Unfortunately the Republican tax cut will deny important revenues to many states facing their own deficits. This will create greater pressure for higher state and local taxes.
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If we do nothing, as the Republicans suggest, we're going to see health care costs reach a point where small businesses can't afford it and families can't afford it. We're going to see people turned down from pre-existing conditions. We're going to find the Medicare doughnut hole - a gap in coverage that's going to hurt a lot of seniors.
If we intensify our efforts we can have a cloned baby within a year or two, but I don't know whether we can intensify our efforts to that extent. We're not really under pressure to deliver a cloned baby to this world. What we are under pressure to do is to deliver a cloned baby that is a healthy one.