The question is whether the Brokest Nation in History is capable of meaningful course correction. On Tuesday, the American people answered that question. The rest of the world will make its dispositions accordingly.
If you add up the total debt — state, local, the works — every man, woman, and child in this country owes 200 grand (which is rather more than the average Greek does). Every American family owes about three-quarters of a million bucks, or about the budget deficit of Liechtenstein, which has the highest GDP per capita in the world. Which means that HRH Prince Hans-Adam II can afford it rather more easily than Bud and Cindy at 27b Elm Street. In 2009, the Democrats became the first government in the history of the planet to establish annual trillion-dollar deficits as a permanent feature of life. Before the end of Obama’s second term, the federal debt alone will hit $20 trillion. That ought to have been the central fact of this election — that Americans are the brokest brokey-broke losers who ever lived, and it’s time to do something about it.
The short version of electoral cycles is as follows: The low-turnout midterms are fought in political terms, and thus Republicans do well and sometimes spectacularly well (1994, 2010); the higher-turnout presidential elections are fought in broader cultural terms, and Republicans do poorly, because they’ve ceded most of the cultural space to the other side. What’s more likely to determine the course of your nation’s destiny? A narrow focus on robocalls in selected Florida and New Hampshire counties every other fall? Or determining how all the great questions are framed from the classroom to the iPod to the movie screen in the 729 days between elections?
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