This is ultimately not a debate about percentage points, but a fight for a benefit Americans have earned through a lifetime of contributions. Social Security does not contribute to the deficit, and has no place in discussions over grand bargains aimed at reducing our nation's debt.
WASHINGTON -- With Congress gridlocked in debates over taxes and spending, the new chair of the Senate Budget Committee, Sen. Patty Murray (D-Wash.), ...
As the Carnival in Brazil kicked off last weekend, Brazilians were ready for a party. They have reasons to celebrate. Despite a lackluster GDP performance in the last two years, unemployment rates remain at record low levels.
Austerity, in the form of forcibly moving the federal budget closer to balance despite the presence of high and sustained unemployment, will in no way or form assist the American economy.
Putting aside the debates between the effectiveness supply-side economics and whether an increase in sales tax would disproportionately negatively impact the poor, state sales tax only plans cannot make up for the lost revenue under current laws. The reason?
Kansas Gov. Sam Brownback (R) used his State of the State address Tuesday evening to push to eliminate the state income tax and to call for overhaulin...
WASHINGTON -- Lying just beneath Mitt Romney's dismissal of nearly half the electorate at a high-dollar fundraiser in May is an admission not as immed...
This week's headscratcher from the WSJ op-ed pages came Friday, titled "Who Really Gets Rich off High Gas Prices?" Oil companies and countries that ...
So Democrats may have to come up with a new narrative. They can not flourish by promising to be the party that raises taxes and makes cuts to popular programs, even if they succeed in inheriting the Republican's former mantle as the party of fiscal responsibility.
Whenever Newt Gingrich has been asked to explain why he is supposedly more "conservative" than other Republican presidential candidates, he has replied that he "helped Ronald Reagan and Jack Kemp develop supply-side economics." If that were true, I would know about it.
I've just returned from a sojourn in an alternate historical universe, which is to say I've been in South Carolina, listening to the Republican presid...
This month the Republicans took a stand against tax cuts because of the fiscal implications of those cuts. For the first time in recent memory, Milton Friedman and the Republican Party of my grandfather were redeemed. This was a significant point that should not be lost.
I applaud the president for making the case against regressive tax cuts as the lodestar of economic policy. We cannot afford to double down on the failed, plutocratic pipe dream that is trickle down economics.
Whether it's the bronze bull encountered by those occupying Wall Street, the fixation with a Chris Christie presidency not to be, or the ex post facto...
Imagine you are a rich person who desires more money. You could boldly ask people to give you cash, but many might suspect that you don't "need" it. So what can you do? Consider the following two tales from the world of sports and politics.
The reality-inverting summer of 1981 laid the foundation for a dissociative political culture that nothing yet has been able to shake, and we're all paying the price.
We are still in some sort of a disinflationary spiral. Yes, I said disinflation, which means the rate of inflation is falling, not rising as the holders of debt would have us believe.
President Obama's putative embrace of the false notion that businesses need more financial incentives in order to hire risks giving legitimacy to the same supply-side economic approach that has failed for the past thirty years.
Age of Greed is clumsily-written and repetitious. It does not pay sufficient attention to structural problems and global challenges to America's economy. Nor does it provide clearly delineated alternatives to the misguided policies of the past.
Supply-side economics is a hearty perennial, one that closely follows the election cycle. Every four years ambitious Republican politicians rediscover that the wealthy would like to pay less in taxes.
As conservative movement figure Grover Norquist put it, "I don't want to abolish government. I simply want to reduce it to the size where I can drag i...
There is something very strange about the way both Democrats and Republicans framed the conversation about tax cuts. Both sides were framing it in terms of distinguishing among the middle class and rich. But that is simply not true.
Whatever Obama accomplished during his first two years in office his decision to normalize the sweeping changes in American governance of the George W. Bush period will likely neutralize any lasting positive effects for Democrats.