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from The Great Debate:

Obama’s key nuclear deal with Russia

President Barack Obama recently unveiled in Berlin a new proposal to have the United States and Russia reduce their long-range deployed nuclear weapons by roughly one-third, relative to levels under the 2010 New Strategic Arms Reduction Treaty (New START).

Arms control skeptics swiftly attacked his plan. They asserted that reducing deployed U.S and Russian strategic warheads to about 1,000 each would risk U.S. and allied security -- especially when other countries are now modernizing their nuclear forces. They also claim that Russia will not take up the offer.

These critics, however, fail to make a persuasive case that Obama’s proposed cuts go too far. In fact, 1,000 deployed strategic warheads is a solid proposal. The case is compelling:

First, this strategic nuclear force allows Washington to retain a robust, reliable and even redundant nuclear deterrent. It is hard to imagine, even in the most Strangelovian war fighting scenario, that more than tens of nuclear warheads would ever wisely be employed against an adversary.

from The Great Debate:

D.C. scandals: They had Nixon ‘to kick around’

President Richard Nixon at a White House press conference during the Watergate scandal. REUTERS/Courtesy Nixon Library

The profusion of scandals bedeviling the Obama administration has evoked many comparisons with other presidencies -- particularly Richard M. Nixon. There is no evidence, however, of serious skulduggery by White House officials or members of the re-election campaign, as in the Nixon administration. More important, America’s over-excited and enticed puritanical conscience has not been mobilized to impute what Kafka called “nameless crimes” to the president as there was with Nixon.

from The Great Debate:

Student loans: Exploiting America’s young

President Barack Obama talks about the rising costs of student loans while at the University of Iowa in Iowa City, April 25, 2012. REUTERS/Larry Downing

Obamacare was paid for on the backs of students.

You may remember that Obamacare staggered over the legislative finish line in 2010 with $19 billion in profits from changes to the student loan program. The changes included nationalizing federal student lending and setting loan interest rates high enough to generate profits to cover the healthcare costs.

from Reihan Salam:

Carbon isn’t just America’s problem

Canada has 35 million people. Africa has just over 1 billion. But rather remarkably, Canada consumes about as much energy as all of Africa, according to Robert Bryce, a senior fellow at the Manhattan Institute and author of Power Hungry, a provocative look at the global energy industry. As African economies grow, however, it is a safe bet that African energy consumption will grow with it, just as energy consumption has increased in China and India and around the world as hundreds of millions have escaped poverty. And that is the key challenge facing those who hope to do something about carbon emissions, including President Obama.

Despite the fact that less than a third of U.S. voters believe that climate policy ought to be a high priority, according to a Pew survey conducted in January, the president gave a sweeping climate policy address earlier this week. During the 2012 presidential election, Mitt Romney tried to gain traction by claiming that the Obama administration was waging a “war on coal,” a charge the president and his allies adamantly rejected. Yet there is no denying that President Obama has backed regulations that are making it more expensive to extract and burn coal, as Juliet Eilperin recently documented in the Washington Post. The really new development this week is that while the president had been working to make new coal plants unviable, he is now seeking to impose regulations on existing coal plants that will either lead to steep penalty payments or force premature shutdowns.

from The Great Debate:

Why D.C. is wrong to discredit Iran’s new president

America finds itself exactly where Iran was four years ago. Back then, America had just elected a new, articulate president who offered hope and promised a new approach to the world and Iran. His election was a direct rejection of the foreign policy of his predecessor, President George W. Bush, whose favorite tools of statecraft appeared to be military force and confrontational rhetoric.

The question Iran grappled with in 2009 was whether this new president -- Barack Obama -- really represented change or if it was merely an act of electoral deception.

from The Great Debate:

The cost of America’s first black president

President Barack Obama addresses supporters at his election night victory rally in Chicago, Nov. 7, 2012. REUTERS/Adrees Latif

Barack Obama, America’s first black president, can be credited with many milestones -- a comprehensive federal healthcare bill, taking down the world’s most wanted terrorist, signing the Fair Pay Act for gender pay equality, to name a few.

from The Great Debate:

NSA as ‘Big Brother’? Not even close

Reader holding a copy of George Orwell's 1984, June 9, 2013.  REUTERS/Toby Melville

When the Guardian and the Washington Post revealed details about the National Security Agency collecting phone data from telecommunications companies and U.S. government programs pulling in emails and photographs from internet businesses, suddenly “George Orwell” was leading the news.

from The Great Debate:

Obama signals global shift on climate change

President Barack Obama rolls up his shirt sleeve before speaking about his vision to reduce carbon pollution at Georgetown University in Washington, June 25, 2013. REUTERS/Larry Downing  

President Barack Obama unveiled his national plan Tuesday to “reduce carbon pollution and lead global efforts to fight” climate change. He intends to rely heavily on executive actions rather than seeking congressional legislation.

from The Great Debate:

Why Obama must prevail for a ‘grand bargain’

President Barack Obama and House Speaker John Boehner (R-Ohio) (R) in Washington, Mar. 19, 2013. REUTERS/Gary Cameron

It's been a while since we've had good news about our economy, so the recent upbeat reports are welcome. The deficit picture for 2013 has brightened a bit, along with an upturn in the housing market. Yet those developments don't tell the full story. Our economic horizon remains cloudy due to serious structural challenges.

from MacroScope:

Back to banking union

The G8 produced little heat or light on the state of the world economy but if there was one clarion call it was for the euro zone to get on with forming a banking union – the last major initiative needed to draw a line under the euro zone debt crisis.

With the European Central Bank effectively underwriting the bloc’s governments with its bond-buying pledge, a cross-border mechanism to recapitalise or wind up failing banks would do the same for the financial sector.

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