Climate summit enters crucial stage. BBC
Grading Obama’s Copenhagen speech. Daniel Stone, Newsweek
Obama’s speech: The Collapse of a Deal? David Corn, Politics Daily. “No deal. Not even a fig leaf.”
Update: The fig leaf. Climate deal announced, but… NYT
Meanwhile, Climategate changes nothing. Michael Mann, Washington Post. Mann says he “cannot condone some things that colleagues of [his] wrote or requested in the emails…” Priceless. As if this scandal has nothing to do with him.
My new column for National Journal looks at the report of the Peterson-Pew Commission on Budget Reform. The report is right, I think, but ducks the hard questions.
The Obama administration has promised that its next budget will confront the long-term fiscal problem, and the commission’s report provides some useful advice. It suggests one possible approach to solving the problem and offers some benchmarks for judging what the administration comes up with in February. But the commission chose not to grapple with the key question of how, precisely, the government can best close the gap between projected spending and revenues.
The United States needs to start discussing specific spending cuts and tax increases. The commission is quite right that both will be required. But the issue will remain abstract and artificial — and, above all, will not be acted on — until real, live, deficit-reducing policies are on the table.
David Broder on the same subject: Dishing out some shock on debt.