So it’s looking unlikely that Washington will do anything to prevent the sequester, the automatic spending cuts put in place to try to force Washington to find a way forward on spending, from starting to take effect tomorrow. The president and congressional leaders will meet tomorrow to discuss next steps. Hardly anyone likes the sequester—it was designed to be disliked—but no one has the right combination of power and incentives to simply repeal it, either.
While past attempts at big deals have failed, this time Obama has serious leverage: House Republicans loathe the fiscal cliff's policies.
The question isn't who gives more and who receives more at a given moment. It's whether the use of tax dollars serves the common good.
It's not what the headlines are highlighting, but Mitt Romney's 2010 tax return includes one impressive fact: his charitable contributions amounted to $7 million. I know, this hardly put him at risk of losing one of his houses and ending up out on the street till his driver could pick him up and take him to one of his other houses. Still, giving away almost a third of your income is nothing to sneeze at.