Alaskan Gov. Sarah Palin became the first woman governor of her state in December 2006. Palin was selected by John McCain as the vice presidential candidate – only the second woman in the US to be selected for that post. After the 2008 election, Palin announced in July 2009 that she would resign her post as governor of Alaska and would not run for reelection in 2010. Palin released her memoir, 'Going Rogue: An American Life,' in November 2009. The former governor and vice-presidential candidate has since formed a political action committee, SarahPAC, and in February 2010 appeared as the keynote speaker at the inaugural 'tea party' convention in Nashville, Tenn.
The 'starve the beast' strategy – raising spending but not taxes – hasn't cut the deficit.
The bad news is that Washington has to make hard choices now to avert disaster. The good news is that some members of Congress are showing real political courage.
Governments go broke all the time. When they do, the victims can be all of us.
Sen. Richard Shelby of Alabama - Democrat to Republican: Richard Shelby, the senior senator from Alabama, switched parties on Nov. 9, 1994, one day after the ‘Republican Revolution’ in which the GOP became the majority in the 104th Congress. Shelby’s switch gave Republicans 52 Senate seats. Here, Shelby talks to reporters on Capitol Hill in Washington on April 28.
With its bonds rated as junk, the debt crisis in Greece must prompt Athens to take far greater austerity measures than originally planned. Political leaders and the public must find the courage for the necessary sacrifice.
President Obama held the first meeting of the Bipartisan Commission on Fiscal Responsibility and Reform Tuesday. Here are five issues to watch as the deliberations get under way.
At the first meeting of the bipartisan commission to tackle the federal deficit Tuesday, nothing was taken 'off the table' – not spending cuts, higher tax rates, or a 'value-added tax.'
Although both parties have rejected a value-added tax, political gridlock is keeping them from offering better alternatives than the VAT.