Quick hits...

California Senate: Boxer 43%, Campbell 41%


Incumbent Democrat Barbara Boxer is now in a virtual dead heat with former Congressman Tom Campbell in California's U.S. Senate race. The latest Rasmussen Reports telephone survey of likely voters in the state finds Boxer leading Campbell 43% to 41%. Six percent (6%) prefer some other candidate, and 10% are undecided.
 
 
Is Now Really the Time To Create a New $2.5 Trillion Entitlement?
 
In theory, the federal government has $2.5 trillion stashed away in a nondescript office building in the sleepy little town of Parkersburg, West Virginia. That is where the Treasury Department keeps stacks of nonnegotiable Treasury bonds payable to the Social Security Administration. But as the Associated Press reported yesterday, for the first time since the 1980s, the federal government will not be adding to that stack. Thanks to an aging population and slow economy, Social Security will pay out $29 billion more this year than it takes in. And the Congressional Budget Office reports that after small surpluses in 2014 and 2015, the program is projected to be in the red from 2016 until forever.


Obama runs out of patience with Israel

The Israeli Prime Minister Benjamin Netanyahu yesterday strongly defended Jewish settlement construction in East Jerusalem in the face of US pressure and what one of his own top diplomats described as the worst crisis in relations with Washington for more than three decades.

A defiant Mr Netanyahu appeared to be digging in despite clear indications that the Obama administration is now demanding the scrapping of plans for 1,600 new Jewish homes, whose announcement overshadowed last week's visit to Israel by the US Vice-President Joe Biden. Mr Netanyahu's stance appeared to guarantee, after a highly charged week, the protraction of a stand-off in which a full-scale diplomatic row blew up at the start of Mr Biden's visit and appeared to abate at the end of it. But it was then reignited by demands from Hillary Clinton and an angry White House that Israel make amends for the "insulting" announcement just as indirect negotiations with the Palestinians had finally been arranged.


Pelosi: 'Once we kick through this door,' more reform will follow

If you have any doubt that the Democratic leadership of the House views passing the current health care reform bill as the beginning, not the end, of the process of creating a national government health care system, just note what Speaker Nancy Pelosi told a group of bloggers on Monday. "My biggest fight has been between those who wanted to do something incremental and those who wanted to do something comprehensive," Pelosi said, according to an account by Washington Post reform advocate Ezra Klein. "We won that fight, and once we kick through this door, there'll be more legislation to follow."



Charter Schools and Student Performance
On Saturday, President Obama delivered a radio address on education and he didn't shrink from saying that American high school students are trailing international averages. He sketched out details of a bill his administration is now pushing to revise the No Child Left Behind Act. He proposes to preserve testing requirements but create a better measuring stick, require teachers be evaluated by performance (not credentials), and use carrots instead of sticks to encourage progress....

Yet few doubt that public schools today are troubled, as the president noted on Saturday. What the president left out is that the performance of American high school students has hardly budged over the past 40 years, while the per-pupil cost of operating the schools they attend has increased threefold in real dollar terms. If school districts were firms operating in the market place, many would quickly fall victim to Schumpeter's law of creative destruction.