It's a New Year and a time for new beginnings... Each year we look back and see what we hoped to achieve and how far we have come--both personally and collectively.
Where are we now at the start of this new decade? Hopefully we are learning from our past mistakes so we can build a new future.
A look at the top headlines this week of a brewing partisan showdown in Congress indicates history might repeat itself. News reports warn of a "looming budget fight" over healthcare, financial reform and the growing deficit. Republicans declared they would fight to close the credit spigots and Democrats cautioned against "catastrophic consequences."
White House economic adviser Austan Goolsbee issued dire forecasts if U.S. borrowing power were curtailed. "This is not a game"If we hit the debt ceiling, that's " essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic. I mean, that would be a worse financial economic crisis than anything we saw in 2008."