Somehow we must find ways to gain control over spending on Medicare and Medicaid, Penner writes.
President Dwight Eisenhower truly believed that budgets should be balanced, and his 1960 budget incorporated severe spending restraint and only minor tax increases, Penner writes.
Speaker John Boehner and fellow Republicans are being asked to cave on tax rates in the fiscal cliff negotiations. In return, they could be the 'bad guys' on entitlement reform – something even their own voters may not support.
While some investors would be hurt by the accelerated dividend payouts, many low- and middle-income taxpayers could benefit, Williams writes.
As Washington fiddles over the fiscal cliff, a larger battle over inequality is being waged all over America, Reich writes.