The Penn Wharton Budget Model, bankrolled by finance moguls, is out to grow its power in Washington.
deficit
Posted inMoney, Politics, and Power
Critical Tests for the Biden Administration’s New Team
If the new chief of staff and National Economic Council Director want to prove that they aren’t diverting the administration back to a neoliberal footing, here are a few options.
Posted inTAP
Beware Debt Hysteria
Today on TAP: Spending cuts for the sake of debt reduction would weaken both Biden and the economy.
Posted inEconomic Policy
The Twilight of the Deficit Hawks
Democrats have stopped being the willing partner in a great conspiracy to slash social insurance.
Posted inPolitics
Joe Manchin’s Dumb Budget Idea Already Failed Before
In 2011, Congress created a ‘super committee’ to come to a bipartisan compromise on austerity. It didn’t work.
Posted inMoney, Politics, and Power
The White House Debt Limit Strategy: Dismiss but Don’t Reject
Janet Yellen is stating that there’s no alternative but for Congress to increase the borrowing threshold, while giving herself room to take action if they don’t.
Posted inTAP
Is Kevin McCarthy’s Secret Weapon Joe Biden?
Today on TAP: Biden has a history of needlessly capitulating to Republicans in budget negotiations. His new chief of staff, Jeff Zients, is even worse.
Posted inEconomic Policy
Marc Goldwein and the Limits of Deficit Scolding
On student debt cancellation, America’s foremost spending scold believes whatever he needs to believe to stop progress.
Posted inEconomic Policy
California Has Too Much Money in Its Budget
Gas rebates, the Gann Limit, and the insanity of Golden State governance.
Posted inPolitics
Biden and the Billionaire Tax
We need a lot more pitchfork populism from working-class Joe.