Joe Biden’s legacy could come down to blue-state governors.
Budget
Posted inEconomic Policy
The Government Is Still Operating Under Trump’s Budget
Trump-era austerity for the regulatory state has been in place since Biden’s inauguration. That must end next month.
Posted inEconomic Policy
Remote Workers Punch Holes in City Revenues
Cities hard hit by the pandemic economic slowdown maneuver to keep local income taxes flowing.
Posted inEconomic Policy
How the Corona Crisis Liberated Massive Public Spending: A Prospect Roundtable
Five distinguished economists comment on the role of deficits and debts in preventing a depression.
Posted inEconomic Policy
Deficit Lessons for the Pandemic From the 2008 Crisis
This is part of our economists roundtable on the corona crisis. Economics is sometimes defined as the science of scarcity. If resources are scarce, it would seem, a country can’t print money, give it to someone, without consequences: There will be inflation, and those receiving the money will get resources at the expense of others. […]
Posted inPolitics
Republicans Propose Automatic Cuts to Critical Programs—and Democrats Help Them
A bipartisan budget proposal would set up a reflexive process to reduce spending above a projected threshold.
Posted inHousing
Public Housing Is Going Private, and It’s Congress’s Fault
HUD has turned to the private market for money that legislators won’t provide.
Posted inEconomic Policy
Where Your Tax Dollars Really Go
Contrary to Republican talking points, programs like welfare and food stamps make up a tiny fraction of the federal budget.Â
Posted inEconomic Policy
The Cost-Benefit Boomerang
The right devised cost-benefit analysis to discredit regulation. Now this technique is showing massive net benefits, and the foes of environmental regulation are in a panic.
Posted inMoney, Politics, and Power
Republicans Proved Deficits Don’t Matter
They aren’t a problem politically, and they benefit the country economically. But Republicans only admit this when one of their own is in the White House.
