Carlin: Wall Street Owns Washington



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Glenn Hubbard: How America should avert its looming fiscal crisis

from FT:

Washington’s gamesmanship over the fiscal cliff raises a critical question: Does the US have budget rules and processes that are adequate for the nation’s looming crisis?

It does not — but today’s 100th anniversary of the 16th amendment to the US Constitution offers a reminder that the republic was designed to adapt to such challenges. Read more