Saturday, April 16, 2011

Woodstock On The Block

The most fateful debate in a generation about the role of the federal government is officially underway, writes Richard W. Stevenson -- and it's all about the expectations of those of us of a certain age:

The aging of the baby boom generation and the costs of maintaining Medicare and Social Security have put the two pillars of the social welfare system on the table for re-examination. The growing weight of the national debt has given urgency to the question of whether the government has become too big and expensive.

The tepid nature of the current economic recovery, following big stimulus packages, has provided an opening to challenge the effectiveness of Keynesianism as the default policy option for government. And the revived energy of grass-roots conservatives has given electoral clout to the movement’s intellectual and constitutional arguments.

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