, social safety net.

To lie and misrepresent that fact is probably so second-nature to Democrats because they don't believe it.

They clearly see how people act in their private economic lives as different from how they expect the heavily taxed to act in terms of job creation. It's a delusion and a very dangerous belief in something that defies logic.

However, that appears to be the situation.

And, whether the Republicans cave into having to face Greece's economic problems in a few years vs. Obama and the Democrats realizing the downside of their policies - well, it's all up in the air.

But yes, clearly entitlements will have to be cut back. There is so much fat there it boggles the mind (one case would be $50,000 a month drugs to prolong a person's life a few months????, etc.)

We could also stop the drug war - again, something that would gore Republicans - but, I've not seen it even from Ron Paul.