Robert Reich: Democrats should propose eliminating payroll taxes on the first $20,000 of income, and making up the revenue loss by applying payroll taxes to incomes above $250,000.
Robert Reich: Average Americans are hurting. But their pain isn’t coming from government. It’s coming from an economy whose benefits are concentrating ever more at the top, whose giant corporations are controlling ever more of our democratic process, and whose costs and risks are becoming ever more burdensome for the middle class and the poor
Steve Hochstadt: When conservative Republicans controlled Washington under George Bush, they spent government money on their pet projects with little regard for the long-term budgetary consequences. Now Republicans at the national level have made the deficit one of their major points of attack against the Democrats in preparation for the November elections.
Randy Shaw: while Obama and the Democratic Congress have achieved major gains, there is a entire other range of critical issues — the record military budget, increased troops in Afghanistan, inaction on both comprehensive immigration reform and EFCA, the absence of a major job creation program — where change is missing. This leaves Obama’s “remaking” far less sweeping than Ronald Reagan’s achievement in 1981.
At his press conference on Monday, President Barack Obama had to remind Mara Liasson of Fox News and NPR that it was the Republicans who doubled the national debt over the past eight years and it’s a little strange to be hearing lectures from them now about how to be fiscally responsible. That interchange was [...]