Can America Be Fixed?
The New Crisis of Democracy
Capitalism and Inequality
What the Right and the Left Get Wrong
Why a Founding Father of Postwar Capitalism Spied for the Soviets
A Conversation With Stanley McChrystal
The Rise of Big Data
How It's Changing the Way We Think About the World
The Road to D-Day
Behind the Battle That Won the War
How Jewish Extremism Threatens Zionism
Who Is Ali Khamenei?
The Worldview of Iran’s Supreme Leader
Biology's Brave New World
The Promise and Perils of the Synbio Revolution
Google's Original X-Man
A Conversation With Sebastian Thrun
Making Sense of Mali
The Real Stakes of the War Rocking West Africa
Saving the Euro, Dividing the Union
Could Europe's Deeper Integration Push the United Kingdom Out?
The Real Reason Putin Supports Assad
Mistaking Syria for Chechnya
How Iran Won the War on Drugs
Lessons for Fighting the Afghan Narcotics Trade
The Egyptian State Unravels
Meet the Gangs and Vigilantes Who Thrive Under Morsi
Even Good Coups Are Bad
Lessons for Egypt from the Philippines, Venezuela, and Beyond
How Yemen Chewed Itself Dry
Farming Qat, Wasting Water
The Arab Sunset
The Coming Collapse of the Gulf Monarchies
Where Have All the Workers Gone?
China's Labor Shortage and the End of the Panda Boom
Love in the Time of Bollywood
India's Strained Romance Revolution
In November, the American electorate, deeply unhappy with Washington and its political gridlock, voted to maintain precisely the same distribution of power -- returning President Barack Obama for a second term and restoring a Democratic Senate and a Republican House of Representatives. With at least the electoral uncertainty out of the way, attention quickly turned to how the country's lawmakers would address the immediate crisis known as the fiscal cliff -- the impending end-of-year tax increases and government spending cuts mandated by earlier legislation.
As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century. The focus in Washington now is on taxing and cutting; it should be on reforming and investing. The United States needs serious change in its fiscal, entitlement, infrastructure, immigration, and education policies, among others. And yet a polarized and often paralyzed Washington has pushed dealing with these problems off into the future, which will only make them more difficult and expensive to solve.
Studies show that the political divisions in Washington are at their worst since the years following the Civil War. Twice in the last three years, the world's leading power -- with the largest economy, the global reserve currency, and a dominant leadership role in all international institutions -- has come close to committing economic suicide. The American economy remains extremely dynamic. But one has to wonder whether the U.S. political system is capable of making the changes that will ensure continued success in a world of greater global competition and technological change. Is the current predicament,
Loading, please wait...