There's been a lot of talk in the US media about the "Fiscal Cliff" and the "Grand Bargain" What are they?
The "fiscal cliff" is a confluence of three legal changes taking effect Jan. 1: the expiration of a payroll-tax cut, the expiration of the Bush-era tax cuts, and the advent of mandatory spending cuts known as "sequestration."Fiscal Cliff 101: 5 Basic Questions Answered. What's Happening: Fiscal Cliff Explained [more inside]
Charlie Pierce is a longtime sportswriter and author who has, among other things, reported for Grantland, Slate, and the Boston Globe, paneled on more than a few games of Wait Wait... Don't Tell Me!, and fished diapers out of trees as a state forest ranger. He's also made a name for himself as one of the sharpest and most incisive political columnists since Molly Ivins. The lead writer for Esquire's Politics Blog ever since a caustic article on former Delaware Senate candidate Christine O'Donnell cost him his Globe job, Pierce has churned out an uninterrupted stream of clever, colorful, and challenging commentary on the 2012 election season and its implications for the nation's future, dispatches often seething with eviscerative anger but shot through with deep love of (or perhaps grief for) country. Look inside for a selection of Pierce's most vital works for some edifying Election Eve reading. [more inside]
Do you feel disappointed in government? Does Obama seem a little too meek for the Presidency? Do you wish he'd make larger structural reforms? Maybe, suggests Matt Taibbi, there's an answer. [more inside]
It's official. Obama has won the Democratic Party nomination for the US Presidency. In response, McCain has launched a "verbal sortie" against him and the media has already begun disecting Hillary's campaign.