We are stuck in a recurring nightmare inflicted by a few individuals with an agenda of undermining government no matter the cost. That nightmare is ignored by too many who seem oblivious to the real consequences of this stalemate for those less fortunate.
We need more outrage about these other Red Lines, the ones hurting our country. Where are the American people? Where is the outrage? We can do better. We are the United States of America -- we must do better.
Markets can process and react to good news or bad news, but they hate uncertainty. We view the continued uncertainty over tapering as a potential negative.
While real economic progress has been made since Obama was first elected President, Republicans haven't contributed to it. They haven't been part of the solution but, rather, they've fought Obama at each step and, as a result, become part of the problem.
The Congressional Budget Office's new long-term budget projections show that putting the budget on a sustainable long-term course remains challenging but is significantly more manageable than in previous projections.
How this economic recovery is going depends very much on who you talk to. New figures out today show that our nation's poorest children -- the most vulnerable among us -- remain caught in a bust.
The dizzying array of back-and-forth is not just a display of Washington's dysfunction at its finest; it also shows the desperation of the anti-Obamacare lot.
You want to know what's actually well-established in American fiscal policy? It's a budget process where both sides lay out their visions in terms of future receipts and outlays, hammer out a compromise in conference, and pass a budget.
In this case, it's the Australian elections. Conservative Tony Abbott led his Liberal-National coalition to a smashing victory over Prime Minister Kevin Rudd Saturday, leaving the Labor Party at a 100-year electoral low point.
When Congress comes back next week, Washington will increasingly focus on what it calls "fundamental" tax reform. But it won't be entertaining reform capable of fundamentally shifting employment patterns and generating the jobs we need.
We need to start at the beginning. Support our children. Educate all children. Rework the justice system. Help those who make small mistakes to atone for them and reintegrate successfully into society, rather than losing them into the system.
President Obama should simplify his economic message. He should talk about what America needs, and that we must pay to do it or Republicans will sit idly by and allow the country to crumble.
This Labor Day, I hope you take a moment to honor those who came before you and consider how you can inspire and support younger generations in their struggles for justice at work and for their future retirement.
Some people say we should just repeal the rule that lets companies defer taxes due on profits earned outside of the country until they bring it home. But that undoes the benefits that were the original reason to allow deferral.
The next Fed Chair will need to be more than another insider bureaucrat. She will need to be an action hero who can kill zombies (i.e. Milton Friedman clones) and save the planet.
Are threats to oppose a debt ceiling increase ever defensible? More specifically, can they ever be justified as a form of leverage--as a tool to force...