Breakingviews

Leap off fiscal cliff is bad option, but not worst

September 18, 2012

If U.S. politicians can’t compromise, higher taxes and spending cuts will kick in at year-end. That could bring recession. But it would also reset the political battle lines, improving the chances of a real fix. That’s better than Washington continually deferring tough decisions.

Fiscal cliff “Cialis plan” deserves firm support

June 25, 2012

That’s the love-pill codename for a bill Erskine Bowles, of Simpson-Bowles fiscal reform fame, is pushing in Congress to help Uncle Sam avoid severe dysfunction at year-end. Politicians fiddling with JPMorgan trades and Mexican guns could use a cure for when it’s urgently needed.