A Deficit of Courage

At the heart of the impending “fiscal cliff” is a problem more challenging than reaching whatever mix of revenue increases and spending cuts will be needed to bring America’s massive debt under control.

From the halls of government to corporate boardrooms and the corridors of America’s great universities, America seems gripped by fear.

Administration and congressional leaders on both sides of the aisle appear immobilized by their own dread of constituents’ reactions to higher tax rates or austerity measures — or both.

Business leaders, knowing the need for realignment in a changing marketplace, nevertheless stand motionless because of the unknowns of new taxes and regulations and the fear of the reactions of shareholders and analysts.

On the campus of Penn State, it was fear that caused university administrators to sweep the horrendous crimes of an experienced coach under the rug.

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