Here are highlights from today’s opinion and editorial columns.
WHO’S SERIOUS NOW BY PAUL KRUGMAN
NEW YORK TIMES
Mr. Obama’s plan already relies more on spending cuts than it should, and moving it significantly in the G.O.P.’s direction would produce something unworkable and unacceptable. What happened over the past two weeks, then, was more about staking out positions than about enacting policies. On one side you had a combination of mean-spiritedness and fantasy; on the other you had a reaffirmation of American compassion and community, coupled with fairly realistic numbers. Which would you choose?
AN UNDEMOCRATIC BAILOUT
NEW YORK TIMES EDITORIAL
Lisbon appears to have the funds it needs to meet a $7 billion debt-service payment coming due on Friday. While it does not have the money to meet a $10 billion payment on June 15, the European Union could provide short-term financing — with few strings attached — until a definitive deal could be negotiated with the new government. That is the best hope of coming up with a deal that Portugal’s new government and its voters can support — and one creditors will trust.
A BUDGET FOR THE 21ST CENTURY BY PAUL RYAN
House Republicans are fighting to prevent this. Our budget offers a compassionate and optimistic contrast to a future of health-care rationing and unbearably high taxes. We lift the crushing burden of debt, repair the safety net, make America’s tax system fair and competitive, and ensure that our health and retirement programs have a strong and lasting future. These issues are too important to leave to the politics of the past. If President Obama won’t lead, we will.