Robert Reich: So here’s the deal: We’ll reelect you. We’ll stand behind you. We’ll give you a mandate to do all this – and more – in your second term. As long as you stand behind us.
Robert Reich: Republicans offered Democrats two more weeks before the doomsday shut-down. Democrats countered with four. Republicans held their ground. Democrats agreed to two. This is what passes for compromise in our nation’s capital.
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.
Robert Reich: As income and wealth have risen to the top, so has political power. Money is being used to bribe politicians and fill the airwaves with misleading ads that block all of this.
Robert Reich: The President says a Republican proposal to extend the Bush tax cuts to everyone for two years is a “basis for conversation.” I hope this doesn’t mean another Obama cave-in.
Robert Reich: The perfect storm: An unprecedented concentration of income and wealth at the top; a record amount of secret money flooding our democracy; and a public becoming increasingly angry and cynical about a government that’s raising its taxes, reducing its services, and unable to get it back to work.
Tracy Emblem: Bush Tax cuts have conferred the most benefits, by far, on the highest-income households – those least in need of additional resources – at a time when income already is exceptionally concentrated at the top of the income spectrum.
Steve Hochstadt: Those who want government to go away, or at least get a lot smaller, seem to have two ideas about how to shrink government: Cut out the “waste” and let private companies take over many of its functions. Their assumption is that the private sector can do these jobs better and cheaper. Is that true?
Jim Fuller: I confess to major reservations about those who work in and for the business schools that now take up far too much otherwise valuable space on most major college and university campuses.
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.