To equitably reduce the deficit in a way that maintains good faith with the American people requires tax increases. Yes, new taxes are necessary. Especially those focused on the speculators who caused the crash.
A college education has become an expensive commodity nearly inaccessible to many young adults who grew up in some of our most disinvested-in communities and school districts. One important, underutilized answer: employer-customized training.
2012 was the year when people started freely telling casual friends they were broke -- or living in their car. It was the year that contract-thumping moralists lost their voice. It was the year that sleeping on a friend's couch became acceptable and accepted.
Just as prosecuting those who lied on their gun permit applications might deter them from future criminal activity, so might the brokers of Wall Street and the bankers be deterred, were some of them to spend some time in prison.
In order to avoid a recession that would aggravate the country's unemployment problem and reignite concerns about housing and household finances, Democrats and Republicans need quickly to find a way to work together. While possible, it is hard to see how this happens endogenously.
Many economic indicators suggest a fairly robust economy, believe it or not. We have spent the past year and a half listening to the presidential candidates tell us how bad everything is, but statistics say otherwise.
For many, the holidays bring mixed feelings. The formerly solid middle class will continue to go to food banks offering free groceries. The lower class is fairing much worse as poverty knows no holidays. The main currency many Americans have this holiday season is hope for change.
Republicans should have won. The economy was having more trouble starting than my dad's Pinto back in '70s, and Barack Obama had gone from the black Kennedy to the black Jimmy Carter. Fate was practically holding the door to the White House open for Republicans.