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Erskine Bowles

Obama Wooing "Economic Royalists"

Norman Solomon | Posted 05.25.2011 | Politics
Norman Solomon

The last thing we need is further acquiescence to the economic royalists. What we need is exactly the opposite: leadership to push back against the Republican Party's right-wing ideologues and the forces they represent.

We Don't Need Your Help "Saving" Social Security

Monique Morrissey | Posted 05.25.2011 | Business
Monique Morrissey

"No more benefit cuts" is actually a middle-ground position, since benefits were already cut back in the last Social Security overhaul in 1983. Under normal circumstances, Democrats should be seeking to reverse the 1983 cuts, not add to them.

The Six Percenters

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Only 6 percent of Americans think Congress should concentrate on reducing the deficit. 56 percent want it to focus on creating jobs. Guess which set of policies is the center of attention in Washington right now?

Commerce Department & SBA Merger Could Cost Small Business Billions

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

On November 10, the Obama Administration's National Commission on Fiscal Responsibility and Reform shocked the small business community with the preli...

Aqua Buddha, the Number 21 and the Deficit Commission

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

On Alan Simpson and Erskine Bowles' to-do list was a cap of government spending at 21 percent of GDP. One can only assume 21 bears some religious significance for them because it makes no sense to have this rule on policy grounds.

Friday Talking Points [146] -- Clowning Around

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Send in the clowns! No, that's not a statement on Congress returning to Washington next week. Although if you choose to read it that way, I certainly...

Hey, We're Gonna Balance the Budget! But Seriously, Folks ...

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

So-called "deficit hawks" like Kent Conrad, Erskine Bowles, and Alan Simpson aren't just unserious. They're radicals. Their positions are an extreme departure from the philosophy of government that's guided American policy for a century.

Jason Linkins

No Financial Speculation Tax: Morgan Stanley Leaves Their Mark On The Chairmen | Jason Linkins | Posted 05.25.2011 | Politics

For more on the abject unseriousness of the Deficit Commission's "chairman's mark," we go live to Dean Baker at the Center For Economic and Policy Res...

A Tale of Two Planets

Jacob S. Hacker and Paul Pierson | Posted 05.25.2011 | Politics
Jacob S. Hacker and Paul Pierson

The distance between Planet Washington and Planet Earth has never been greater. On Planet Washington, the Wall Street casino that got us into this mess is open for business while Main Street is shuttered.

Lucia Graves

Debt Commission Member Rejects Co-Chairs' 'Right-Leaning Plan' | Lucia Graves | Posted 05.25.2011 | Politics

WASHINGTON -- The leaders of President Obama's debt commission drew national ire Wednesday for proposing sweeping cuts to federal programs, including ...

Jason Linkins

Deficit Commission's 'Chairman's Mark' Doesn't Mention Wasteful Ethanol Subsidies | Jason Linkins | Posted 05.25.2011 | Politics

I'm not going to be the first one to note that the "chairman's mark" that was birthed so suddenly into our lives yesterday lacks a certain amount of s...

Sam Stein

No Warning: David Axelrod Had To Get Deficit Commission Report Off The Internet | Sam Stein | Posted 05.25.2011 | Politics

WASHINGTON -- The preliminary findings from the presidential-appointed fiscal commission calling for drastic cuts to Social Security and Medicare in a...

More Warren, Less Bowles

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

The Democratic Party debate about what to do in order to come back in 2012 rages on and will for a while: The issues and strategic implications are co...

Cutting Social Security is the New TARP

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

Politicians who signed off on TARP lived to regret the day they did. That's the same exact thing that's going to happen to politicians who sell out the middle class by agreeing to cut Social Security.

Simpson/Bowles: A Predawn Raid on the Middle Class

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

At a time when most Americans are worried about their jobs and everyone has just taken a huge hit to their retirement savings, any politician who embraces the deficit commission's proposals is committing political suicide.

Sam Stein

Fiscal Commission Chairs Gave Members Little To No Warning About Announcement | Sam Stein | Posted 05.25.2011 | Politics

WASHINGTON -- One of the more peculiar elements of the White House deficit commission chairmen's decision to release their preliminary recommendations...

Sam Stein

Debt Commission Report Targets Social Security, Medicare | Sam Stein | Posted 05.25.2011 | Politics


A Collegial Question for Peter Orszag (and Alan Simpson, and Alice Rivlin, and... )

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

I'd like to pose this question to everyone who has proposed cutting Social Security benefits: Why are you against this simple, clean, and popular idea? It's a sincere question. I'd really like to know.

The Post-Election Game Plan: Cut Social Security, Soak the Middle-Class, and Keep Taxes Low For the Rich

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Yesterday the Deficit Commission used the New York Times as a messenger service to tell politicians -- and you -- exactly what they intend to do if the election goes as expected.

Deficit Pipe Dreams: Social Security Cuts Would Increase Inequity and Keep Deficits, Er, High

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The Deficit Commission was designed to show the world's financial markets that the US is serious about cutting its debt. Instead they're going after something that doesn't affect the deficit.

Union Protests Morgan Stanley's Role in Advocating Social Security Cuts

Mike Elk | Posted 05.25.2011 | Politics
Mike Elk

One might ask, why did union members protest outside of a big bank's office when it is the President's commission that is proposing to cut Social Security?

Milk Cow Blues: Why the Alan Simpson Flap Won't Go Away

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

It's hard not to be impressed by the science-fiction weirdness of that "giant milk cow" image, which seems like a mashup of The Matrix and Babe. But the fact that he spews abuse is less of a problem than his lack of comprehension.

Tea Party Pushes Back Against Anti-Social Security K Street GOP

Mike Elk | Posted 05.25.2011 | Politics
Mike Elk

Daniel Webster, the former Florida State Senate Majority leader and a rising star within the GOP, seems to have gotten himself in hot water with some of the Tea Party movements biggest backers -- senior citizens.

Come on Down -- It's Time to Play "Social Security Survivor"!

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Some deficit cutters will promise that lower-income people will not see benefit cuts. But any cuts will break the covenant under which workers have paid payroll taxes for a lifetime. And the question remains: Where will you cut?

What You Didn't Know About Social Security but Were Afraid to Ask

Saul Friedman | Posted 05.25.2011 | Politics
Saul Friedman

Social Security is about to celebrate its 75th year, and still too many people don't know much about it. It has lasted through wars and recession, yet the reasons for its abiding strength are not universally understood.