There’s a fatal flaw with the bold progressive agenda the president is promoting: Paying for it.
Budget
Posted inMoney, Politics, and Power
The Return of the Balanced Budget Amendment
Republicans’ singular focus on deficit reduction is less about the economy, and more about repairing the fractous GOP.
Posted inMoney, Politics, and Power
The President’s Dream State
In his address last night, Obama outlined a bold progressive agenda. Too bad it doesn’t stand a chance in Congress.
Posted inMoney, Politics, and Power
Jobs and Growth, Not Deficit Reduction
Our deficit, relative to the economy, is half what is was in 2009.
Posted inMoney, Politics, and Power
The Austerity Lobby Loses One
Groups like the Pete Peterson foundation and the Fix the Debt campaign are pouring money into tightening other people’s belts. They failed—so far.
Posted inMoney, Politics, and Power
All Hail Wall Street
The tax scheme in the fiscal-cliff bill reflects the ascendency of capital over labor among Democrats as well as Republicans.
Posted inMoney, Politics, and Power
Give Barry a Break
The president deserves credit for the deal he achieved with congressional Republicans on the fiscal cliff, but the debt ceiling is an issue he can’t compromise on.
Posted inMoney, Politics, and Power
Is the Fiscal Deal a Recipe for National Decline?
Interest payments will rise as domestic spending falls.
Posted inMoney, Politics, and Power
The Endless Cliff
Going forward, Obama will have to stand his ground on spending cuts and the debt ceiling.
Posted inMoney, Politics, and Power
Retrench Warfare
The Democrats won this round of the fiscal-cliff standoff, but now let’s get to the right debate.
