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.
The next few weeks are critical in determining whether or not the economy is on a self-sustaining path.
The debt ceiling is not a credible bargaining chip, and trying to use it as such shows desperation and bad faith on the part of the GOP.
It may be politically popular to yell about deficits being bad, but political popularity cannot change arithmetic. If President Obama wants to boost the economy, he will need to get more government spending to put people back to work, which will mean larger deficits.
Republicans were going to spend August talking up their own theme of "Fighting Washington." Obama has undercut this theme in a big way already -- by pointing out that anyone in Congress is not just part of Washington, but in fact they are failing miserably.
For families to have any chance of accessing the middle class, they need to start with a stable home in a strong community.
We have turned economics into a morality play. Austerians share a visceral contempt for government deficits. They do not just think deficits are bad as a matter of policy; they think deficits are bad, period. But anyone with a cursory knowledge of economic history rejects this narrative.
A generation from now, will good grades be enough to get you a good life? Is that already a fiction? Will you merely re-live the struggles of your working or lower or middle-class family, and never, ever get ahead?
If countries are allowed to act as tax havens against a financial speculation tax or any other measure it is because the administration in Washington is content to let them act as tax havens. When it actually wants something to happen, the Obama administration, like its predecessors, is prepared to do a full Snowden.
It's time for broad bipartisan support for critically important investments in young children. And we must get this right for children: not for test makers, not for adult interests, but for children -- especially the poorest children.