Archive for November, 2010

The Greed of the “Bottom Half”

We’ll shortly be hearing the objections of deficit hawks to the deficit reduction package Demos, The Century Foundation, and the Economic Policy Institute. No doubt they’ll echo the criticisms that have already been leveled at the deficit-shrinkage roadmap Rep. Jan Schakowsky put on the table earlier this month. To get a sense of what those […]

Schakowsky’s Deficit Reduction Plan Is Game Changer

Rep. Jan Schakowsky’s deficit reduction proposal is a game changer: a serious, moderate, balanced blueprint for addressing the nation’s long-range fiscal challenges, by a leading progressive lawmaker. How her colleagues on the president’s deficit commission respond to it will be a test of how serious they really are about solving the deficit puzzle in a […]

Bowles-Simpson: The Unequal Marriage of Reaganomics and Rubinomics

The Bowles-Simpson plan isn’t a fair and equitable way to reduce the long-term federal deficit, whatever its co-authors might claim. In fact, it’s the biggest proposed experiment in supply-side economics since early Reagan. Long story short: The proposal put on the table last week by the co-chairs of the president’s National Commission on Fiscal Responsibility […]

Hail Mary! Co-Chairs Spin While Deficit Commission Staggers Toward Deadlock

I’ve been saying for months that the National Commission on Fiscal Responsibility and Reform is probably doomed. The co-chairs, Alan Simpson and Erskine Bowles, appear to agree. So my first real question is, What have these people been doing with $500,000 of the taxpayers’ money for the past nine months? Lori Montgomery in the Washington […]

The Tax Expenditure Debate

Now that the midterm elections are over – and I’ll have more to say about the results next week – Washington is getting back to its endless debate concerning what’s to be done about the deficit and the national debt. Tax expenditures have become a popular target, at least potentially. But there are tax expenditures […]