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The biggest economic debate is between Keynesians (who want more government spending and lower interest rates in order to fuel demand) and supply-side “austerics” (who want lower taxes on the wealthy and on corporations to boost incentives to hire and invest, and who see government deficits crowding out private investment). Both approaches have problems.
Posted on Apr 16, 2013
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Flickr/cathro |
John Boehner, speaker of the House, revealed why it’s politically naive for the president to offer up cuts in Social Security in the hope of getting Republicans to close some tax loopholes for the rich.
Posted on Apr 11, 2013
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Flickr/401(K) 2013 |
So far, the much-dreaded “sequester”—some $85 billion in federal spending cuts between March and Sept. 30—hasn’t been evident to most Americans. Take a closer look, though, and many people are starting to feel the pain. They just don’t know it yet.
Posted on Apr 10, 2013
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Image via Shutterstock |
Perhaps the most disturbing aspect of all this is that we’re in the fifth year of a supposed economic recovery from the second-worst economic downturn of the past century, and we’re still not nearly back on track. Instead, we’ve had the most anemic recovery in history.
Posted on Apr 7, 2013
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Workers Image via Shutterstock |
Their agreement is very preliminary and hasn’t yet even been blessed by the so-called Gang of Eight senators working on immigration reform, but the mere fact that AFL-CIO President Richard Trumka and Chamber of Commerce President Thomas J. Donohue agreed on anything is remarkable.
Posted on Apr 3, 2013
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Campaign rally image via Shutterstock |
Recent polls show Americans would rather reduce the deficit by raising taxes than by cutting Medicare, Medicaid, Social Security, education and transportation. Yet Congress seems incapable of making that kind of deal. Some 65 percent of Americans want to raise taxes on large corporations, but both parties are heading in precisely the opposite direction.
Posted on Mar 31, 2013
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Flickr/Erix! |
We’re still legislating and regulating private morality, while ignoring the much larger crisis of public morality in America.
Posted on Mar 25, 2013
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If there was ever a time for the Democratic Party to champion working Americans and reverse these troubling trends, it is now — forging an alliance between the frustrated middle and the working poor.
Posted on Mar 21, 2013
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The biggest problems we face are unemployment, stagnant wages, slow growth and widening inequality—not deficits. The major goal must be to get jobs and wages back, not balance the budget.
Posted on Mar 14, 2013
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The Republican Party makeover is breathtaking. Now, suddenly, instead of accusing Democrats of being “redistributionists,” the GOP is posing as defender of the middle class against corporate America—and it’s doing so by proposing to do away with the most progressive piece of legislation in well over a decade.
Posted on Mar 12, 2013
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