Sen. Harry Reid’s debt reduction plan – endorsed by President Obama last night – includes $1 trillion in “spending cuts” from the planned drawdown of the wars in Iraq and Afghanistan. That’s more than a third of his entire $2.7 trillion proposed savings.
Needless to say, the ratings agencies aren’t delighted by the proposal to count war savings – which were already expected to happen anyway – as spending cuts. Goldman Sachs circled a memo yesterday warning that the war savings plan could lead to a credit downgrade:
Yesterday, Jonathan discussed Israeli concerns the Palestinian Authority’s bid for UN recognition as a state in September might spark a third intifada. But while the PA’s indifference to Israel’s fears might be understandable, its blatant disregard of its own people’s concerns ought to trouble the West.
Last week, The Israel Project released further results of its in-depth survey of Palestinian opinion, conducted by American pollster Stanley Greenberg and the Palestinian Center for Public Opinion via face-to-face interviews with 1,010 Palestinians. The poll’s first section, which focused on Palestinians’ long-term goals, found that 66 percent view a two-state solution as a mere stepping-stone to their ultimate goal of Israel’s eradication. The current section, which focused on near-term goals, found that fully 80 percent of Palestinians listed job creation as one of their two top priorities, far outstripping the second-place choice (healthcare, at 36 percent). By contrast, only 4 percent deemed UN recognition of a Palestinian state a top priority, while only 1percent viewed mass protests against Israel as a priority.