No matter how well intentioned (and politically appealing), protecting individual values in isolation of the consequence to other values can never be as optimal as making decisions with the full system in view and on the table.
We've criticized both the president's handling of this situation and the media's reporting of it. But, in the end, this is an act of Congress. Congress passed the bill that put these cuts into effect, and it can repeal that bill -- today, if it so chooses.
As the threat of the so-called "financial sequester" looms nearer and nearer, we should all try to look on the bright side: We are getting way better at coming up with cool names for financial crises.
The Sequester is like the latest sequel to a movie no one wanted to see in the first place, but did anyway because it had a big budget behind it, and now has to watch because we've all already seen all the previous ones. The Fast and Furious Six of financial crises.
"Struggle" seems to be the operative word for the condition of small business today. Is there anything that can be done to help them in that struggle?
With late-breaking fiscal cliff tax legislation this year, the many tax law changes, delays in the start of tax season and important forms, just about everything needed to get your taxes done is working well right now, but that all could change after March 1.
It's the foregone conclusion that no matter which hand the folks in Washington try to play, the fact is taxes will be higher... much higher in the future.
Cutting money does not spur doom and gloom just as throwing money at a problem will not fix it. What matters is whether money is spent effectively.
After you've e-mailed your representatives, screamed at the television and torn your hair out, there is little more you can do about Washington's fiscal shenanigans. However, there is one thing you can do to protect yourself from the fallout: save more money.
The GOP can try to repackage their party by reaching out to all demographics. But, for many Americans, the GOP is just the same old party.
The signing of the American Taxpayer Relief Act of 2012 extended many expiring tax deductions and credits through 2013. With these changes come updates to the forms you use at tax time. What can you expect to see this tax season?
Yesterday, the Congressional Budget Office released its updated budget projections for 2013 through 2023. The new projections reflect all development...
We are far too vulnerable to forces beyond our control. We need to have more ownership of our local economy. Our work force, our schools, our industries require it in order to have more control over our local destiny.
Obama's "second honeymoon" period with the public may not last more than a few months, but for now seems to be holding steady. He's in a pretty good position right now in terms of "political capital," but this will likely change as legislative reality sets in.
Psychological scientists Daniel Ames and Susan Fiske are reporting evidence that our judgments of harm may be badly distorted by deeply-rooted cognitive biases that operate out of our awareness. Specifically, we may be prone to exaggerate damage when we perceive it as deliberate and blameworthy.
Getting a deal on immigration will be tougher than the fiscal cliff, but it is still possible if both President Obama and the Republicans learn from past successes, do not repeat missteps and seek to truly make this a win-win effort.