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Never mind about mortgaging the future. By running up a monster deficit as it struggles to keep the economy growing, the Obama Administration is setting the stage for sharply higher taxes down the road...

Author: /time Magazine | Title: How High Could the U.S. Tax Rate Go? | 3/3/2010 | See Source »

Hiking taxes is the less traumatic course, though it will only be accepted as the cost of inaction rises. "Congress only responds to financial crisis or some other external shock," says Bill Gale, co-director of the Tax Policy Center in Washington. "Nothing will be done in Obama's first term to substantially increase tax revenue." (See the top 10 bankruptcies...

Author: /time Magazine | Title: How High Could the U.S. Tax Rate Go? | 3/3/2010 | See Source »

...estimate of cost is well above previous calculations of the impact of food-safety problems, and the new study suggests that foodborne illness will continue to take an increasing toll on public health if the nation's frayed food-safety net is not repaired. President Barack Obama called for new food-safety regulations a year ago, and the House of Representatives passed a bill to overhaul the system last July. The onus now is on the Senate, which is still waiting to act. "This study underlines how important this battle is," says Jim O'Hara, director of the Produce Safety...

Author: /time Magazine | Title: Putting a Price Tag on Food Unsafety | 3/3/2010 | See Source »

...prompted by the catastrophic events of 9/11, the Patriot Act is the reactionary product of fear and a desire for safety. The passage of the act, which expanded the federal government’s power to surveil its citizens, was in many ways a mistake that President Obama this week had the distinct opportunity to correct or at least mitigate. Unfortunately, he did neither...

Author: By The Crimson Staff | Title: To Forfeit Freedom | 3/3/2010 | See Source »

Obama’s recent choice to reauthorize the Patriot Act with no additional privacy protections is more than disappointing—it is disingenuous. President Obama campaigned on a platform of transparency and strengthening civil liberties, and, although he made no commitments to letting the Patriot Act expire, he did, according to his own campaign literature, consistently assert that, “He would support a Patriot Act that would strengthen civil liberties without sacrificing the tools that law enforcement needs to keep us safe.” Instead, Obama’s extended support for the tenets...

Author: By The Crimson Staff | Title: To Forfeit Freedom | 3/3/2010 | See Source »

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