Congressional Republicans have had quite a comeback. In January, the GOP was forced to vote for a major tax hike with zero spending cuts. Now it is President Obama who has been forced to accept spending cuts with no tax hike. Who says divided government doesn’t work?

For a few weeks around New Year’s Day, Washington, D.C., turned topsy-turvy. Well, topsy-turvier than usual.

It would be the ultimate fiscal cliff. A group of House Republicans wants to put an expiration date on the 75,000-page U.S. tax code. The Tax Code Termination Act would require the repeal of the entire code in 2017 — except for the bits dealing with Social Security and Medicare — with a new system ready to go for the following year.

At the heart of the nation’s fiscal challenges are the rising costs of the major health care entitlement programs. The prospects for seriously addressing these rising costs is not promising in the president's second term in large part because there is a sense in his administration and among congressional Democrats that Obamacare has already largely solved the problem.

Major corporations profiting from Obama policies are bankrolling President Obama's official inaugural committee. While we know the names of the donors to Obama's inaugural, we don't know much more, because Obama is once again trampling his promises of transparency.

To judge from his surly demeanor and defiant words at his press conference Monday, Barack Obama begins his second term with a strategy to defeat and humiliate Republicans rather than a strategy to govern.

If there were any doubt that leverage had shifted to Republicans in the debt-limit standoff, it was dispelled when Obama supporters urged the president to create $1 trillion out of thin air by minting a magic coin. Seriously.

Almost everyone is under-estimating what Republicans have just achieved in the fiscal cliff deal, including many Republicans who supported the deal.