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Forgive members of Congress if they feel a sense of déjà vu this week. After all, they, and we, have all been here before - not so long ago, in fact. The economy is teetering, on the brink of collapse, and if the House and Senate don't act right now a full-blown Depression looms and we'll all find ourselves on breadlines faster than you can say AIG - er, Citibank. I mean, General Motors...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

...Congress is set to reconvene this week for the final vote of 2008, and it's no surprise, given the state of the economy, that they will be voting on yet another bailout, this time of the Big Three American automakers. It is, perhaps, cold comfort to the more than half of Americans who oppose the move that the funds will not be drawn from new debt but rather from existing dollars appropriated earlier this year in the energy bill. This is the same modernization fund the automakers were banking on to get them from SUV-land to Hybrid-world...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

...moment, at least, taxpayers can relax about that imposing figure. Whether it's donor fatigue or anger that the Big Three to a large extent brought this upon themselves, there simply isn't the political will in Washington to pass a comprehensive rescue plan. When they returned to Congress last week to plead for help, the automakers asked for $34 billion in order to avoid bankruptcy. Most economists agree that if even one of the Big Three - Chrysler, General Motors or Ford - were to file for Chapter 11, it would have a potentially crippling cascade effect on the economy...

Author: /time Magazine | Title: Can Congress Pass an Auto Bailout Bill Nobody Likes? | 12/9/2008 | See Source »

Shinseki has avoided the public eye since retiring five years ago. One month before the Iraq War began, he testified before Congress that several hundred thousand soldiers would be needed to secure Iraq after the U.S. invasion, far more than the Administration had said were needed. He supported the military tradition of preparing for the worst, deploying more troops than might be necessary and then bringing the surplus home. He accurately predicted that ethnic tensions would trigger violence in Iraq and require significant ground forces to contain. The war ultimately required a "surge" of 30,000 additional troops beginning...

Author: /time Magazine | Title: Shinseki, a Prescient General, Re-Enlists as VA Chief | 12/8/2008 | See Source »

Beltway News. Over six years and $621 million in tax dollars in the making, the Capitol Visitor Center opened on Dec. 2, featuring exhibits on how Congress works (or doesn't), plus artifacts like Thomas Jefferson's confidential letter to Congress asking it to fund Lewis and Clark's expedition. All tours of the Capitol will now begin and end at the Visitor Center. Admission and tours are free; make reservations online in advance, as tours fill up quickly...

Author: /time Magazine | Title: Travel News: Great Places to Skate this Season | 12/7/2008 | See Source »

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