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...second prevailing myth of the Reagan Administration, quietly peddled by budget director David Stockman, went like this: O.K., supply-side economics is a phony, but we can use the growth of budget deficits as an argument for limiting the growth of government. That didn't work out so well either. The public demanded its entitlement programs - deficits be damned - and a strong defense, and loved having politicians who secured funding for a Yo-Yo Hall of Fame in their district. Deficits grew until the combined actions of George H.W. Bush and Bill Clinton caused the deficits to stop growing...

Author: /time Magazine | Title: Health Care: Do the Right Thing on Taxes | 10/29/2009 | See Source »

...starting to stick: a recent CNN poll found that GOP favorability has slipped to its lowest point in a decade - just 36% (though Democrats don't rate much higher). Former Republican heavyweights such as Bob Dole and Bill Frist have been pushing current party leaders on Capitol Hill to work with Democrats on health-care reform, which increasingly looks like it will pass in some form. And even a few of their own have begun to show impatience. "Ronald Reagan always had a positive, forward-looking agenda, and I think that was a significant strategy that worked for the Republicans...

Author: /time Magazine | Title: How the GOP Hopes to Overcome 'Party of No' | 10/29/2009 | See Source »

...finding actual solutions - but his is at least a first step in finding some common ground for the party. "We really have to regain the image of being an inclusive party and tolerant of a lot of debate," Cantor says. "So I will continue to reach out and to work to develop policies that reflect a vision that can appeal to people on the right, in the middle and hopefully like-minded Democrats on the left. That's how you go about forming a governing coalition again...

Author: /time Magazine | Title: How the GOP Hopes to Overcome 'Party of No' | 10/29/2009 | See Source »

...Given the two sides' sharply different ideas on the end point of their mutual journey, it's not easy to agree even on substantial "confidence building" measures. Iran appears to be open to greater safeguards and oversight of its ongoing nuclear work, like opening its hitherto secret enrichment facility under construction at Qum to inspection for the first time on Oct. 25. But at the same time, it is expected to push back against some provisions of the Vienna deal...

Author: /time Magazine | Title: Behind Iran's Response on the Nuclear Deal | 10/29/2009 | See Source »

...Minister and the party also claiming the key economics portfolio along with international development and justice, the Free Democrats are aiming to leverage their junior coalition position for maximum effect. Rösler, as the party's rising star, will no doubt figure prominently in their plans. (Read: "'Much Work' Ahead for German Chancellor Merkel...

Author: /time Magazine | Title: Tough Task Ahead for Germany's First Asian Minister: Health Care Reform | 10/29/2009 | See Source »

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