Tough budget decisions are always difficult for lawmakers looking to stay popular with constituents. But policy changes are necessary to handle otherwise-impossible debt.
In the next few decades, promised federal spending threatens to drown the U.S. economy. It could make the financial bailout seem cheap.
Sen. John McCain came into the second presidential debate tonight in Nashville in a position of weakness — trailing nationally and slipping in the swing states. He was looking for what the pundits refer to as a “game-changer,” a big win that stops Sen. Barack Obama’s forward momentum and recasts the race in more favorable [...]
While the McCain campaign’s attacks on Sen. Barack Obama’s connection to former Weatherman William Ayers will likely dominate today’s news cycle, the Wall Street Journal is out with a story this morning with far larger implications for millions of Americans.
According to the newspaper:
Sen. Edward M. Kennedy, the nine-term Massachusetts Democrat currently being treated for a cancerous brain tumor, will not return to Capitol Hill this year, Congressional Quarterly reported today:
“As Sen. Kennedy said two weeks ago in Denver, he intends to be on the floor of the United States Senate next January, when we begin to write [...]