Stop Obsessing About the Budget Deficit

fiscal cliff notes

Robert Reich: I wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal.

Friday Feedback: Illegal Immigration Enemy of All Workers

Friday Feedback: Illegal immigration is the enemy of all workers, regardless of color. An open border and an endlessly enlarging pool of labor brings the value of all labor down. One of the many problems facing the state of California is the LOW WAGES enforced here by an open border. Supply and demand always works in the labor market. Increase the supply and the demand lowers.

Deficit Shackles: Will January, 2009 Repeat January 1993?

Both presidential candidates have been criticized for failing to name any promises or plans they’re going to have to scrap because of the bailout and the failing economy. That criticism is unwarranted. The assumption that we are about to have a rerun of 1993 — when Bill Clinton, newly installed as president, was forced to [...]

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