The nation awoke Tuesday to find much of the federal government closed for business. The Republican-controlled House of Representatives had refused to fund essential government functions until the rest of Congress and President Barack Obama agreed to reverse a healthcare law passed three years ago and deemed constitutional by the Supreme Court. By doing so, they put reversing healthcare reform ahead of protecting the nation.
The Great Debate
The election left us with a status quo political lineup, one that failed to make any meaningful fiscal progress over the past two years. So is it realistic to expect that we can avoid the fiscal cliff and achieve some sort of “grand bargain”? Yes, it is possible, and here is how to do it:
Goldman Sachs wants to do its duty by the American people and give them their TARP money back. Some spoilsports have urged the government simply to say no because allowing the investment bank to repay the cash would make other banks look bad.