August 1st, 2011 1:50 pm
Grudging Acceptance, Perhaps, of a Smelly Deal
Here was my take on things, this morning, at The American Spectator.
Short version: I think the debt deal DOES, in effect, protect pretty well against tax hikes, but it does not protect enough against defense cuts of an unwisely large size. But the ultimate fate of defense, and indeed of all of this, will depend on the 2012 elections — and in the meantime, the change in direction of government spending will probably be noticeably helpful. Conservatives have every right to grumble about this result. But wise conservatives will certainly not reject it out of hand. In short, it’s a close call that probably will attract slightly more conservative votes than it will repel.
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