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News Story
Updated: 10/21/2012 08:00:13AM

Debt leads to repeated political convulsions

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Will George

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Elections supposedly prevent convulsions, serving as safety valves that vent social pressures and enable course corrections. November’s election will either be a prelude to a convulsion or the beginning of a turn away from one.

America’s public-policy dysfunction exists not because democracy isn’t working but because it is. Both parties are sensitive market mechanisms, measuring more than shaping voters’ preferences. The electoral system is a seismograph recording every tremor of public appetite. Today, the differences that divide the public are exceeded by the contradictions within the public’s mind.

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