MATT WELCH ON Deficit Denialist Democrats at the DNC. “In this idyllic landscape of Democratic magical thinking, there is no state and local budget crises, no unaffordable and underfunded defined-benefit public pension obligations, nothing at all standing in the way of ‘investing’ in our public safety, except (in ex-Republican Stern’s words) ‘right-wing extremists.’ Vallejo, California is not bankrupt because of public employee pensions, and the rest of the state is not following suit. It’s a hell of a place, this Democrat-land. Wish I could live there. . . . One of the great ironies of this convention already is that speaker after speaker denounces Republicans for being unable to tell the truth or get their facts straight. Meanwhile, one of the most important truths of modern governance—we are well and truly out of money—sits neglected in the corner.”
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