The group blog of The New Republic
January 10, 2013
January 9, 2013
Two years ago I was interviewing Tim Geithner when he started ticking off the ways he was poorly suited to being Treasury secretary late in Obama’s first term. Above all, he said, was the fact that the job was increasingly focused on questions of values and ideology—how the government should spend its scarce resources, who should get the shaft and who should pick up the tab—whereas Geithner saw himself as a financial technocrat.
One of the military's biggest threats is from within: its soaring health care costs.
At the heart of our fiscal challenge is a clash between the present and the future, and the future is losing. Intended or not, the top priorities for Republicans and Democrats add up to a relentless squeeze on discretionary spending. That means less for education, less for research, less for infrastructure—the vital public investments that have nourished innovation and growth throughout our history. (It also means less for defense, the topic of a future column.) To go down this path is to imperil our future.