Some more on where we stand in the wake of the debt deal.
Jeffrey Lord has a piece in The American Spectator which is getting a lot of play, Tipping Point:
Thanks to the Tea Party movement, Conservatism is on the verge of a major victory that dwarfs the technical and actual realities of whatever the details of the resulting deficit deal passed last night. Yes, there is a long, long way to go. But the idea that America doesn’t, in fact, have to be governed for eternity as a debtor nation with a mammoth, out-of-control, ever-expanding government is winning the day.
This is similar to my point this morning that it must be awful to wake up as a Democrat today with the realization that you are on the wrong side of history.
Update: Maybe the tipping point is worldwide. Thanks to reader Joy for the link to this column in The Telegraph in Britain:
Most pundits are crediting this U-turn to the political muscle of the Tea Party and it’s true that President Obama would never have agreed to this deal if the Tea Party Republicans in the House of Representatives hadn’t engaged in the brinkmanship of the past few weeks. But to focus on the Tea Party is to ignore the tectonic political shift that’s taken place, not just in America but across Europe. The majority of citizens in nearly all the world’s most developed countries simply aren’t prepared to tolerate the degree of borrowing required to sustain generous welfare programmes any longer.