Real Problem Is the Policy Deficit

Walter Russell Mead, American Interest
After a lot of sturm und drang, the fiscal cliff has been put off for a couple of months. Some modest tax increases, no real spending cuts, and the US lurches forward for another 60 days.It's not a horrible result, and it seems broadly in line with what the voters said in November: they are worried about the deficit, but don't want whacking cuts (or even modest trims) to the entitlement programs that benefit the middle class, and they also don't want whacking cuts to the military budget in what they still perceive as a dangerous world.ellectuals as a group haven't done the…

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