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

The Importance of Elizabeth Warren

(AP Photo/Michael Dwyer)
The Boston Globe , Politico, and Huffington Post are all reporting that Senator-elect Elizabeth Warren has been granted her wish to get a seat on the Senate Banking Committee. This victory for progressives is huge. It means that Senate Majority Leader Harry Reid—who makes the committee selection, later ratified by the Democratic caucus—did not cave to pressure from either the financial lobby or from Senate Banking Committee Chairman, Tim Johnson of South Dakota, who is effectively part of that lobby. (South Dakota gutted its usury laws decades ago to make the state hospitable to the back office operations of the biggest banks.) It isn’t just that Warren is a resolute progressive. It’s that she knows so much about the financial industry, from her years as chair of the Congressional Oversight Panel for the TARP, and before that as one of the leading scholars of bankruptcy and consumer abuses. And it’s that she’s incorruptible, as well as very smart. More than your typical freshman...

Republicans, Exposed

(Flickr/David Silver)
President Barack Obama’s persistence has managed to smoke out House Speaker John Boehner and the Republicans. Their just-announced plan for cutting the deficit is what we suspected: cuts in Medicare and Social Security; no higher tax rates on the rich; limits on tax deductions that would hit the middle class as well as the wealthy, but only raise half the revenue of Obama’s plan; and a lot of fudging with numbers. The Republicans might as well be parading around with a sign that reads “Kick Me.” None of this stuff solves the real problem of getting a recovery going. If you believe that deficit reduction is required, it doesn’t even solve that. And the plan cuts into social insurance programs that are hugely popular, while Obama defends them. Best of all, the corporate deficit hawks marching under the banner “Fix the Debt” are left out in the cold. Nobody is emphasizing austerity as an economic cure. Corporate Democrat Erskine Bowles is yesterday’s news (sit down, please), almost as...

Greedy Geezers, Reconsidered

(Seymour Chwast)
F or three decades, conservative critics have been warning that the elderly are living too well at the expense of the young. Since the early 1980s, financier Peter G. Peterson has been predicting that Social Security’s excessive generosity would crash the retirement system and the economy. The late British journalist Henry Fairlie, in 1988, famously wrote a piece in The New Republic with the cover line “Greedy Geezers,” faulting the elderly for living too well at the expense of the young. (Seymour Chwast) Thanks to the economic boom of the late 1990s, senior bashing went into temporary eclipse. With full employment and rising wages, payroll tax receipts swelled the Social Security trust funds. In the three years between 1997 and 2000, the system’s projected year of reckoning—when it could no longer pay all of its claims—receded by eight years (from 2029 to 2037). At that rate, Social Security would soon be in perpetual surplus. All it took to balance the system’s books was decent wage...

Fix Gene Sperling

The corporate-led group, Fix the Debt, is having its latest conference next Tuesday, December 4. Fix the Debt wants massive cuts in Social Security and Medicare, of the sort that the Obama administration has pledged to resist. The usual suspects will be there—Michael Peterson who runs the Peter G. Peterson Foundation, Maya MacGuineas who heads the Committee for a Responsible Federal Budget, Stuart Butler of the Heritage Foundation, and several corporate CEOs. But look at who is providing cover for this rightwing crusade. Obama economic chief Gene Sperling is giving a major speech. Does one hand at the White House know what the other is doing? And liberals John Podesta and Neera Tanden of the Center for American Progress are also getting star billing, as is former AARP policy chief John Rother. Liberals should boycott this crowd and its austerity message, not lend it innocence by association.

A New, Tougher Obama?

(AP Photo)
In response to pushback from Congress and progressive activists following a report in Thursday’s Wall Street Journal that Obama had offered to be “flexible” on tax-rate hikes for the very richest, the White House formally unveiled a tough bargaining stance: $1.6 billion in tax increases over a decade, all on the top two brackets, and no tax hikes for the bottom 98 percent. The White House proposal included only $400 billion in spending cuts over a decade, none of which cut into Social Security or Medicare—details to be filled in later. Obama also proposed a change in the law to eliminate the obstructionist ritual of requiring a congressional vote to periodically increase the debt ceiling. (The debt increase has already been obligated by previous congressional actions, so the debt-ceiling vote is entirely redundant and nothing but an opportunity for mischief.) The Republicans, not surprisingly, dismissed the White House position out of hand. Two things are encouraging about Obama’s...