The mishandling of the would-be airplane bomber Umar Farouk Abdul Mutallab's visa is only the latest piece of evidence that the granting of visas should be taken away from the State Department. For the granting of visas - especially today, when terrorism is such a complex threat - is far closer to being a law-enforcement function.
To protect people's lives and keep our children safe, we must implement public-works spending and do so proudly. If possible, I'd like to see the Bank of Japan purchase all of the construction bonds that we need to issue to cover the cost. That would also forcefully circulate money in the market. That would be positive for the economy, too.