People of faith and of conscience must add their voices to tell Congress to act reasonably and responsibly. Rejecting the House leaders' efforts later this summer to extend the unfair tax breaks for the top 2 percent would be a good start.
For years now, economic forecasters have continuously predicted recovery, gotten a spate of bad news, and pushed their recovery prediction out a few quarters. The problem is structural, i.e., it's in the models.
A budget is much more than numbers and a bottom line; a budget should reflect national priorities. Unfortunately, the Ryan budget prioritizes sharply reducing spending and cutting taxes on the wealthy -- at the expense of good economic stewardship.
Alan Greenspan said something about the budget deficit on Tuesday. The reason this is "news" is because it is shocking that Alan Greenspan is still allowed ever to speak publicly about matters of importance.
The economy did not regain the jobs lost in the 2001 recession until 2005, and even then it was on the back of another unsustainable bubble, this one in the housing market. And we know how that one ended.
The time has come, from both a scientific and exploration standpoint, for NASA to embark on a robotic mission to bring rock and soil samples back from Mars, but the Agency -- and the administration -- appear to be shying away from the challenge.
Congress must take control of the federal budget process, which means taking responsibility for all spending programs to get the deficit under control. If Congress doesn't start relearning how to fly, we all need to be prepared for a fiscal crash.
All of us want to put America back on a sustainable fiscal path, but to do so everyone must be asked to pitch in. The Republican budget, however, places the entire burden of deficit reduction on the middle class, seniors, and the most vulnerable.
It is time for our political leaders to focus on what it will take for government to succeed against a tide of increasing challenges and decreasing resources. More politically motivated quick wins are not the answer.
I'm left to wonder, what is the source of SIFMA's sudden cost-consciousness? Because I don't seem to recall ever having heard the association express similar alarm over the costs to investors of the $20 billion or so Wall Street manages to scrape together for bonuses each year.
The Western world is divided between two visions of our economic future. One is of austerity and the other is of growth. One is of hope and possibility, the other of despair and cynicism. The battle between these two visions has divided the United States and the entire Western world.