Quote of the Day

In future years, when they regain political power, conservatives will likely face the difficult task of reforming entitlements while minimizing the social fallout of the citizens who have come to view them as acquired rights. All the more reason to take Western Europe’s lessons on public spending growth seriously: at the moment, it seems that even with plentiful European evidence of the dangers of too much public spending, American policy makers are unwilling to change course, willing to repeat the mistakes of Western European countries while the leaders of these very countries argue in favor of a different course.