Once again, Washington's bipartisan, blue-ribbon, out-of-power elite gathers to urge Congress to break the gridlock and do the right thing on the nation's looming financial Armageddon.
Congress knows what it means by terms such as 'fiscal cliff' or 'Simpson-Bowles,' but to many outside the Beltway they may as well be speaking Greek. Here's a translation of Washington's shorthand for budgetary issues now before the country – with each entry explained in 50 words or less.
Suddenly, the tough budget reform proposed by Alan Simpson and Erskine Bowles is getting a second look. Oh, politicians don’t love the real plan, but they are positively enamored of their own self-edited, stripped-down versions.
President Obama got big headlines – and a political bounce – from his new policy protecting some young illegal immigrants from deportation and offering them temporary work permits. By a 2-to-1 margin, likely American voters support the move, according to a Bloomberg poll. So what other potential gambits does Mr. Obama have in his hip pocket, especially if he needs another jolt before Election Day? Here are four.
The fiscal gap facing the next generation of taxpayers is going to be huge. The solution include taxes, but what many young Americans don't realize is that soon they may be shouldering the majority of the country's debt, alone.
Today's American politics needs the mix of humor and civility heard on NPR's soon-to-end "Car Talk." Mass culture that includes self-deprecatory jokes and a friendly tone can influence the nation's political discourse.
As a behind-the-scenes debate begins among reformers over just how to fix the US tax code, some Republicans insist that big, broad-based reform would be easier to accomplish, while others in Congress advocate for a more step-by-step process.
Over the past generation, the GOP's pledge to introduce no new taxes has become the essential conservative credential. But some Republicans are refusing to sign.
Tax reform will be difficult, but with a four-step road map, it can be done.