If the Democrats are seen as being unable to protect our economy, voters will lose faith in them and pave the way for Republican victories in the 2014 and 2016 elections.
It isn't Social Security and Medicare that are killing other social programs, but Republican refusal to support them. The ratio of public debt to GDP is roughly stable for the next decade. If we begin making cuts now, whether in Social Security and Medicare, or in other outlays, we will slow the recovery. That will only worsen the debt ratio over the long term, and at a depressed level of economic output. Republicans do resist higher taxes, but at times Democrats have prevailed in raising taxes on the rich -- with the full support of the voters. President Clinton managed it in 1993, and even President Obama, though he settled for too skimpy a bargain, got Republicans to vote for a $630 billion tax hike on the top one percent last January. Faced with a choice of cuts in Social Security and Medicare or tax increases on the wealthy, polls show that most voters opt for the taxes.
Paul Ryan introduced his version of the Republican budget this week, and it seems Ryan has agreed that two or three of President Obama's biggest budget victories actually do significantly cut the deficit, and are therefore worth including in the Republican plans for the future.
We need to make it clear that addressing modern slavery is not only a human rights issue, it's a function of our identity. We're creating controversy over something incontrovertible. The very shape of Lincoln's shadow is an icon of freedom.
Who will hurt the most: the middle class or low-income families? Will seniors suffer while children fall further behind? Who will have to tighten their belts more: the military or moms?
At the end of the day, a benign result will turn on whether any deal is actually "balanced" -- not in the same sense Obama has used the word in terms of cuts versus taxes -- but rather in terms of political wins for each side. So far both sides have only have wins that are in large part losses.
Coupled with state budget shortfalls (which will worsen when federal cuts kick in), sequestration will set immigrant children and their families further back. If so much of our future workforce falls behind now, all of us will face the consequences in the future.
Obama, trying a new tack on the sequester and overall fiscal fronts, has embarked on an extensive program of reaching out to Republican members of Congress, having privately had a number of them over a couple of evenings this week at the White House.
The answer for Congress and the stalled action on the sequester? Michigan has some winning ideas.
The fact that government devotes too much to Social Security is no argument for spending too much on the military. With the threat of runaway deficits, debts, and interest payments, the U.S. cannot afford any budget sacred cows.
Who or what is going to be sequestered? I mean even the name of H.R. 5872 (112th): Sequestration Transparency Act of 2012 is a non-sequitur. A transparent sequestration? What the hell does that mean?
As the federal, state, and local governments do less for folks in need, and charge more for what they do, people in the middle and lower rungs of the distribution tend to suffer disproportionally. We really need the overdue increase in jobs and wages now.
This is shaping up to be quite a victory for the GOP. Unless something changes, they're about to see a core Democratic program cut -- and the Democrats will take the heat for it!
"When every school, police station, firehouse, hospital, park government contractor, airport and bridge in their district has to close, I hope their grateful constituents will come see them at their next campaign picnic."
By Vivek Wadhwa Vice President of Academics and Innovation, Singularity University. Imagine a world with unlimited food, water, and energy--in which ...
If we accept the position that public social support has to have some rational limits, then many more people must build on whatever that base of support will be to push their lives further forward with their own efforts, brains, energy and ambition.