Occupy Wall Street and reports on the nation's growing income gap have helped rally the political left, argues Matthew Continetti of The Weekly Standard. It is not the government's responsibility to redress wealth disparities, he says, and the GOP must do a better job of communicating that message.
The Federal Housing Administration issues its annual report to Congress Tueday. A professor at the University of Pennsylvania's Wharton School is warning the FHA's problems are worse than the agency is letting on. Joseph Gyourko predicts that taxpayers will have to provide another bailout if the economy doesn't improve soon.
The House of Representatives is set to debate this week a constitutional amendment requiring a balanced federal budget each year. It's part of the same mandate of this summer's debt ceiling law that more famously requires Congress to slash $1.2 trillion from the deficit or face automatic, across-the-board cuts.
Austrian economist Friedrich Hayek's arguments for free-market capitalism and against socialism and central planning made him a popular figure in 1940s America — and again today. His book got a boost last year when Glenn Beck discussed it on air. But some say Hayek and his book are misunderstood.
Opponents of Republican Gov. Scott Walker have 60 days to collect 500,000 signatures to force the governor to face a recall election next spring. But getting those signatures in this sharply divided state may pose a bit of a challenge.
While the economy has dominated the presidential race, a Republican debate this weekend put the focus on foreign affairs. The GOP presidential candidates tried to draw sharp contrasts with Obama, criticizing his handling of Iran, China and suspected terrorists.
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