May 11, 2012
Your recent editorial on European elections states that "the real lesson to be drawn from the rise ofFrance's Francois Hollande and others is that many in Europe are fed up with austerity measures" ("Rejecting austerity," May 9). Contrary to that assertion, the real lesson to be drawn from the European debt crisis is that a country cannot afford to be so deeply in debt that its prospective creditors are in a position to demand onerous loan covenants that are politically untenable.
January 8, 1991
ANNAPOLIS -- Gov. William Donald Schaefer, beset by tough economic times, won't be wining, dining and dancing with 900 invited guests to celebrate his second inauguration Jan. 16.Austerity is the byword. And the four post-inaugural receptions have been canceled.The inaugural committee mailed 16,000 invitations to public officials, Mr. Schaefer's friends and supporters of his political campaign. About 2,500 people are expected to attend the outdoor ceremony. But there'll be no parties for the select 900.It's just one more example of what Paul E. Schurick, the governor's press secretary, said will be a "low-key, austere and very, very traditional" inauguration.
October 14, 2010
"A politician is worth nothing if he cannot invent some interesting and unimportant issues to divert the eyes of the populace from the problems actually involved. " That quote is from the philosopher Will Durant in his essay, "Is Democracy a Failure?" It gets to the heart of the difficulties facing our politicians in the early 21st Century. An ever-increasing percentage of the people politicians represent and govern are aware of the "problems actually involved. " Their living standards are deteriorating.
January 17, 1994
In his annual "state of the judiciary" remarks, Chief Justice William Rehnquist warned that things must change in what he foresees as an era of "austerity." He believes future federal budgets are going to be less generous to his branch of government than has been true in the past.Given that many federal courts have overloaded dockets, this is not a promising prospect. Justice delayed is justice denied, as the saying goes, and if resources for the judiciary shrink or remain the same, there are likely to be even greater delays.
May 8, 2012
The economic and political tumult in Europe has continued this week with anti-incumbent votes in France and Greece as well as signs of disaffection in Italy, Great Britain and Germany. The electorate is angry, and the election results have raised renewed concerns about whether Europe's most debt-burdened countries will stick with their quest toward fiscal discipline. On this side of the Atlantic, it's tempting to view the uproar in purely parochial terms - out of concern that the U.S. economy will continue to be encumbered by the eurozone crisis.
October 2, 1992
So H. Ross Perot is belatedly a candidate for president with only a month and a day until voters go to the polls. Barring the greatest turnaround in public sentiment in all the annals of politics, he stands no chance to win. At mid-year, the Texas billionaire was a real contender, often edging the two major-party candidates in three-way opinion heats. Now, according to the latest samplings, he is down to single digits, a hero mainly to volunteers who put him on the ballot in all 50 states despite their disappointment over his July withdrawal.