The Debt Deal's Biggest Losers

In my new column for The Week I discuss who has lost the most in the new debt deal: The first and most obvious loser: National security. The economist Herb Stein used to advocate a simple model of federal budgeting: a) Decide how much it costs to defend the country. b) Pay for it. …

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Written by David Frum on Thursday August 4, 2011

GOP Message of the Day: Retreat!

The McConnell plan offered Republicans an ingenious exit from the debt-ceiling confrontation, but conservatives in the media are reviling the plan. The McConnell plan offered Republicans an ingenious exit from the debt-ceiling confrontation: the debt ceiling would be raised in exchange for a …

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Written by David Frum on Wednesday July 13, 2011