This aptly-titled op-ed
by Jon Huntsman in the WSJ today again reinforces the fact that the coming debt crisis is both entirely foreseeable and entirely avoidable if we choose to do what is hard and address our out-of-control deficits, and brings the moral element back into the debate as Huntsman tries to fill the deficit hawk void left by Mitch Daniels. Most interesting, though, is the following line: "This will provide responsible leaders to reduce, reform, and in some cases end...some popular but unaffordable subsidies for agriculture and energy."
More and more presidential candidates including Palin
, Huntsman, and Pawlenty
are coming out against ethanol subsidies. This can be a politically precarious thing to do if someone wants to win in Iowa. This is very good; ethanol subsidies are bad for the economy, are bad for the environment, and certainly don't help with our deficit issues, and I hope more come out against them. Romney came out swinging
in support of the economic pitfall, though, so there is still work to be done.