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...burden to the high end of the income brackets. Whether this is morally or economically defensible won't matter much if the total tax dollars that comes from people making over $250,000 a year is well below budget. Even if the federal government has a perfect track record of holding to its expense plan for the next two years, IRS receipts could be off by tens of billions of dollars. (See pictures of the global financial crisis...

Author: /time Magazine | Title: During a Recession, Being Rich Loses Its Luster | 5/8/2009 | See Source »

...formation of a "discipline-flourishing democracy." But most outside observers worry that the polls will be marred by stuffed ballot boxes and coerced votes for the military. Electoral rules are skewed, too, reserving top posts for members of the army and denying public office to anyone with a prison record or who was married to a foreigner. (Many NLD members have been thrown into jail, and Suu Kyi was married to a British academic who died of cancer.) (Read "In Burma, Even a Sham Election Is a Cause for Hope...

Author: /time Magazine | Title: Burma's Most Famous Political Prisoner Gets a Surprise Visitor | 5/8/2009 | See Source »

...determined not to let former Vice President Dick Cheney, who left office with a popularity rating in the sub-basement, become history's spokesman for Bush policy on Gitmo. In either case, Rice's recent comments mean she will be drawn into the widening debate about the Administration's record on interrogation. (See pictures of inside Guantanamo...

Author: /time Magazine | Title: Why Is Condi Rice Joining the Torture Debate? | 5/7/2009 | See Source »

...generations. They don't seem so worried about an imminent depression, which would explode deficits in addition to the shorter-term pain, and their newfound fear of borrowing has not cooled their ardor for budget-busting tax cuts. "They talk about fiscal restraint, but they've got an atrocious record, and they've still got atrocious plans," says Robert Bixby, executive director of the nonpartisan Concord Coalition...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

...most popular politician. Widespread reports suggest that the Obama Administration hopes to persuade Zardari and Sharif to share power in a new unity government committed to fighting the Taliban. But like Zardari and his late wife, the slain former Prime Minister Benazir Bhutto, Sharif has a poor track record in power, and is viewed by the military as part of the same venal political class motivated primarily by self-interest. The conservative Sharif, who has previously criticized Pakistan's efforts on behalf of the U.S. war on terror - and was deemed by the U.S. to be soft on the Taliban...

Author: /time Magazine | Title: Obama and His Troublesome Allies | 5/7/2009 | See Source »

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