budget crisis

Hope springs eternal, even here in the nation’s capital. After the election, both President Obama and House Speaker John Boehner made nice noises. And many pundits hailed this, believing either that sequestration would get kicked down the road a fur piece or a Simpson-Bowles’ grand bargain was in the works.

The big sticking point — at least rhetorically — had been that the Democrats want higher taxes on those earning more than a quarter of a million dollars each year and the GOP does not. Then came the electorate’s rejection of Mitt Romney and the Democrat’s better than expected performance in the Senate. Add to that the defeat of several high profile Tea Party candidates and some argued that the stage was set for compromise. Keep reading →


Washington: The outgoing Chairman of the Joint Chiefs of Staff pulled no punches during his last week on the job, saying today that the across-the-board defense cuts under the so-called “doomsday” scenario will break the military.

For the first time, Adm. Mike Mullen said this afternoon that if the Super Committee set up by the White House is forced to cut any more from national security coffers, the military simply would not survive. Keep reading →