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There are three inducements of support that Americans are powerless against: the promise of whiter teeth, the suggestion of no-diet weight loss and the cause of justice.
Another week, another distraction for the Romney campaign. This latest flap, though, is instructive. The revelation that Romney told donors that nearly half all Americans are basically freeloaders offers insights into the core ideas -- or myths, as it turns out -- that animate modern conservative thinking.
Of the Americans who don't pay federal income taxes, 37% are not in the labor force either because they're students, elderly, or unemployed. (University of Denver)
This week marks the 25th anniversary of the Montreal Protocol, which reduced or eliminated the use of chemicals that led to ozone depletion. As a result, the ozone layer is now on track to recover in 50 years, an impressive feat considering the size of the hole in the ozone layer.
As we celebrate Occupy Wall Street’s first birthday, the movement's pivoted from financial regulation to focus on crushing consumer debt. While reforming debt is crucial (particularly student debt), finance remains an imminent threat to the American economy. We shouldn't forget it.
No idea is more central to conservative economic thinking than the belief that cutting taxes leads to higher economic growth. One can certainly understand the appeal of this belief: It would be great if government could collect the same amount of revenue, but with much lower tax rates, because those rates fostered strong growth.