Photo Credit: INFIf you think of the United States of America as a store, its recent decisions and scandals resemble a sale, perhaps a fire sale. Or maybe even a “Going Out of Business” sale.

The list of dramatic markdowns is breathtaking. They include trading away five murderous terrorists for a likely Army deserter, an open invitation to tens of thousands of illegal immigrants to cross the Mexican border, and a decision to recognize the terrorist group Hamas as part of the Palestinian government.

On the home front, environmental regulations will cost thousands of coal miners their jobs and drive up the cost of electricity for millions. The ObamaCare mess is hardly resolved, and the Veterans Affairs scandal keeps getting worse. The acting agency head reported the deaths of 18 more vets who were kept off the official waiting list in Phoenix.

Ticking quietly in the background is the mother of all threats — an Iranian nuclear bomb. That ticking grew louder last week as the ayatollah mocked our nation by standing in front of a banner that proclaimed, “America cannot do a damn thing.”

Technically, he’s wrong. It’s not that we cannot stop the mad mullahs’ march. It’s that President Obama has taken the military option off the table, and without it, Iran has nothing to fear. Our impotence was a choice.
Add to the combustible mix the expansionist moods in Russia and China, and the series of events recalls an observation by the late economist Herb Stein. Speaking in another context, he said that, “If something can’t go on forever, it won’t.” That sums up the current sense of the nation as a whole.

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Photo Credit: TownHallThere’s too much money in politics, right? Lawrence Lessig has a new plan to solve an old problem. He wants to end money’s outsize influence on the political process, which subverts democracy and drowns out the masses to do the bidding of the well-to-do few. Most people are taking issue with his method of attack, which is (and I am not making this up) injecting more money from rich old white guys to drown out the money from the other old rich white guys.

But rather than take issue with his solution, let’s talk about what he gets right. A Princeton study has confirmed our suspicions that “rich people and organizations representing business interests have a powerful grip on U.S. government policy.”

Perhaps not shockingly, the wealthy hold different policy positions than the poor. But whereas rich people regularly find their policy preferences enacted into law, poor people do not. “Indeed, the opinions of lower-income groups, and the interest groups that represent them, appear to have little or no independent impact on policy.” Your vote matters. Unless you’re poor, in which case, not so much.

Enter campaign finance reform. The theory goes like this. First, rich people fund political campaigns. Generally the better funded campaign ends up winning. So money buys elections and rich people get what they want. We’re good on the first part. But the theory falls apart when it says that money always wins. It sounds right, but doesn’t stand up to scrutiny.

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