David Leonhardt: "One of the country's two political parties has no answer to an enormous economic issue -- the fact that the federal government cannot pay for its obligations. This lack of engagement is a problem, just as it was a problem when Democrats were saying that welfare was working, teachers' unions were always right and stagflation couldn't happen."
"For now, there is little reason to think the Republicans are on the
verge of a Clinton-like reform. But it is hard to see how they can
ultimately stick to their current platform."