Americans slog toward the end of 2012 having lost trillions in household net worth and having been indebted by a spendthrift federal government to tune of $16 trillion.
The nation's policymakers disagree over what to do about this mess.
Republicans insist that the federal government should cut its profligate spending before going after whatever blood the turnips have left. Democrats insist on tax increases up front, and spending discipline later.
There the matter stands, locked up. It shouldn't be.
Washington could have fixed an uncompetitive corporate tax and helped spark an economic recovery four long years ago. Americans should insist that Washington produce that change now - unencumbered by
The United States has the highest overall corporate tax rate in the developed world - 35 percent.
This delays investment decisions, which affects job creation, which affects employment, which affects Americans' household income and security.
As Jim Puzzanghera reported in the Los Angeles Times, this ruinous situation occurred because as other nations cut their rates, U.S. policymakers stood still.