fiscal policy

A thoughtful recent article by Michael Kimmelman in the New York Times talks about community resilience as something that can be cultivated by shared spaces that bring residents into regular contact with each other. These might be commercial strips, libraries, community centers...
Richard Haass, who leads the Council on Foreign Relations, has a new book out today entitled Foreign Policy Begins at Home in which he argues that the United States needs to get its own house in order to maximize its global power and influence. Haass says the U.S. also needs to avoid getting...
There are two paths to deficit reduction. One is slash and burn. We cut the investments that the country needs. We weaken the purchasing power of seniors. We end up with lower household income, a slower rate of growth and we get the grim satisfaction of budget balance in a weaker and poorer economy...
President Obama delivers his fifth State of the Union Address on Tuesday. Based on White House leaks, the president will emphasize rebuilding the middle class. He will invoke the importance of education, infrastructure, clean energy, and manufacturing. These are terrific themes, economically and...
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...
Quick question: What happens when you step down a slope? Well, if it's a steep slope you'll start sliding, but not so fast that you can't catch yourself, avoiding serious harm. And that's exactly the situation Washington will face early next year, if it doesn't reach a deal on expiring tax cuts and...
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