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...downturn forced Labour to dump its tarnished rule" and splurge on public spending is generous, to say the least [June 22]. Gordon Brown spent his years as Chancellor spending beyond his means - even as the country seemed to prosper - and desperately breaking Labour's manifesto promise not to raise tax rates to cover his tracks. The severity of Britain's current recession can surely be partly blamed on years of recklessness and a failure to prepare for the slightest possibility of less sunny days to come. The "golden rule" was a cipher from the beginning of the Labour administration. James...

Author: /time Magazine | Title: Labour in Trouble | 7/9/2009 | See Source »

...This was never going to be easy. The past 30 years have created a crimped, big-C Conservative playing field when it comes to public policy. Congress cringes at the hard stuff, especially anything that can be labeled a tax or a regulation. To make things more difficult, the public doesn't consider health or energy reform as crucial as the President (rightly) does. Most people are happy with their health insurance, although they're worried about losing it. And they are not clear about the sacrifices necessary to address climate change - or the national-security issues raised...

Author: /time Magazine | Title: Obama: Getting Down to the Hard Choices | 7/9/2009 | See Source »

...that a price must be paid for a better, more secure health-care system and action on climate change. This will be easier with the more immediate issue, health-insurance reform. There are compromises that can be made - and Obama should admit that John McCain's plan to tax employer-provided health benefits, at least for wealthier Americans, was a good idea and include...

Author: /time Magazine | Title: Obama: Getting Down to the Hard Choices | 7/9/2009 | See Source »

...that is a good thing, because the Waxman-Markey energy bill passed by the House is an excellent candidate for euthanasia. It is a demonstration of all that's wrong with the legislative process in latter-day America. There is a simple solution to this problem: a carbon tax to discourage people from using fossil fuels. That tax could be immediately refunded in the form of lower payroll taxes. But the House Democrats, still playing by Reagan-era ground rules, were too frightened to go there: they proposed instead a weak, inelegant cap-and-trade system of the sort that...

Author: /time Magazine | Title: Obama: Getting Down to the Hard Choices | 7/9/2009 | See Source »

...ideas. John McCain had some good ideas about bolstering the economy through businesses so that families could afford to pay for health care and making sure that no one was falling through the cracks and not receiving health care. One way you do that is to reduce the corporate tax on our small businesses especially in America. You're going to see Obama increase those taxes on small businesses - whether he admits it today or not, he's going to. One thing reporters aren't asking the Administration is - it's such a simple question and people around here...

Author: /time Magazine | Title: TIME's Interview with Sarah Palin: 'It's All for Alaska' | 7/8/2009 | See Source »

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