This be the argument in support of spending cuts, or the first part of it:

White House press secretary Jay Carney said Republicans should not “play chicken with the economy.” The administration wants a prompt vote to raise the federal debt ceiling quickly. Carney went on to say, “The consequences of not raising the debt ceiling would be Armageddon-like in terms of the economy.”

But then again, if the federal debt limit keeps getting raised without any real new spending-limitation rules, Armageddon for the economy may come just as quickly. . .

Thus Larry Kudlow, as good a guru as any in this matter.

more more more here

The second part being expected revenues increase because of lower tax rates . . . .

Uh-oh. When you put it that way . . .

How can the church claim to act in the best interest of children while paying for the defense of one its priests who, according to the grand jury report, “has put literally thousands of children at risk of sexual abuse by placing them in the care of known child molesters”?

From the auld sod has come wisdom:

What we are experiencing in the United States is the difficulty that Archbishop Diarmuid Martin of Dublin, Ireland, described: “to bring an institution around to the conviction that the truth must be told.”

Each and every time local district attorney’s offices examine the church’s behavior — in Boston, in Manchester, N.H., in Long Island, N.Y., and elsewhere — they find that public relations and protection from criminal and civil penalties trump reconciliation and truth-telling at every turn. Philadelphia is an example, not an exception or aberration.

More from Archbishop Martin in Milwaukee:

All institutions have an innate tendency to protect themselves and to hide their dirty laundry, said Martin, who became archbishop of Dublin in 2004. We have to learn that the truth has a power to set free which half-truths do not have.

The bigger the ship, the harder to make it change course.

This I don’t get.

Bad year for U.S. church.