Is a U.S. Default Inevitable?


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By Patrick J. Buchanan As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Lindsey had committed candor, and the stunned Bushites came down on him with both feet. “Baloney,” said Donald Rumsfeld. The […]

Obama’s Dilemma — and Ours


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By Patrick J. Buchanan Seventy-one years ago this spring, after the German army had broken through the French lines, British Prime Minister Winston Churchill flew to France to consult his embattled allies on how to stop the advance. “Where is the strategic reserve?” Churchill urgently asked the French commander in chief, Gen. Maurice Gamelin, and […]

Obama in a Dream World


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By Patrick J. Buchanan At the G-8 summit in Deauville, France, the news was dramatic, delivered by Nicolas Sarkozy of France and Barack Obama. To sustain the Arab Spring, America, Europe and Japan will provide $40 billion in fresh foreign aid for Arab nations that take the democratic path. The $40 billion breaks down thus: […]

What Must We Defend?


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By Patrick J. Buchanan “We need to be honest with the president, with the Congress, with the American people” about the consequences of cutting the defense budget, said Secretary of Defense Robert Gates in his valedictory policy address to the American Enterprise Institute. “(A) smaller military, no matter how superb, will be able to go […]

Obama Blows up the Bridge


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By Patrick J. Buchanan “Rather than building bridges, he’s poisoning wells,” said Rep. Paul Ryan, after listening to Barack Obama’s scathing attack on his deficit reduction plan as a shredding of America’s social contract with the elderly and poor. Ryan is right. Yet, with Obama’s partisan savagery, virtually calling the GOP plan immoral, we have […]

Sputnik Moment — or GM Moment?


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By Patrick J. Buchanan What America was to the world in 1950, General Motors was to the nation. It was the largest and most successful company with the largest number of employees. It paid the highest wages and contributed more in taxes than any other company. During World War II, no company had contributed more […]

Is a Bond Crisis Inevitable?


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By Patrick J. Buchanan With Christmas shoppers out in force and the stock market surging to a two-year high, talk is spreading that the long-awaited recovery is at hand. Perhaps. But gleaning the news from Europe and Asia as U.S. cities, states and the federal government sink into debt, it is difficult to believe a […]