Its policy of forcing budgetary discipline and market-based reform on member-countries has had the broad support of most pro-capitalist economists, though the developing world has been less enthusiastic.
There is no indication yet that the Republican leadership is willing to acknowledge the basic fact that rates need to rise on the top 2 percent in order to achieve the kind of broad-based deficit-reduction package that a significant majority of the American people support and even numerous Republicans have publicly come out in support of.
Mr. Netanyahu knows that if he encourages Israel's friends in Congress to support such programs, he will create much good will with the broad-based forces in the United States, led by the top Republicans in Congress, that deem missile defense the gravest U.S. military deficiency.