Steve Hochstadt: So we end up with the same racial profiling that conservatives have been using to win votes since Richard Nixon’s southern strategy. The euphemisms change, but the intent is the same.
Miles Blue: Recently, Supreme Court Justice Clarence Thomas, over a four year period, failed to report his wife’s rather substantial income. A one-time failure may be human error; a four-time failure is a willful, criminal, act. Thomas deserves impeachment. His behavior is not acceptable for a Supreme Court Justice.
Steve Hochstadt: The voters spoke in November: They picked Quinn and a tax increase over Brady and no new taxes. One reason is that Brady could not identify for voters where he would cut much spending. The opponents of taxes did not propose any reasonable alternative to raising taxes to solve Illinois’ debt crisis.
Adam Eran: Consume-atives proclaim we should cut something but seldom propose anything specific. The plan is for bankruptcy court to sort that out, rather than making consume-atives a target for blame. “Take 10% off the top” is another, meaningless Republican proposal in recent budget negotiations. What does that mean, though? Let 10% of the prisoners out? Only treat 90% of the sewage?
Robert Reich: The economic lesson President Obama ought to be teaching is that targeted tax cuts, mostly for small business, are good to the extent they give businesses a nudge toward creating more jobs. But businesses won’t begin to create lots of jobs until they have lots of customers. And that won’t happen until lots more Americans have work. The only way to get them work when businesses aren’t hiring is for government to prime the pump.
The 2008-09 budget which was passed in September of last year ( two and a half months late) contained several overly optimistic (I would say wildly unsustainable) assumptions concerning revenue: First, it assumed the sale of over $3 billion in revenue bonds, but no one wanted to buy California bonds. Second, it “borrowed” from over [...]