During the months when the Congress and the press kept everyone on the edge of their seats wondering about the dreaded fiscal cliff, business behavior went on as normal -- and a mediocre normal at that. The lousy rate of job creation hardly changed. Detroit enjoyed a good fourth quarter as very low-interest rates stimulated auto sales. Christmas sales were about what was predicted, as consumers turned to their credit cards. To the extent that the economy has remained stuck in first gear, it has everything to do with high unemployment and lagging wages, and just about nothing to do with the fiscal cliff or worries about the debt ratio 20 years down the road.
Eliot Spitzer & Torie Clarke debate the Cliff deal and guns after Newtown. Should blame fall on Washington or on voters who want to spend 24 percent of GDP while only paying 16 percent in taxes and since many also "cling" to a two century near-religious belief in their muskets?
Taming future deficits requires three steps having nothing to do with entitlements: Limiting the growth of overall healthcare costs, cutting our bloated military, and ending corporate welfare.
At this point in our history, I am certain the country would be listed in realtor's terms as a "fixer-upper" or a "handyman special." This country might not have a long history compared with others around the world, but it has a strong one.
For my New Year's resolution, I want to understand the banks. I have a scientific curiosity about how these banks work. The only way I can think of to truly understand the banks is to dissect one of them.
This country desperately needs a progressive tidal wave in November 2014, and you don't get tidal waves without first creating the headwind that drives them. It is time for that driving to begin.
We are going to use our Friday Talking Points this week to point out why this deal is not just a pretty darn good one, but actually downright historic.
By Juli Weiner, Vanity Fair For your edification, a look back at the phrases, nouns, and neologisms that have, for better or for worse, shaped the ...
While vacationing in Hawaii, President Obama had no choice but to sign the long-awaited 'fiscal cliff' deal with his autopen. The administration can say what it wants, but here's the truth: Obama, like the rest of us, must have forgotten how to write in cursive.
There are many ideas of how to reform the system including campaign finance regulation, term limits and others that all, in general, figure out some way to change the rules to change the outcome. But right now the way to change the outcome is to change the incumbent through a challenge in the primary.
I don't blame the president for compromising on the fiscal cliff, but the debt ceiling is a whole other matter. Given the severe consequences of a potential default, there is no end to what the GOP might demand.
President Obama knows he can't afford to blink, and progressives should back him 100 percent: no negotiation whatsoever on the debt ceiling.
The last-minute deal to delay the fiscal cliff included good news for our nation's wind energy sector. The bipartisan compromise extended tax credits that encourage the production of clean domestic energy.
Political drama might make for good TV, but a real conversation is necessary for the future of the fiscal health of the country.
Add the Violence Against Women Act and a Hurricane Sandy relief bill to the list of things that remain a low priority for Congress. There is obvious...
When I worked at IBM and when things seemed stuck -- we reorganized! Why can't North America do the same? Take the United States and Canada, combine the various provinces, states and territories, shake vigorously, and then pour them off into three distinct vessels: one Red, one Blue, and one White. The new Red nation would correspond to the U.S. Republican states of America's heartland and Deep South, combined with the oil, gas and grain-rich provinces of Alberta, Manitoba and Saskatchewan. Let's call it "Heartlandia." The Queen would be Head of State and Newt Gingrich would be the prime minister