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Entries by Robert Reich from 04/2011

Why We Must Raise Taxes on the Rich

| Posted 04.04.2011 | Politics

The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.

Paul Ryan's Plan, the Coming Shutdown, and What's Really at Stake

| Posted 04.05.2011 | Politics

Republicans may get blamed now for a government shutdown. But if these shutdowns contribute to the belief among Americans that government doesn't work, Republicans win over the long term.

Why the Right-Wing Bullies Will Hold The Nation Hostage Again and Again

| Posted 04.10.2011 | Politics

The president continues to legitimize the Republican claim that too much government spending caused the economy to tank, and that by cutting back spending we'll get the economy going again.

Mr. President: Why Medicare Isn't the Problem, It's the Solution

| Posted 04.13.2011 | Politics

I hope when he tells America how he aims to tame future budget deficits the president doesn't accept conventional Washington wisdom that the biggest problem in the federal budget is Medicare.

President Obama's Real Proposal (and Why It's Risky)

| Posted 04.15.2011 | Politics

There's one big weakness in the president's budget plan. The whole thing depends on the recovery picking up steam. If the economy doesn't improve, his process could backfire and lead to indiscriminate cuts in the future.

Extortion Politics: Why Won't American Business Stop the GOP From Threatening to Blow Up The Economy?

| Posted 04.19.2011 | Business

No group of legislators is entitled to threaten to crash the United States economy if its demands aren't met. But the biggest surprise in the current debt ceiling standoff is the silence of American business and Wall Street, who have the most to lose.

Beware the "Middle Ground" of the Great Budget Debate

| Posted 04.22.2011 | Politics

To think of the "center" as roughly halfway between the president's and Paul Ryan's budget proposals is to ignore what Americans need and want. For our political representatives to find a "middle ground" between the two would be a travesty.

The Wageless Recovery

| Posted 04.26.2011 | Business

America's jobless recovery is becoming a wageless recovery. That puts the odds of another recession greater than the risk of inflation. Wall Street and its representatives in Washington don't understand -- or don't want to.