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.
Once again, politicians are quietly scheming about ways to implement Wall Street austerity plans, including cutting important systems like Social Secu...
Romney is a salesman; he is a closer. He sounds convincing, confident and certain. But while he is never in doubt, he is frequently wrong. And worse, he is often misleading.
Congress in 2011 mostly ignored the 16.1 million poor children and the 7.3 million extremely poor children in need. We cannot leave millions of children without hope or a vision of a future worth striving for in our materially powerful but spiritually poor nation.
I write this missive in the year 2014 from my small, poorly ventilated office in the Shandong Province of China where my job and millions of others have been outsourced by President Mitt Romney and his Republican allies in Congress.
Anyone who is really serious about solving the revenue problem should be advocating a full repeal of the Bush tax cuts -- or some comparable outcome via tax reform.
Regardless of who wins the presidential election, entrepreneurship will pick up. But growth will be highly controlled unless government starts to recognize the financial realities of small business.