Wednesday, August 3, 2011

Structural reform involves principals, not politics, producers, not parasites!

By John Sykes

I keep looking for fairly clear and simple ways to express what needs to happen to actually change the political scene. Holman Jenkins hit it on the head this morning with Another Crisis Wasted, saying:

We know politics is the art of the possible, but one lesson of the debt-ceiling outcome is the folly of "grand bargains" that consist of spending cuts to be defined later or imposed on beneficiaries decades down the road.

We should have learned this when ObamaCare pretended to finance itself with illusory cuts to Medicare. Indeed, numbers are the wrong thing to be arguing about. A crisis is wasted unless it delivers structural reform

Overhauling the basic structure of programs and taxes is far more important than jawboning over future spending levels.

He’s got it, Folks: Structural Reform!

Tony Blankley in Debt Status Quo Triumphs Over Future – Again chimes in in much the same vain with:.

To have a chance at actually changing our future, Washington would have to risk shocking and unpredictable change that might rock, temporarily, the financial prosperity of the nation. The establishment is not ready for that. To wit: Whether to risk radical change now or not is the measure of whether to support the deal…

The establishment needs to start emotionally de-investing in a fast dying status quo and prepare to embrace real change.

So, between the two of them, we’ve got to de-invest in a fast dying status quo, and prepare to embrace real change that involves structural reform.

Our primary problem is that structural reform involves principals, not politics, producers, not parasites!

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