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President-elect Barack Obama's challenge will be twofold: to capture the potential benefits of a new age of government activism, while still protecting the country's long-term fiscal health. On Jan. 6, Obama warned that the cost of a major stimulus package and the continued effort to bail out the financial system could result in years of "trillion-dollar deficits." Deficit spending is needed to help revive the economy from recession, but trillion-dollar deficits for years to come would sink us in debt and risk a collapse of the currency. We need a sensible strategy that deals...

Author: /time Magazine | Title: The Case for Bigger Government | 1/8/2009 | See Source »

...public-health experience or qualifications he has to be the leader of the nation's public-health service." - Gerard M. Farrell, executive director of the Commissioned Officers Association of the Public Health Service (the body headed by the surgeon general), on Gupta's lack of credentials, Washington Post, Jan...

Author: /time Magazine | Title: Surgeon General: Sanjay Gupta | 1/8/2009 | See Source »

...surgeon general's role has been to be the country's doctor, and having someone who is immediately recognizable to many people can be very helpful." - Linda C. Degutis, former president of the American Public Health Association, New York Times, Jan...

Author: /time Magazine | Title: Surgeon General: Sanjay Gupta | 1/8/2009 | See Source »

...House Speaker Nancy Pelosi was quick to lay out three important guiding principles: that the provisions be "timely, temporary and targeted." "If we heap too much on top of the package, it will then take us deeply into debt," she warned in a speech on the House floor on Jan. 29, 2008. But now, as Congress gears up to craft a mammoth stimulus package that will dwarf last year's $170 billion bill, those requirements don't seem to be all that binding. (See a bailout report card...

Author: /time Magazine | Title: Obama's Stimulus: Jump-Starting His Long-Term Agenda | 1/8/2009 | See Source »

...week of Jan...

Author: /time Magazine | Title: Travel News: It's Rodeo Season! (Plus, Restaurant Week in New York) | 1/8/2009 | See Source »

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