The U.S. spends almost as much money on its military as all other nations in the world combined. Roughly 54 percent of the federal budget goes for past, present, and future wars. Why do we spend so much?
I do believe that there is a clear trend in the White House toward thinking it is better for Democrats to be unified in policy fights with the Republicans, simply because they keep getting rewarded politically when they are.
We have a jobs problem, not a deficit problem. The best way to deal with the deficit is to put Americans back to work. The real job creators are working people with money in their wallets. We can't cut our way to growth.
Negotiating does not mean caving into the Republicans' demand that you meet more than halfway. This election gave the Democrats a mandate to demand that the Republicans meet you more than halfway. We elected you to fight for us and expect nothing less.
Start diversifying your savings today while tax rates are still low. The good news is there still time to take advantage of 2012 tax rates, which may turn out to be the lowest we see in some time. Here are three strategies to help diversify before the end of the year.
The "left" is not divided on the need to oppose austerity and the Great Betrayal. Third Way is not left or center or even right. It is Wall Street on the Potomac.
Assuming the goal in the Grand Bargain is $4 trillion of deficit reduction over the next decade (that's the consensus of the Simpson-Bowles commission, the Congressional Budget Office, and most independent analysts), here's what the President should propose.
Holding a one-year extension of the Bush middle-class tax cuts hostage to an extension of tax cuts on incomes over $250,000 , as House Republicans have done, creates dangerous economic risks with little economic upside.
To move forward, America's security and prosperity depend on our children's ability to drive the economy of the future. Leaders must craft budget solutions that will protect the already porous safety nets on which so many children and families rely.
I had naively assumed the election would put an end to the games, but obviously not. Yet Obama and the Democrats are holding most of the cards now. Let's hope they use them.
The election is over, but the fight isn't. We know that we can break through the gridlock in Congress, but only by increasing pressure on our representatives in their home districts. If we speak with one voice, they'll hear us.
Republicans and their proxies argue that the fact that they held the House was America's way of saying they don't want to see any tax increases. This is wrong on so many levels. But it was predictable.
After a hard-fought and divisive election year, it's time to rebuild America's middle class -- but to do it we need to make sure the lessons from this campaign stick.
The reality is that the current system of taxation created by Ronald Reagan and put on steroids by George W. Bush is working quite well for Pete Peterson and his fellow oligarchs.
By Jan. 1, 2013, not only will millions of people owe up to 20 percent more in estate taxes, but their options for asset protection will be significantly worse, as everything over $1 million will be subject to the highest rate of taxation. Not fully exploring your options now could prove very costly.
Here's a suggestion for the National Federation of Independent Business, the group that led the legal challenge to the Affordable Care Act and has now spent over $1 million in the 2012 elections, every dollar of it either supporting Republicans or attacking Democrats.