Good piece by Michael Cembalest on the prospects for fiscal reform under the Joint Select Committee on Deficit Reduction . He worries, quite rightly, about record political polarization in the U.S., as evidenced by the following graphs.
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Nice piece. But there is hope . . . the parties drew closer together during the Great Depression and war years . . .
This is what money does… it buys people.
Thank gerrymandering and safe districts.