In the midst of a downturn, it’s easy to lose perspective. It feels at the moment like America’s position in the world is slipping and Asia is taking our place. Permanently. On a longer view, that turns out to be only half-right: Asia is rising but America is not falling. With sound policies, the U.S. will be by far the world’s most important economy for a long time. One of those sound policies is strengthening our ties with Asia. To get a better sense of the current situation, go back …
Families and businesses have budgets, yet Washington doesn’t — and it hasn’t for the last three years. Senate Majority Leader Harry Reid (D-NV) doesn’t think this major omission is that big of a deal, and the White House has no opinion on the matter. Fortunately, there are leaders in the House who see the importance of passing a budget and getting runaway spending and escalating debt under control. For Congress, the budget is an outline of how and where money will be spent across the federal government and how high …
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