Debt held by the public will go from $14.1 trillion in 2016 to $14.7 trillion in 2017 and then onto $21.3 trillion in 2026. Under the budget’s very rosy assumptions, deficits, which have already grown from $438 billion in 2015 to $616 billion in 2016, fall to $503 billion in 2017 (how deficits shrink by over $100 billion is a mystery) but they will be up to $741 billion in 2026.
Economies rated “free” or “mostly free” by the 2016 Index of Economic Freedom enjoy incomes that are more than four times higher than the incomes of “repressed” economies. The United States ranks only as “mostly free,” falling short of the “free” category for the seventh consecutive year.
The reasons for the U.S. decline will come as no surprise: bank bailouts, failed stimulus spending, the overzealous regulations of Obamacare and the Dodd-Frank financial reforms, massive deficits, and disruptive interventions in energy markets.
It’s not cowardice to ask for a pause and better screening of refugees from Syria. It’s not cowardice to suggest prioritizing the most vulnerable refugees: the children, the elderly, the families, and yes, those who are being slaughtered because of their faith and gender, over the young single males most prone to terrorism. If we can only give refuge to less than 1 percent of Syrian refugees, why can’t the President offer a commonsense compromise that refuge be given to the most vulnerable?
ISIS has no interest in seeing history repeat itself, but it must believe that the U.S. does not either. Baghdadi has to believe that the U.S. has no appetite for another ground war in the Middle East. That makes an…