Thomas Cooley, dean of NYU's Stern School of Business, writing for Forbes, correctly notes that Obama few good choice to make in regards to the federal government's fiscal picture. Cooley says the most reasonable, but least likely solution is for Obama to renege on his pledge to raise taxes on those making less than $250,000. Unfortunately, for Obama, he's governing Americans. These people - I've met a few - can't stand bad news and they can't stand to bear the thought that we actually pay too little for services rendered by government.
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