August 25, 2026

Global Investors Are Telling Donald Trump His Deficits and National…

Washington is unnerved these days about budget deficits and the national debt. Deficit angst comes along periodically, often as a pretext for cutting social spending. This time, however, there’s genuine cause for alarm. Outsized deficits are par for the course when the economy is in recession or reeling from a shock like the pandemic or the financial collapse; most of… Continue reading

November 13, 2012

A Better Way to Avoid the Fiscal Cliff on Taxes,…

With the fiscal cliff now in sight, the nation?¢‚Ǩ‚Ñ¢s pundits are breathing as heavily as they collectively can over the prospect of political warfare over the Bush tax cuts.?Ǭ† Yet, a compromise between President Obama and congressional Republicans over taxes for the top 2 percent is already clear.?Ǭ† We extend the Bush tax rates but also cap the value of…Continue reading

November 13, 2012

A Better Way to Avoid the Fiscal Cliff on Taxes,…

With the fiscal cliff now in sight, the nation?¢‚Ǩ‚Ñ¢s pundits are breathing as heavily as they collectively can over the prospect of political warfare over the Bush tax cuts.?Ǭ† Yet, a compromise between President Obama and congressional Republicans over taxes for the top 2 percent is already clear.?Ǭ† We extend the Bush tax rates but also cap the value of…Continue reading

November 13, 2012

A Better Way to Avoid the Fiscal Cliff on Taxes,…

With the fiscal cliff now in sight, the nation?¢‚Ǩ‚Ñ¢s pundits are breathing as heavily as they collectively can over the prospect of political warfare over the Bush tax cuts.?Ǭ† Yet, a compromise between President Obama and congressional Republicans over taxes for the top 2 percent is already clear.?Ǭ† We extend the Bush tax rates but also cap the value of…Continue reading

October 30, 2012

What Actually Happened to the Earnings of Working Americans, and…

The disappointment and anger many Americans feel about their economic lot has held center stage in this year?¢‚Ǩ‚Ñ¢s elections.?Ǭ† Mitt Romney, of course, blames President Obama.?Ǭ† New Census Bureau data, however, tell a different story.?Ǭ† The economic problems facing working Americans did not begin with the current slow recovery or even with the financial crisis of 2008-2009 and the subsequent…Continue reading

October 30, 2012

What Actually Happened to the Earnings of Working Americans, and…

The disappointment and anger many Americans feel about their economic lot has held center stage in this year?¢‚Ǩ‚Ñ¢s elections.?Ǭ† Mitt Romney, of course, blames President Obama.?Ǭ† New Census Bureau data, however, tell a different story.?Ǭ† The economic problems facing working Americans did not begin with the current slow recovery or even with the financial crisis of 2008-2009 and the subsequent…Continue reading

October 30, 2012

What Actually Happened to the Earnings of Working Americans, and…

The disappointment and anger many Americans feel about their economic lot has held center stage in this year?¢‚Ǩ‚Ñ¢s elections.?Ǭ† Mitt Romney, of course, blames President Obama.?Ǭ† New Census Bureau data, however, tell a different story.?Ǭ† The economic problems facing working Americans did not begin with the current slow recovery or even with the financial crisis of 2008-2009 and the subsequent…Continue reading

October 30, 2012

What Actually Happened to the Earnings of Working Americans, and…

The disappointment and anger many Americans feel about their economic lot has held center stage in this year?¢‚Ǩ‚Ñ¢s elections.?Ǭ† Mitt Romney, of course, blames President Obama.?Ǭ† New Census Bureau data, however, tell a different story.?Ǭ† The economic problems facing working Americans did not begin with the current slow recovery or even with the financial crisis of 2008-2009 and the subsequent…Continue reading

October 13, 2012

A Better Way to Avoid the Fiscal Cliff on Taxes,…

With the fiscal cliff now in sight, the nation?¢‚Ǩ‚Ñ¢s pundits are breathing as heavily as they collectively can over the prospect of political warfare over the Bush tax cuts.?Ǭ† Yet, a compromise between President Obama and congressional Republicans over taxes for the top 2 percent is already clear.?Ǭ† We extend the Bush tax rates but also cap the value of…Continue reading