4:30 AM
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An op-ed from Glenn Reynolds, at USA Today (via Instapundit):
With trillion dollar deficits as far as the eye can see, and the exploding national debt (which Obama called unconscionable when it was about half as big as it has become under his stewardship) it seems time for a Back To Basics approach. And that's clearly the direction favored by Romney, the turnaround artist who specialized in taking mismanaged entities and making them work. His choice of Ryan simply takes it to a new level. As Internet humorist IowaHawk tweeted on Saturday: "Paul Ryan represents Obama's most horrifying nightmare: Math."

Yes, math. Ryan is the expert on the often Byzantine complexities of the federal budget. His budget proposal last year, though rejected by Democrats in the Senate, represented a serious effort to rein in runaway spending. The only cogent criticism, really, was that it didn't go far enough.

In fact, the math shows our spending is unsustainable. Nothing can save it: Not higher taxes, not lower interest rates on federal borrowing, not financial jiggery-pokery from the Fed. If we continue on this path, the result will be disaster: We'll be Greece, with nuclear weapons.

Romney's selection of Ryan shows that he understands the dire nature of the problem, and that he's serious about addressing it. But it also lays down a marker.

If Americans take the future of their country seriously, they'll reject the Obama approach, which has been disastrous, and elect Romney-Ryan, along with a substantial number of fiscally conservative members of Congress. That will give America a chance to avoid financial ruin.
RTWT.

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