For the first time since the early days of our republic (Jefferson-Madison-Monroe), we’ll have three straight two-term presidents.
One of the advantages -- and challenges -- of winning a second term is that there’s no transition period. So in the spirit of bipartisanship, here are three areas policymakers should tackle before the end of the year.
1) Prevent Taxmageddon.
A massive tax increase, almost $500 billion, is set to hit at the end of this year. Federal Reserve Chairman Ben Bernanke calls it a “massive fiscal cliff,” and the Congressional Budget Office forecasts that it would trigger another recession. The...