The European sovereign debt crisis remains a serious threat, but not because a collapse of Greek, Spanish or Italian debt would infect confidence in U.S. Treasuries. The real issue is that such a crisis would threaten the solvency of many major French and German banks.
Since 2007, the median net worth of the American family has plunged nearly 40 percent. A deficit reduction plan that includes a modest tax increase on the two percent who can most afford it is our best hope for moving ahead in a fair and balanced way.
Is John Boehner just worried about his leadership position? Is he really putting his own re-election as Speaker of the House before all else? Here are Boehner's major possible routes out of the fiscal cliff discussions, in chronological order.
As Keynes emphasized, "The boom, not the slump, is the right time for austerity." Following this maxim, the grand bargain should contain special belt-tightening provisions that raise taxes above Clinton era rates if unemployment falls significantly below the 6 percent mark.
When people say that we need a "balanced approach" to reducing our debt and being fiscally responsible, what I hear is: We need to balance what is good for the whole country with what is good for a few super wealthy and powerful people.
I can tell you that when low wage workers and middle class employees suffer, our nation suffers. Let us hope that our politicians right a fiscal wrong rather than running us over a cliff that they created for us.
Our goal shouldn't be to shift Medicare costs to seniors and make health care more expensive. It should be to make the wealthiest pay more.
The "tax the rich" policies so far being discussed (at least the ones that leak out to the public) are laughably timid and tame, when you really examine the big picture.
Should all the tax cuts be allowed to expire? Probably not. Should the tax cuts on those making over $250,000 expire? I really think so. Do we need to look at cutting our spending, too? Of course.
I've seen you on television chatting up your debt reduction proposal. And while you come across as a likable guy, your claim to be working on behalf of the next generation of young Americans is bogus. Here's why.
Right to the brink! Or maybe not. ...
The fiscal cliff Americans are being told to fear is really a fake cliff built on a cable news set, using green screen technology and computer generated imagery.
By linking the welfare of working-class Americans directly to the prosperity of the rich, the Republicans can protect the insulated interests of corporations and the wealthy without the fear of backlash.
What most Americans understand is that, unless Congress acts, their taxes will go up on January 1st. What is less well understood is that there also could be be a series of automatic spending cuts. During this process, progressives have three major opportunities.
Haven't you read about it somewhere else already? Do you want me to repeat what you already know? Offer an opinion that definitely doesn't matter and won't change your mind?
It is time to resume discussion about the possibility of a political realignment that would make Democrats the leading national political party for a generation.