- Paul Walker secretly bought $9K wedding ring for Iraq vet
- Mystery sign poster hits Washington state town: ‘It’s OK to say Merry Christmas’
- Pope Francis forms commission to advise on sex abuse
- Anthony Weiner on radio? Cumulus says, ‘Never, ever’
- Executive order: Obama ups green-energy mandate on feds to 20 percent
- GOP launches candidate training: How to talk to women
- N.Y.’s Rockefeller Center lights up, as Bloomberg flicks on 76-foot Christmas tree
- Northern Ireland turns to ‘Game of Thrones’ to draw in tourists
- Washington woman live-tweets husband’s horrific car death
- China City of America mulled for New York — with $65M tax dollars
Latest Cutting Government Items
Let's hope that Congress can succeed in "Keeping bloated government on a forced diet" (Commentary, Aug. 13). However, I fear that sequestration and spending caps may not be the best way to achieve a balanced budget.
Moody's decision last week to downgrade Great Britain's credit rating surprised no one, including the markets, which largely shrugged the news off. The credit-rating agency arrived late to the party, just as it did in the United States and in several of the eurozone's distressed countries.
Democrats are united in their fiscal message. Throughout the "cliff" negotiations and again with the pending debt-ceiling debate, their argument has rested on a single, flimsy premise: Cutting government spending would push the economy into recession.
Between servicing the debt and funding entitlement programs, our government is overburdened by its financial obligations. In the current negotiations over how we can avoid falling off the fiscal cliff, some Republicans have indicated willingness to give in to the Democrats' demands that taxes be raised in order to meet these obligations.