The public should recognize that the battle over the course of Fed policy is hugely important to the well-being of tens of millions of families. It should also recognize that the folks willing to deny these people jobs and wage increases will not feel constrained by the truth in pushing their agenda.
Last week we got another opportunity to see the thinking of the very rich when Jeffrey Immelt, the CEO of General Electric, complained at a summit with African heads of state and business leaders that there is even an argument over the reauthorization of Export-Import Bank.
Problem: Your right-wing brother-in-law is plugged into the FOX-Limbaugh lie machine, and keeps sending you emails about "Obama spending" and "Obama deficits" and how the "stimulus" just made things worse. Solution: Here are three "reality-based" charts to send to him.
Please refrain from stealing any office supplies when you leave. First of all those things are the property of the American taxpayer and secondly the baboons we replace you with might actually need them.
America's federal budget deficits have actually shrunk by nearly $5 trillion since 2010. The CBO's projection for the budget deficit this year is smaller than it's been on average over the past 40 years. In short, the economic evidence is clear: This deficit is no longer an urgent issue. But there are, in fact, deficits that demand immediate attention.
Gene Steuerle is not a standard right-winger who believes that a dollar in the pocket of a middle class or poor person is a dollar that could be in the pockets of the rich. He is a serious budget analyst who has does important work on tax and budget issues for more than three decades.
If GDP growth is that dependent on workforce growth, and 1990s growth repeats itself -- which was the longest uninterrupted economic expansion in our history that also gave us four years of budget surpluses -- then we may see the next generation about to take charge. They could turn out to be much more industrious than we know!
The Paul Ryans of America have lost the bet fair and square. The tax cuts experiment has had plenty of time to show results, but the only people whose economic situations have improved since the Bush tax cuts are the wealthiest 1 percent of society.
The Congressional Budget Office's new long-term budget projections, released today, are very similar to those that CBO published in September 2013 and to ones that we released in May 2014. They show that the nation's fiscal outlook is stable for the rest of this decade and then worsens gradually.
This ad will likely be followed by other companies' ads -- all competing freely in a marketplace for customers -- which means it does represent a historic turning point.
America has always been made stronger -- economically, democratically, and as a world leader -- by welcoming new citizens and allowing them to lend us their talents, their energy, and their new ideas. That's how we succeeded in the 20th century -- and it is the recipe for success in the 21st century as well.
A balanced federal budget isn't a pipedream or some crazy economic theory that will never come to pass. Our home states of Ohio and Minnesota balance their budgets thanks to constitutional requirements, as does nearly every other state in the nation.
Every so often, in the world of legislation, California lives up to its own self-image of trendsetter. This is one of those times.
The 2004 tax holiday only made things worse because companies realized they could get out of paying taxes entirely if they moved profits offshore and held out until the next holiday season. If we do it again, every company will be compelled to move jobs, factories and profit centers out of the country to stay competitive.
Together, we must urge our elected officials to implement accrual accounting principles at the federal level so that our nation can finally have accountability based on accurate financial information.
With all due respect to Sen. McCain, I have a different take on this. I, too, am outraged by the lack of care that many of our veterans have received, but I'm not at all bewildered by it. In fact, I saw it coming for years.