ANOTHER E-BOOM ENDS

Ecstasy is falling rapidly in price and popularity in Britain, where it was recently ubiquitous. No addicts can be found.

LOST IN SPACE: Thanks for all your emails. I guess I should say I have no problem in principle with government-funded space exploration. But the full costs of this will explode in a decade or so, at exactly the same time that social security is cratering and Medicare is going bankrupt. If the president were proposing means-testing social security, raising the retirement age, restraining Medicare growth, ending subsidies for big agriculture and tackling corporate welfare, I’d be happy to go along with a new space program. But we don’t even have a sign that the president even intends to deal with any of this – in fact he has added vast new future liabilities in three short years. The word for that is irresponsible. I think you can defend his fiscal record in the last three years as a function of war and near-depression. But we can now see what he believes in. He has a Congress of the same party. He has to be held accountable for what is being done to the federal budget. He is a more extreme fiscal liberal than anyone we’ve seen since LBJ.