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"You know, Paul, Reagan proved deficits don't matter," Vice President Dick Cheney famously told George W. Bush's first Treasury Secretary, Paul O'Neill. Cheney, who rarely allows facts to get in the way of a good ideology, was retailing a myth. Ronald Reagan is remembered for the massive...

Author: /time Magazine | Title: Health Care: Do the Right Thing on Taxes | 10/29/2009 | See Source »

Why does this matter now? Because we are in the midst of a debate over how to fund a health-care-reform plan - and the idea of raising taxes, even just a little bit, to pay for it is causing heart failure among our legislators. They are looking for somewhere...

Author: /time Magazine | Title: Health Care: Do the Right Thing on Taxes | 10/29/2009 | See Source »

For all the encouragement that Republicans took from the angry health-care town halls of August, the fall has not been kind to the GOP. A Washington Post-ABC poll found that only 1 in 5 voters now identifies as Republican. And the "Party of No" label might be starting...

Author: /time Magazine | Title: How the GOP Hopes to Overcome 'Party of No' | 10/29/2009 | See Source »

"We are with Pakistan," says Maulana Sher Muhammad Mehsud. "We have told the police about the threat coming to Dera Ismail Khan, with terrorists entering the city. The police are weak in this regard. They do not recognize these people - we have informants there." All around him, young men with...

Author: /time Magazine | Title: Fear and Uncertainty for New Wave of Pakistan Refugees | 10/29/2009 | See Source »

That fear also pervades the refugee registration centers, where few are willing to openly denounce the Taliban's brutality. Instead, there are fierce criticisms of the army's earlier operations, the ruinous peace deals that it left behind and its role in the creation of these factions. "I don't...

Author: /time Magazine | Title: Fear and Uncertainty for New Wave of Pakistan Refugees | 10/29/2009 | See Source »

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