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Wednesday, August 23, 2017
deficit reduction

Far More Republicans Believe In Climate Change And Evolution Than The Ever-Shrinking Deficit

A new Pew Research poll is getting a lot of attention because it shows the share of Republicans who believe in evolution has declined 11 percent since 2009, down to just 43 percent. In 2009, 54 percent said that human beings had “evolved over time.” A quick poll of 2008 Republican candidates for president found that […]

December 31, 2013

Have We Been Looking At Deficit Reduction The Wrong Way?

Jared Bernstein–formerly a top economic advisor to Vice President Joe Biden, and a key figure in the Obama Administration’s attempt to get the economy back on track–has published a fascinating response to Ezra Klein’s analysis of the administration’s response to the Great Recession. Bernstein closes with a poignant critique of official Washington’s irrational, and destructive, […]

October 10, 2011

How Democrats Can Make Their Case For Raising Revenue

(Bloomberg) — Social Security may be known as the “third rail” of American politics, but it is the debate over taxes that has been the “kryptonite” of the Democratic Party in recent decades. President Barack Obama has put the question of revenue increases on the front burner as part of his fiscal-policy agenda, and the […]

October 4, 2011

Spain Soaks The Rich To Trim Deficit

MADRID (AP) — Spain’s Parliament restored a deficit-reducing wealth tax Thursday in its final session before dissolving to make way for an election that opposition conservatives are favored to win. Most opposition parties criticized the tax bill as a desperate electoral maneuver by the beleaguered ruling Socialists, who argue it is only fair to hit […]

September 22, 2011

Politicians, Watchdog Groups Call For Supercommittee Transparency

Pressure is rising on the deficit reduction “Supercommittee” to operate with greater transparency as it seeks to slash more than $1 trillion from the budget this fall. The 12 members of the Supercommittee — who have received millions of dollars of contributions from special interests over the past five years — will be under intense […]

September 16, 2011

Why Obama Has Already Won the Debt-Limit Fight

July 15 (Bloomberg) — I get the feeling that it’s all over but the shouting. We may look back and say that Senate Minority Leader Mitch McConnell’s convoluted parliamentary “backup plan” marked the effective end of the 2011 debt-ceiling crisis. The winner? President Barack Obama. Sure, an agreement this month on reducing the deficit would […]

July 15, 2011

Obama Can’t Celebrate Yet

WASHINGTON — The wounded are especially dangerous fighters. President Obama now occupies the high ground in the debt-ceiling debate, having called the Republicans’ bluff on the debt. He showed that deficit reduction is not now, and never has been, the GOP’s priority. He dare not get overconfident. After thwarting the deal that House Speaker John […]

July 14, 2011