Robert Reich: The percent of Americans living below the poverty line has been increasing even as the economy has started to recover — from 12.3 percent in 2006 to around 14 percent this year. More than 35 million Americans now live below the poverty line.
Robert Reich: Everyone would benefit from higher taxes on the wealthy to finance public investments in roads, bridges, public transit, better schools, affordable higher education, and healthcare but higher unemployment helps to boost corporate profits.
Rob Reich: People who don’t much like authority, recoil from orders, don’t believe in clear answers, often disobey commands, and prefer things a bit undefined, tend to gravitate to the Democrats.
Robert Reich: In drawing boundaries to include just the poor inner city, and requiring those within that boundary to take care of their compounded problems by themselves, the whiter and more affluent suburbs are off the hook.
Robert Reich: Taxpayers are subsidizing sky-high executive compensation. That’s because corporations deduct it from their income taxes, causing the rest of us to pay more in taxes to make up the difference.
Robert Reich: Harry Reid may now be able to summon 51 votes to abolish the filibuster, at least for cabinet officials and other high-level policy makers. But that shouldn’t be considered a victory. It’s a sad commentary on where we’ve come to.
Robert Reich: The real answer is the Republican base is far more entrenched, institutionally, than was the old Democratic base.
Robert Reich: Who needs Republicans when Wall Street has the Democrats? With the help of congressional Democrats, the Street is rolling back financial reforms enacted after its near meltdown.
Robert Reich: The fact is, global corporations have no allegiance to any country; their only objective is to make as much money as possible — and play off one country against another to keep their taxes down and subsidies up.
Robert Reich: Is the central goal of his second term to achieve a grand bargain on the budget deficit? Or progress on gun control? Or restore jobs? Or reform the immigration laws? It is difficult to tell.
Robert Reich: When Republicans can’t directly repeal laws they don’t like, they repeal them indirectly by hollowing them out — denying funds to fully implement them, and reducing funds to enforce them.
Robert Reich: The horror of the Boston Marathon is real. But the xenophobic fears it has aroused are not. I would have hoped United States senators felt an obligation to calm public passions than pander to them.
Robert Reich: We’re now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn’t have enough purchasing power to keep the economy going.