One of the most frustrating aspects of national politics over the past two years is that deficit reduction has become Washington's top priority -- even as economists tell us that austerity only makes economic downturns worse and pollsters tell us that Americans are more worried about job creation than budget shortfalls.
President Obama shares the blame for letting the focus shift away from jobs. Again and again since late 2009, he has accepted and helped legitimize the premise that deficit reduction should be a top national priority.
In the first presidential debate, one of Jim Lehrer’s “hard hitting and incisive” questions was to ask Governor Romney whether he thought any current regulation was “excessive.” In the response, Romney said the following:
New York Attorney General Eric Schneiderman, with the support of the mortgage task force formed by the Obama administration last January and the Justice Department, has commenced the long overdue prosecution of the Big Banks for their role in triggering the financial crisis of 2008. (That is not a typo -- the Justice Department has finally moved against the Big Banks.)
Mitt Romney finally offered up some details yesterday about tax reform, specifically how he would limit tax deductions and broaden the tax base in order to afford the lower tax rates he is proposing. Romney said in Denver:
New York Governor Andrew Cuomo and his administration are trying to walk a fine line on the future of fracking in the state. A few months ago, word leaked from the Cuomo administration that fracking might be allowed on a limited basis in towns that approved the practice.
We hear so much about polarization these days, that it can be easy to forget that Americans are actually quite unified around certain core values -- most notably, the importance of work, community, and individual responsibility.
The problems posed by unpredictable work schedules are starting to get attention, and it's about time. As Susan Lambert recently wrote in a New York Times op-ed, such schedules are increasingly the norm for low-income workers.
Yesterday brought the sad news that noted environmental advocate and scholar, Barry Commoner, had passed away. As pointed out in the many tributes to his life and achievements, Commoner was one of the founders of modern environmentalism and embraced a more complex, holistic view of environmental issues.
This morning saw a big victory for Pennsylvania’s voters when a judge partially enjoined Pennsylvania’s strict new voter ID law in advance of next month’s elections. Pennsylvania’s voters will not have to show a photo ID in order to vote a regular ballot this November. This victory will remove an unnecessary burden that threatened the freedom to vote for tens of thousands of voters this fall.
How would the 2012 election be different if many more young, poor and minority citizens paricipated? We would find out if we were to modernize our elections system. In most parts of the country, our elections system is stuck in the 19th century. Often intentionally, the patchwork of laws at the state and local level makes it difficult for voters to know how, when, and where to register.
Perhaps the volume hasn't been quite as loud as it was in 2008, perhaps a lot of the discussion has been subsumed into coded language, but the 2012 presidential election is still very much about redistribution: when it's fair, when it isn't, and, perhaps most importantly from a political perspective, whether Americans like it.
One of the few things that President Obama and Mitt Romney are likely to agree on when they debate next week is the need for tax reform. Both candidates have backed streamlining America’s crazy-quilt tax code, and both have said that reforms could boost economic growth. Meanwhile, two key congressional committees held a rare bipartisan hearing last week – with lawmakers from both parties saying that tax reform is needed to rev up the economy.
For years, many thoughtful people -- progressive thinkers, anti-hunger advocates, and business executives at the mercy of energy and food prices -- have appealed for relief from rampant speculation that distorts the commodities markets. Such speculation makes traders rich, but burdens American households, hurts businesses, and leads to empty bellies in areas throughout the world that are dependent on food imports.
It is always nice when a major newspaper points out one of the most obvious facts in Washington today: Which is that the main stumbling block to deficit reduction lies on the right, where ideologues won't give an inch on taxes and thus doom any realistic compromise to reduce the deficit -- compromise that must include a combination of spending cuts and additional revenue.
In other words, it is precisely the people who complain loudest about rising debt who most obstruct any solution to this problem.
The historic elections taking place this November will not just decide what candidates win or lose, or even "just" what policy directions our states and country will take. They will also be a test for democracy itself.
Say you want to buy a house or a car and you need a loan to do it. You do what every personal finance site recommends and obtain a free copy of your credit report from annualcreditreport.com.
Our long, national nightmare is over. Well, for NFL fans at least. After a protracted negotiation, NFL referees will maintain access to their defined pension plans...for a few more years. When a union wins the support of noted laborphobe Scott Walker, you'd think they'd be on their way. Alas:
America the Possible: Manifesto for a New Economy, a new book from Demos Distinguished Senior Fellow James Gustave Speth, examines the grave and interconnected challenges facing Americans -- joblessness, failing schools, declining health, intractable poverty, income inequality, a poisoned environment, dwindling natural resources, indebtedness, climate change, war – and outlines the urgent changes we must embrace now in order to leave a prosperous, secure and healthy nation for future g
WASHINGTON, -- Eighteen pro-democracy groups - Open Debates, Common Cause, Public Citizen, Rock the Vote, Judicial Watch, Public Campaign, FairVote, Demos, Democracy Matters, League of Rural Voters, Fairness & Accuracy In Reporting, Essential Information, Personal Democracy Media, Reclaim Democracy!, Center for Study of Responsive Law, Citizen Works, Free & Equal Elections Foundation, and Rootstrikers - call on the Commission on Presidential Debates to make public the secret debate contract that was negotiated by the Obama and Romney campaigns.