Walter Brasch: Slagheap World Airlines announced that in the spirit of national cost cutting, it would cut back its cockpit crew to one pilot and eliminate flight attendants, meals, and life rafts. “This way,” said the president, “we won’t have to penalize our loyal stockholders by lowering our return on investment.”
Robert Reich: Next week starts the new Congress, and with it the Tea Party conservatives. What are they going to do about government spending? Knowing they don’t stand a chance of getting a direct repeal of the healthcare mandate, they’ll try to strip the federal budget appropriation of money needed to put the healthcare mandate into effect. This could lead to a standoff with the White House over government funding in general, and a possible government shutdown.