The Iran Nuclear Deal and the Price of Raising False Hopes

US Secretary of State John Kerry shares a moment with his Iranian counterpart, Mohammed Javad Zarif, after concluding an agreement for relaxed sanctions and renewed talks.  [Credit: BBC]

US Sec­re­tary of State John Ker­ry shares a moment with his Iran­ian coun­ter­part, Mohammed Javad Zarif, after con­clud­ing an agree­ment for relaxed sanc­tions and renewed talks. [Cred­it: BBC]

Iran, World Pow­ers Reach His­toric Nuclear Deal. – Wash­ing­ton Post 

“What was agreed last night in Gene­va is not a his­toric agree­ment, it is a his­toric mis­take.” — Israeli Prime Min­is­ter Ben­jamin Netanyahu

The irre­sistible ten­den­cy of gov­ern­ment to over­sell its achieve­ments was on dis­play in this past weekend’s announce­ments of an agree­ment between Iran and the so-called G5+1 – the five per­ma­nent mem­bers of the UN Secu­ri­ty Coun­cil and Germany.

News out­lets the world over her­ald­ed the Iran nuclear deal as “his­toric.”  Its crit­ics called it his­toric fol­ly.  Review­ing the agree­ment, it appears that both sides are exag­ger­at­ing. It nei­ther sets back Iran’s capac­i­ty to devel­op nuclear weapons nor facil­i­tates their devel­op­ment. Con­tin­ue read­ing →

A‑Rod Is Right: Put Selig Under Oath

Alex Rodriguez wants Bud Selig to answer questions about his role in baseball's long-running steroid scandal. [Credit: philly.com]

Alex Rodriguez wants Bud Selig to answer ques­tions about his role in base­bal­l’s long-run­ning steroid scan­dal. [Cred­it: philly.com]

Alex Rodriguez has a point.

The Yan­kee third base­man, who is appeal­ing his 211-game sus­pen­sion for sus­pect­ed use of per­for­mance-enhanc­ing sub­stances, stormed out of an arbi­tra­tion hear­ing last week and onto a New York sports radio pro­gram, where he deliv­ered a ram­bling, self-serv­ing and emo­tion­al screed against the pro­ceed­ings and the man who ordered his sus­pen­sion, Major League Base­ball Com­mis­sion­er Allan Huber (Bud) Selig. A‑Rod is angry that Selig did not appear at the pro­ceed­ings and go under oath.

A‑Rod is right about one thing: Bud Selig has a lot of explain­ing to do. Con­tin­ue read­ing →

Could A Wealth Tax Solve the Problem of Government Debt?

A recent IMF report suggests that this man's enormous wealth might help resolve the government's debt problem. [Credit: NY Post]

A recent IMF report sug­gests that this man’s enor­mous wealth might help resolve the gov­ern­men­t’s debt prob­lem. [Cred­it: NY Post]

The Inter­na­tion­al Mon­e­tary Fund (IMF) recent­ly report­ed that Euro­pean gov­ern­ments could reduce their debt back to pre-Great Reces­sion lev­els by con­fis­cat­ing 10 per­cent of the wealth held by their rich­est cit­i­zens. IMF isn’t rec­om­mend­ing that, of course.

They’re just sayin’. Con­tin­ue read­ing →

Obamacare Bipartisanship: You Probably Can’t Keep Your Coverage

President Obama had another stressful week.  But not nearly as stressful as millions will experience when they find that they still can't keep their health coverage.  [Credit: Dr. Lillian Glass Body Language Blog]

Pres­i­dent Oba­ma had anoth­er week of stress.  But not near­ly as much stress as mil­lions will expe­ri­ence when they find that they still can’t keep their health cov­er­age. [Cred­it: Dr. Lil­lian Glass Body Lan­guage Blog]

Wash­ing­ton has at last arrived at a bipar­ti­san con­sen­sus on what to do about the mil­lions of peo­ple whose insur­ance poli­cies are being can­celed because of Oba­macare: not near­ly enough. Con­tin­ue read­ing →

Do You Believe In Government Conspiracies?

Secretary of State John Kerry last week offered up his theory on the Kennedy assassination, joining the many of Americans who subscribe to conspiracy theories. [Credit: The Guardian]

Sec­re­tary of State John Ker­ry last week offered up his thoughts on the Kennedy assas­si­na­tion, join­ing many Amer­i­cans who sub­scribe to con­spir­a­cy the­o­ries. [Cred­it: The Guardian]

“Mod­ern diplo­mats approach every prob­lem with an open mouth.” — Arthur J. Gold­berg, for­mer Labor Sec­re­tary, Supreme Court Jus­tice, and UN Ambassador

If Gold­berg is right, then there is no more mod­ern a diplo­mat than our chat­ty Sec­re­tary of State, John Ker­ry. Ker­ry last week mused aloud on the Kennedy assas­si­na­tion dur­ing his inter­view with for­mer net­work news­read­er Tom Brokaw. “To this day,” Ker­ry said, “I have seri­ous doubts that Lee Har­vey Oswald act­ed alone.” Con­tin­ue read­ing →

