Michael Tanner correctly points out that the Republican leadership is unwilling, so far at least, to speak truthfully about what needs to be done in order to close our enormous budget deficits. It appears that the GOP leaders will not touch Social Security, Medicare, Medicaid, or Defense. They will not accept any tax increases. Under those conditions, unless we have a spurt of enormous economic growth, we will continue to run massive deficits, add to our gigantic pile of debt, and face an even more difficult situation in the future.

Warren Buffett pens a thank you letter to Uncle Sam for bailing out our financial system in late 2008.

Massachusetts Governor Deval Patrick says he will work to change immigration laws in his state.