Don't Look for Washington to do Heavy Lifting

In a harsh profile of the political environment surrounding the gargantuan federal deficit, this article from The Economist says what we already knew: neither political party looks willing to do the heavy lifting it requires to balance the budget and reduce the debt. The article belittles both parties’ budget plans for the coming year, and the negligible impact that those plans would have on the country's budget.

Democrats won’t discuss the necessary spending cuts and Republican won’t discuss raising the necessary revenue. Both will have to be a part of the solution, but no one looks willing to meet in the middle, yet. Surprised?

Read THE UNION’S TROUBLED STATE, here.