Bad news, good news--
Jenkins: None Dare Call It Default - WSJ.com: " . . . Under the Paul Ryan plan, the affluent would pay more. Under the Obama plan, the affluent would flee Medicare to escape the waiting lists, shortages and deteriorating quality as Washington economizes by ratcheting down reimbursements to doctors and hospitals. Don't call either default. You don't have a legally enforceable right to the free care you imagined you were promised. "Don't worry" was President Obama's implicit message during the campaign: If cutting subsidies for Big Bird is unthinkable, a joke, how much more so cutting benefits for middle-class voters? Don't go running to a judge when this doesn't pan out. The courts do not overrule changes in government policy just because citizens find their promised free lunch isn't forthcoming. Nor will it be fruitful to appeal to politicians' sense of "fairness." Politicians can be relied on to do what will get them re-elected. And, believe it or not, that is the good news. . . "
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China’s Balloon Dispute Aims Attention at Xi’s Leadership - The flap with the United States raises concerns about how China wields its power in a climate where one wrong move could set off an accidental conflict.
50 minutes ago