Robert B. Reich, a co-founder of The American Prospect, is a Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. His website can be found here and his blog can be found here.
Attention all thrill-seekers. You can now be a launched into outer space -- if you re willing to pay the freight. Just call up the Russians.
That s what Dennis Tito did. And this Sunday -- after paying the Russians a mere $20 million -- Dennis will lift off from the Baikonur Cosmodrome in Kazakhastan on a ten-day round trip to the International Space Station hovering above the world.
The White House is working with other nations to fight global terrorism. It also should be working with them to stave off a global economic meltdown.
There's no longer any doubt that we're in a recession. More than 400,000 jobs were lost last month, the biggest job loss in two decades. Meanwhile, national output is shrinking. Consumer spending is dropping. And consumer confidence is plummeting.
It's time to strike the term "fiscal
responsibility" from responsible political rhetoric. Few terms in public
discourse have moved as directly as this one has from imprecision to
meaninglessness without any intervening period of coherence.
It would be bad enough if the Republicans' tax plans were merely extravagantly regressive, rewarding the rich and leaving a big budget hole for everyone else to fill. But they appear just when the income gap has grown wider than it has been in more than a century. It's a double whammy. Al Gore correctly assails the Republican tax proposals, yet Gore and most Democrats have failed either to emphasize the larger regressive trends in American income and wealth or to propose the most direct remedy--a more progressive tax.