fiscal cliff

The Peter Peterson Foundation has released its second monthly "Fiscal Confidence Index." It's worth looking at closely as a case study in how polling data can be used selectively and manipulatively -- and as a broader example of what's wrong with today's narrow, ill-informed debate over fiscal...
01/30/2013
Blog
Unless President Obama drastically changes his goals and his tactics, the current round of budget negotiations can only lead to deeper spending cuts. Here's why. The Two Roads to Fiscal Balance. Before we explore why the politics of budget cutting now favor the Republicans, let's keep in mind the...
01/14/2013
Blog
Now is not the time to cut government spending, with the economy still limping along. This fact may not be obvious to Washington, but it's obvious to the American public, which has consistently said that fixing the economy and creating jobs should be a higher priority than cutting the deficit. For...
01/08/2013
Blog
The private sector created 155,000 jobs in December, almost exactly the average for the 11 previous months of 2012 and for all of 2011. Once again, it is a record far too weak to produce real progress towards either an adequate recovery or decent growth in wages and salaries. At this rate of job...
01/07/2013
Blog
Political scientists who study Congress, like the scholar Douglas Arnold, have long argued that while money matters in politics, legislators ultimately tend to be responsive to their constituents.  It will be interesting to see what such scholars will make of yesterday's  failure...
12/21/2012
Blog
What would you do if you were laid off from a job? While you looked for a new position, you’d likely cut expenses as much as possible and begin drawing on any savings you have to pay the bills you can’t avoid. As time went on, you might turn to family, friends, and community...
12/20/2012
Blog
President Obama's most recent fiscal cliff offer would cut Social Security benefits by changing how that program calculates cost-of-living increases. This is a bad idea, for reasons I'll get to. But the bigger problem is that Social Security doesn't have anything to do with current budget deficits...
12/19/2012
Blog
Extending the partial payroll tax holiday was not part of President Obama's most recent fiscal cliff offer, delivered this week, and that needs to change. Sure it was supposed to be temporary, but given the cut's sucess and the economy's still fragile state, an extension would be beneficial to...
12/19/2012
Blog
It is literally possible to have more money than you know what to do with. Take the case of the private-equity billionaire Peter G. Peterson, who has bankrolled much of the austerity crusade. Peterson has now spent over half a billion dollars out of his personal fortune to persuade Americans that...
12/10/2012
Blog
A new Explainer from Dēmos looks at why Washington focuses so heavily on deficit reduction and not on job creation, even as unemployment rates remain high. In short: the affluent donor class and big business interests prioritize deficit reduction and Congress, in turn, prioritizes what they...
12/07/2012
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