Warning of a potential “corporate takeover of our elections,” President Barack Obama increased pressure on Congress on Saturday to pass reforms to limit companies’ ability to influence political campaigns.
August 2, 2010
March 1, 2010
Party Gridlock in Washington Feeds Fear of a Debt Crisis
Senator Evan Bayh’s comments this week about a dysfunctional Congress reflected a complaint being directed at Washington with increasing frequency, and there is broad agreement among critics about Exhibit A: The unwillingness of the two parties to compromise to control a national debt that is rising to dangerous heights.
Yet rarely has the political system seemed more polarized and less able to solve big problems that involve trust, tough choices and little short-term gain. The main urgency for both parties seems to be about pinning blame on the other, before November’s elections, for deficits now averaging $1 trillion a year, the largest since World War II relative to the size of the economy.
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