New York Times Puffs Fix The Debt Corporate Lobby

maya mcguinnerss

Peter Dreier: Peterson’s Fix the Debt agenda would simply exacerbate the recent trends of widening inequality and declining living standards for most Americans, a chasm we haven’t seen since the Gilded Age of the late 1800s. This so-called “solution” is bad for the economy and bad for the country.

And Now: Forgive Us Our Debts!

obama accepts

Peter Laarman: Just a word about the Next Big Thing: the coming lame duck session and the “fiscal cliff” and the prospect of a not-so-grand bargain in which Democrats will yield yet more ground to Pete Peterson’s baleful “austerity for you but not for me” proposals.

Enlightened Economics: There Is an Alternative

money lesson

Mark Dempsey: One Modern Monetary Theory economist suggests sending each American household $50,000 to pay down debts, which would not only be cheaper than the $16-$29 trillion Wall Street bailout, it would bail out Main Street instead of the banks.

Obama’s Jobs Speech: Prepare to Be Underwhelmed

obama-fireworks-wide

Joseph Palermo: President Obama’s much anticipated speech outlining his jobs agenda for the 2012 election year will sound a lot like a tiny mouse trying to make a loud roar. Instead of clarity, we’ll get hedging; instead of “bold,” we’ll get wishy-washy.

The Great Debt Scare: Why Has It Returned?

broken economy

It’s the kind of thing I expect to hear from deficit hawks and chicken littles — from the self-described “fiscally responsible” right, from the scolds Ross Perot and Pete Peterson, from my former cabinet colleague Bob Rubin. But yesterday I was shown slides developed by the putatively liberal Center for American Progress intended to make [...]

Media Cries “Deficit” to Defeat Progressive Agenda

lucy-football

Despite all of the economic history of the past 30 years, the traditional media is brushing off its favorite bogeyman – the budget deficit – to defeat and/or scale back President Obama’s progressive budget, education, and health care agenda. The New York Times warned in a front page story on March 21 that a new [...]

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