Robert Kuttner

Robert Kuttner is co-founder and co-editor of The American Prospect, a professor at Brandeis University's Heller School, and a distinguished senior fellow of the think tank Demos. He was a longtime columnist for Business Week and continues to write columns in The Boston Globe. He is the author of Obama's Challenge and other books.

Recent Articles

Still More BS

AP Photo/Alex Brandon
We all do things that we regret. President Obama must surely regret that he ever listened to the extreme deficit hawks back in early 2010, when he appointed the Bowles-Simpson Commission, the fiscal zombie that just won’t die. The commission is long defunct. The recommendations of its majority report never became law (because that required a super-majority). But the dreams and schemes of B-S have become the gold standard of deflationists everywhere. The test of budgetary soundness is: does it meet the recommendations of Bowles and Simpson? On Tuesday, the depressive duo were at it again, calling for additional deficit reductions of $2.4 trillion over a decade. This is almost a trillion dollars beyond what President Obama and Congress are considering. This clarion call was issued under the aegis of the corporate group, “Fix the Debt,” a bunch of millionaires and billionaires urging regular people to tighten their belts for the greater good. Quite apart from the impact of particular...

Pretty Words, Dismal Economics

AP Photo/ Evan Vucci
AP Photo/ Evan Vucci President Barack Obama at a pre-kindergarten classroom at College Heights Early Childhood Learning Center in Decatur, Georgia last week. The president is traveling to promote his economic and educational plan that he highlighted in his State of the Union address. B arack Obama’s State of the Union address last week—which called for, among other things, universal pre-K and raising the minimum wage—offered a bold program for rebuilding the middle class. But the president’s continuing commitment to budgetary austerity makes these commitments hollow, if not cynical. And just as Obama and the Democrats paid the price in the 2010 midterm election for excess caution and conciliation, the results of tokenism are not likely to be pretty in the midterms of 2014. Obama's plans for rebuilding the middle class will cost money. Universal pre-K alone would require upwards of $20 billion a year. Unless the president cynically imagines token “demonstration” programs, job training...

Outsiders as Insiders

Flickr/Office of Governor Patrick
Flickr/Office of Governor Patrick M assachusetts could be the harbinger of a hopeful national trend in Democratic Party politics – the reformer as regular. For 16 years, this bluest of blue states oddly kept electing Republican governors. Between 1990 when Gov. Michael Dukakis stepped down and 2006 when Deval Patrick took the governorship back, no fewer than four Republicans sat in the governor’s chair. And then Democrats blew the special election for Ted Kennedy’s seat in January 2010, when Scott Brown upset Attorney General Martha Coakley. This occurred in a state that reliably votes Democratic for president, and hasn’t sent a Republican to the U.S. House since 1994. Despite the Democratic sentiments of Massachusetts voters, the institutional party has often seemed dysfunctional, decrepit, and not welcoming of new blood. In this odd history, however, one fact screams out. The two big statewide winners of recent decades were complete outsiders—Deval Patrick and Elizabeth Warren...

Deficits: The End of an Obsession

AP Photo/Alan Diaz
The consensus around debt reduction is beginning to crumble. Some straws in the wind are more careful attention to the actual numbers, as well as public conversions by such key players as Larry Summers and Peter Orszag, two former top aides to President Obama, who only yesterday were key members of the deflate-your-way-to-recovery club. Summers wrote a piece in Wednesday’s Financial Times titled “End the Damaging Obsession with the Budget Deficit,” pointing out that the more serious deficits were in jobs, wages, and infrastructure. His former colleague Orszag wrote a piece pointing out that the rest of the budget is in decent shape—the huge outlier is federal health care costs, projected to rise from 5.5 percent of GDP now to 12 percent by 2050. President Obama, in his second inaugural address, had little to say about deficit-reduction as some kind of panacea and more about broadly-shared recovery. In the era of the Bowles Simpson Commission, the Peterson Foundation’s regular...

The President's Running Room—and Ours

AP Photo/Susan Walsh
AP Photo/Susan Walsh P resident Barack Obama won a tactical victory on New Year’s weekend by forcing Republicans to raise taxes on the top 1 percent, but he has far bigger challenges to address—and so do progressives. The economy is still at risk of several more years of hidden depression, with a high level of unemployment and no wage growth. The initial budget deal, thanks to Obama’s post-election toughness on tax increases on the rich and pressure by unions and progressive organizations not to cut Social Security and Medicare, was better than it might have been. But still to come are debates over budget cuts, with Republicans having the leverage of an automatic $120 billion “sequester” for this fiscal year now postponed to early March, if Congress fails to legislate its own additional deficit reduction. In principle, Obama has committed to $4 trillion in budget cuts over a decade, a sum that would be a huge drag on the recovery, leaving too little for the public investment necessary...

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