By Kevin D. Williamson
Sunday, September 20, 2015
I like Jake Tapper, but I already was ready to punch him
in the ear over the “let’s you and him fight” structure of the debate questions
last week when he abandoned all pretense of adulthood and asked the candidates
what they’d like their Secret Service codenames to be. It was a low,
cringe-inducing moment, and the candidates made it lower and cringier with
their answers. (“Trueheart”? “Justice Never Sleeps”? Ergh.) Marco Rubio just
barely acquitted himself with “Gator,” but the correct answer was: “That’s a
dumb question, Jake, and I am not going to answer it. Now, back to Iran . . .”
Here’s my question, which nobody ever really asks: “Given
that a small number of federal expenditures — Social Security, Medicare,
Medicaid, national security, and interest on the debt — typically constitute
about 80 percent of all federal spending, and given that we not going to cut
non-defense discretionary spending to zero, there is no mathematically
plausible way to balance the budget without: 1) cutting spending on Social
Security, Medicare, Medicaid, and/or national security; and/or 2) raising
taxes. So, what’s it going to be: spending cuts in popular programs, higher
taxes, or deficits forever? And before you give your answer, I’d like you all
to know that standing behind each of you is a man with a Taser and instructions
to use it on the first person whose answer relies on the Growth Fairy — lookin’
at you, Jeb — or the Waste, Fraud, and Abuse Fairy. Go.”
I have had the opportunity to put that question privately
to a fairly large number of Republican grandees, including some on that debate
stage, and I have never received a truly persuasive answer. If any of the 2016
gang would like to provide one, I am sure that National Review would love to
see it.
We conservatives, and the Republican elected officials
who are, lest we forget, our only real channel of political action, play a game
of double make-believe: They’re smart enough to know what the fiscal realities
are, but they’re also smart enough to know that campaigning on those realities
is a loser, and we understand their dilemma and don’t expect actual policies to
look very much like campaign documents, anyway, so everybody ends up pretending
that the choice is between competing non-viable budget plans rather than
between wishful thinking and reality. My friend Larry Kudlow sometimes
wincingly describes the realist school of budget-hawkery as the “eat your
spinach” faction or the “root-canal guys,” and no doubt there is real political
wisdom informing that view.
But Uncle Stupid desperately needs a root canal, and no
amount of wishful thinking or happy talk about self-financing tax cuts is going
to change that.
The Republican “establishment” — if we believe the
rhetoric of the populist Right, it’s a strange sort of “establishment,” one
that excludes any number of sitting senators and governors but includes a
surprisingly large number of quondam theater critics who are not even members
of the Republican party — is in bad odor right now, with the Trumpkin element
and the talk-radio ranters and the rest of the circus-monkey Right up in arms,
as they perpetually are, over a litany of betrayals and compromises, real and
imaginary.
In reality, there is much to be said for the piecemeal,
muddle-through approach of congressional Republicans, who have a majority in
both houses but not a large enough one to override a presidential veto, which
makes inaction their greatest power. In 2011 the Obama-Pelosi-Reid model of
government had federal spending up to nearly a quarter of GDP, a level of
federal spending more typically associated with 1942 or 1946, when Uncle Sam
was engaged in some rather more serious business than subsidizing cowboy-poetry
festivals in Harry Reid’s backyard. After the Republican takeover, that figure
went below 20 percent of GDP, which is still a great deal higher than is ideal
but is within spitting distance of the average federal tax haul. That means that
we have a plausible path to a situation in which federal spending is too high
but the budget is balanced, rather than a situation in which federal spending
is too high and there are persistent deficits. Neither is ideal, but one is
better than the other, and responsible adults cannot ignore that.
That spending reduction (a reduction in GDP terms) has
been driven mainly by the sequester, the one successful policy of recent
vintage and, therefore, the one policy that everybody hates. Jeb Bush
criticized the sequester in the most recent debate, complaining that it
prevents spending, which is, of course, what it is there to do. But valuable as
the sequester is, it isn’t enough.
Chris Christie has proposed a fairly straightforward
policy of means-testing Social Security — reducing benefits when a retired
individual’s non–Social Security income surpasses $80,000 a year and zeroing it
out at the $200,000-a-year mark. (Jeb Bush has pronounced himself open to
means-testing, too.) That isn’t going to balance the budget — it isn’t even
going to bring the entitlements ledger into balance — but it would be a
meaningful, significant step in the right direction. A broad and deep program
of entitlement reform would be a national game-changer, a radical improvement
in the credibility of our public finances. Of course, the populist Right, which
is in the end barely distinguishable from the populist Left, detests Social
Security reform, because it is in reality another welfare-state interest group,
one that has convinced itself that all that extravagant New Deal and Great
Society statism would be just peachy if it weren’t for all the damned dirty
foreigners.
Rand Paul is at heart a fiscal realist, one who insists
that we must “cut spending in all areas,” though he has gone wobbly on military
outlays. And if you read between the stump-speech lines with the right eyes,
you can detect a healthy strain of realism in Ted Cruz, Marco Rubio, Bobby
Jindal, and Scott Walker, with the governors being predictably a bit more
hardheaded than the senators. In contrast, Donald Trump is a disconnected
fantasist; Mike Huckabee is a content-free populist; neither Ben Carson nor
Carly Fiorina has said enough of substance on the subject to make much of a
judgment, though Fiorina has some solid plans on spending a great deal of money
we don’t have building up the military; John Kasich had a good record on the
issue in Congress but thus far in the presidential race refuses to talk about
anything other than tax cuts; Jeb Bush is waiting on a bailout from the Growth
Fairy.
It’s not that economic growth isn’t important; it’s that
there is no magical incantation by which a president may bring it about. Barack
Obama surely wishes that the economy were growing more quickly than it is, too,
the last four quarters averaging an anemic 2.67 percent real growth; in the
first quarter of 2014, the economy actually contracted, threatening a return to
outright recession. Better economic policies should produce better growth, but
that’s a crooked line, and the timeline is unpredictable.
I don’t expect the GOP contenders to campaign on pain,
but I do expect them to sail close enough to the shores of reality that dry
land is always within sight. Instead, the temptation is to proceed as though we
can have massively expanded military spending, tax cuts, no unpopular
entitlement reductions, and a balanced budget.
The Republican who sails under that flag will deserve a
very special codename, one that is unprintable in this space.
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