No doubt, some time during this Great Recession, inquisitive children have asked their parents, “Where do jobs come from?” It’s something akin to that most uncomfortable of all questions from the young, “Where do babies come from?” When answering the latter question, most parents make their response age-specific and avoid talk of the birds and bees. Instead, they tell the tall tale of the magical stork delivering infants to the homes of couples who want to be parents. Of course, the parents know where babies come from. Yet, when it comes to jobs, most of them really don’t know.
Appearing to embrace the new civility and bipartisanship that’s the currently appropriate stance for politicians following the Tucson shooting, President Obama in his State of the Union address tossed a bone to the newly empowered congressional Republicans by giving a half-hearted nod to medical malpractice reform.
Congress may soon once again raise the national debt ceiling — for the 81st time since 1940! The ceiling limits how deeply in debt the federal government can go. Right now, Washington is not allowed to borrow a dollar over $14.29 trillion. And they’re already within $300 billion of that limit, give or take a few billion bucks.