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...jarring news Friday, when the Congressional Budget Office (CBO) released its preliminary analysis of Obama's plans for the nation. In one of the first non-partisan, independent reviews of his administration's economic vision, the Obama White House pretty much got a failing grade - not because the President's advisers were bad at math, but because the CBO found that the economy is expected to recover so slowly as to make the Obama policy proposals unsustainable. The new "Era of Responsibility," it turned out, runs into big trouble with just a slight long-term decline in economic projections...

Author: /time Magazine | Title: Will Deficits Force Obama to Sacrifice His Agenda? | 3/23/2009 | See Source »

...projected when the budget was drafted, and than several other economic forecasts anticipate. Under the Administration's plans, that means an explosion in government debt after the current recession ends, with sustained deficits even larger than the ones caused in the 1980s by the policies of Ronald Reagan. The national debt, the CBO calculated, would go from 41% of the size of the nation's economic output in 2008 to 82% of the economic output in 2019. In other words, if the CBO estimates play out without a change in policy, Obama is on track to accomplish exactly what...

Author: /time Magazine | Title: Will Deficits Force Obama to Sacrifice His Agenda? | 3/23/2009 | See Source »

Whistle-Blowing. The nation's first transcontinental railroad was completed May 10, 1869, in Promontory Summit, Utah, where the "golden spike" was pounded into the final tie, finally connecting 1,776 miles of rail. In honor of this august event, Amtrak is celebrating National Train Day, offering Amtrak Guest Rewards members the ability to earn double points for their first four trips taken through May 8, triple points after their fifth trip, and quadruple points for any trip taken on May 9. If you travel Saturday, May 9 through Amtrak's Washington, D.C., Philadelphia, Chicago or Los Angeles station...

Author: /time Magazine | Title: Fast Track to Elite: Double Air and Rail Miles | 3/23/2009 | See Source »

...Burma's last polls, the country's long-ruling junta has promised another electoral exercise next year, most likely by springtime. Few doubt that the generals' henchmen will stuff ballot boxes to try to ensure that the opposition doesn't prevail like it did back in 1990, when the National League for Democracy (NLD) crushed the military's proxy party. (In a troubling portent, official approval of last May's constitutional referendum was tabulated at a credulity-straining 92.4%.) But the query put to me recently in the nation's teahouses got to the heart of a fundamental political dilemma...

Author: /time Magazine | Title: In Burma, Even a Sham Election Is a Cause for Hope | 3/23/2009 | See Source »

...emphasizing that Obama has reaffirmed U.S. sanctions against Iran. "They chant the slogan of change, but no change is seen in practice," he said. "We are observing, watching and judging. If you change, we will also change our behavior. If you do not change, we will be the same nation as 30 years ago [when Iranians overthrew the U.S.-backed Shah]." (See pictures of the long shadow of the Ayatullah Khomeini...

Author: /time Magazine | Title: Obama's Overture to Iran: Why Khamenei Won't Budge | 3/23/2009 | See Source »

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