federal spending
The sequester and other ridiculous things
So it’s looking unlikely that Washington will do anything to prevent the sequester, the automatic spending cuts put in place to try to force Washington to find a way forward on spending, from starting to take effect tomorrow. The president and congressional leaders will meet tomorrow to discuss next steps.
Hardly anyone likes the sequester—it was designed to be disliked—but no one has the right combination of power and incentives to simply repeal it, either.
A reason to bargain
While past attempts at big deals have failed, this time Obama has serious leverage: House Republicans loathe the fiscal cliff's policies.
Giving and receiving
The question isn't who gives more and who receives more at a given moment. It's whether the use of tax dollars serves the common good.
This just in: Romney paid the taxes he owed, not the taxes some of us think he should have owed!
It's not what the headlines are highlighting, but Mitt Romney's 2010 tax return
includes one impressive fact: his charitable contributions amounted to
$7 million. I know, this hardly put him at risk of losing one of his houses
and ending up out on the street till his driver could pick him up and
take him to one of his other houses. Still, giving away almost a third
of your income is nothing to sneeze at.