Face it: Both the Republican and Democratic parties are in trouble. Neither can be sure which is in worse shape. So it behooves them both to do something right for a change.
What? Reach a budget deal that ends threats of government shutdowns and debt defaults, restores confidence among both foreign and domestic investors, and convinces the public that federal politicians can govern.
Will it be hard to get a deal — especially by the mandated deadline of Dec. 15? Of course. But both sides know what needs to be done — reform entitlements to get the country’s long-term debt under control, reform taxes to make the economy more productive, and lift the budget sequester’s stranglehold on domestic spending and defense. Full story