D.C. can easily cover the sequester cuts, given the $400 million budget surplus it announced earlier this year. The outstanding question, however, is whether or not Mayor Vince Gray will be an advocate for this city's growing poor population.
A key reason that it's relatively easy to scaremonger about predictions regarding Social Security's finances decades in the future is that the language often used to talk about Social Security's finances isn't immediately comparable to anything else that most people can relate to.
The right pushes a delusional narrative of a country divided between "makers and takers" -- productive go-getters versus welfare-hungry sloths. But it's all too clear who the real takers are: the ones who make it harder for everyone else to make a living.
The positive news is that the safety net, bolstered by temporary expansions enacted during the recession, has helped hold the line against poverty and hardship in the past few years. But the safety net also has significant holes.
To provide some historical context to the current public discussion of income inequality, we're releasing a series of posts this week that examine trends in income inequality in recent decades and outline different data sources to examine the issue.
If Congress backs away from the automatic cuts in defense that the Budget Control Act calls for, the GOP will have little incentive to negotiate a balanced deficit-reduction deal. Their top priorities, tax cuts and defense programs, will both be protected