Bondage

Showing all the skillz that made his debt crisis resolution plan such a rousing success in the 1980s, James A. Baker the III graces us with an editorial on reaching a fiscal grand bargain.

In the piece he points out that, "it is very difficult to create effective mechanisms for spending constraint. That is because one Congress cannot bind the actions of future Congresses."

So far so good JBIII! Looks like you've been reading your KPC. So we've got to do it simultaneous and up front, right? All a Congress can get done is what they themselves can do.

Well his next paragraph starts, "I propose an enforcement mechanism linking the revenue increases and spending cuts that make up the grand bargain"

......

WTF?

Are there somehow multiple competing ghost writers on this piece?

Does JBIII think he has the super-power of binding future Congresses?

Will the WSJ really publish anything by anyone who knew Ronald Reagan?