The Cuccinelli Era Is Over

Ken Cuccinelli fell short last night in his bid to become Governor of Virginia.  Is the GOP mature enough to accept defeat and find a new way forward? [Credit: Huffington Post]

Ken Cuc­cinel­li fell short last night in his bid to become Gov­er­nor of Vir­ginia. Is the GOP mature enough to accept defeat and find a new way for­ward? [Cred­it: Huff­in­g­ton Post]

Chris Christie and Ter­ry McAu­li­ffe were both sup­posed to win big in their guber­na­to­r­i­al bids. Christie did; McAu­li­ffe didn’t. And that presents Con­gres­sion­al Repub­li­cans with a gen­uine oppor­tu­ni­ty to make crit­i­cal changes to the President’s health care law. If they don’t squan­der it. Con­tin­ue read­ing →

It’s Hard To Say No In That Fair Land of the Si’

It's been a rough year for Italy's Silvio Berlusconi, who narrowly lost an election and was convicted of a crime that may result in his expulsion from the Senate.  [Credit: Getty images]

It’s been a rough year for Italy’s Sil­vio Berlus­coni, whose par­ty nar­row­ly lost an elec­tion and who was him­self con­vict­ed of a crime that may result in his expul­sion from the Sen­ate. [Cred­it: Get­ty Images]

“Ah, Pisa , you the scan­dal of the peo­ples of that fair land where si’ is heard.”

– Dante

Washington’s flir­ta­tion with default engen­dered end­less hand-wring­ing about the par­lous state of our polit­i­cal sys­tem. But by Ital­ian stan­dards, Con­gress and the Pres­i­dent are doing just fine.

Last month, while GOP “defund Oba­macare” vig­i­lantes near­ly caused the mas­sive spend­ing and bor­row­ing machine that is our fed­er­al gov­ern­ment to seize up, Italy’s gov­ern­ment served up a sump­tu­ous feast of dys­func­tion, replete with sex scan­dals, res­ig­na­tions of cab­i­net min­is­ters, and an abortive attempt to top­ple a gov­ern­ment inca­pable of gov­ern­ing. Con­tin­ue read­ing →

Blaming Insurers: Why Valerie Jarrett is Wrong

Valerie Jarrett last night blamed insurers for cancelling policies. But it was the Administration itself that broke the President's promise to let people keep the coverage they like. (Credit: justpiper.com)

Valerie Jar­rett last night blamed insur­ers for can­celling poli­cies. But it was the Admin­is­tra­tion itself that broke the Pres­i­den­t’s promise to let peo­ple keep the cov­er­age they like. (Cred­it: justpiper.com)

Valerie Jar­rett last night sent the fol­low­ing tweet: “FACT: Noth­ing in #Oba­macare forces peo­ple out of their health plans. No change is required unless insur­ance com­pa­nies change exist­ing plans.”

Jarrett’s tweet sig­nals that the White House is now blam­ing insur­ers for can­celling cov­er­age for hun­dreds of thou­sands — and per­haps mil­lions — of Amer­i­cans. This is utter­ly men­da­cious. The text of Oba­macare, as Jar­rett sug­gests, explic­it­ly gives peo­ple the right to keep their exist­ing cov­er­age. But in an inex­plic­a­ble action, the Admin­is­tra­tion in 2010 issued a reg­u­la­tion that stripped peo­ple of that right and made it ille­gal for many insur­ers to renew cov­er­age for next year. Con­tin­ue read­ing →

More Than A Website: Will Insurers Prosper Under Obamacare?

The Bee Gees' "More Than A Woman" was a 70s sensation.  In promoting his health care law, the President now has a similar mantra: "More Than A Website."  (Credit: AP)

The Bee Gees’ “More Than A Woman” was a 70s sen­sa­tion. In pro­mot­ing his health care law, the Pres­i­dent has adopt­ed a sim­i­lar phrase, remind­ing us that Oba­macare is more than a web­site. (Cred­it: AP)

The Pres­i­den­t’s health care law has had a trou­bled first month, but it is far too soon to know whether its prob­lems will prove last­ing and severe.  Even some of its most fer­vent sup­port­ers, like the Wash­ing­ton Post’s Ezra Klein, acknowl­edge that its defi­cien­cies run deep­er than a clunky web­site.  Oba­macare, the Pres­i­dent reminds us, is more than a web­site, but its prob­lems extend far beyond its 5 mil­lion lines of errant code. Con­tin­ue read­ing →

In Washington, All Is Well

The faces of Congressional leaders are hardly etched with joy, but they did manage to avert a fiscal crisis, even if only for a few months. [Credit: Bloomberg]

The faces of Con­gres­sion­al lead­ers are hard­ly etched with joy, but they did man­age to avert a fis­cal cri­sis, even if only for a few months. [Cred­it: Bloomberg]

Octo­ber 16, 2013, 6:00 am

All is well in Wash­ing­ton. The gov­ern­ment is spend­ing and bor­row­ing again. Con­tin­ue read­ing →