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...
Inflation has fallen so low that it threatens this economic recovery, yet some Fed Governors are talking about ending the QE3 securities' purchases. ...
Gov. Pat Quinn estimates that the pension liability grows by $12.6 million every day. We've heard about this issue for so long that it's become a jumble of doom-laden numbers all so large they are difficult to comprehend.
Republican-on-Republican fear-mongering is such a treat to enjoy. In this case, establishment Republicans vs. the Tea Party.
While corporate profits soar and our biggest corporations increase in value by billions, the people of the city of Detroit, some of whom are also the customers and employees who keep those corporations in business, are insolvent.
President Obama seems to think that the country should be thankful to Larry Summers that we didn't have another Great Depression. This is like telling little kids that if they don't eat their spinach the bogeyman will get them.
As a physician trying to treat sick health care, I follow this critically ill patient closely. What do I see? I see the "treating doctors" arguing a...
This is where the GOP's insidious motive comes again into play, namely naked, crass, go for the jugular politics. By embarrassing Obama at every turn on the budget, the GOP hopes to make him and the Democrats the perennial fall guy for the budget gridlock.