Their parents and grandparents may well have been the greatest generation but they also got a little help from their friends... in their government. As the popular WW II song went: "We did it before and we can do it again."
I have been somewhat taken aback by the sudden burst of news reports and commentary in the news media about increasing revenue to reduce the deficit, with very little discussion about commensurate cuts in entitlement programs.
Writers on economics have been talking since the election about why the "fiscal cliff" metaphor is misleading. But none of the alternatives has stuck, nor has the fiscal cliff metaphor been abandoned. Why?