In the summer of 1971, the nation was in the doldrums. Inflation was rising, and unemployment was uncomfortably high. The stock market was sinking. Polls indicated President Richard Nixon could lose his 1972 re-election bid.
“George W. Bush, forty-third president—forty-third president to not kill bin Laden, that is.” That’s the way the funsters on Saturday Night Live lampooned President Obama’s imaginary victory lap after Osama bin Laden was taken out by U.S. forces last May.
"Senate Minority Leader Mitch McConnell has introduced a complicated plan that would truly call Obama's fundamental bluff: that the White House honestly favors a courageous "grand bargain" that would make serious and steep cuts to entitlements in exchange for tax "revenue" increases (i.e., tax hikes)."
Late Friday night, Congress agreed to a framework to fund the government for the rest of the fiscal year. They quickly passed a stopgap measure to keep the government open while they turn the framework into legislative text, which is expected to pass both chambers of Congress.
How much should a college education cost? According to the College Board, the average cost of earning a degree at a private, 4-year university is now more than $100,000. If tuition prices continue to rise as quickly as they did during the past decade, a college degree will cost more than $200,000 by the time today’s third-graders are applying.
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