Last Wednesday marked the one-year anniversary of the Recovery Act, also known as the “stimulus.” In the midst of the political gridlock that has stalled health care reform, it is easy to forget that President Obama started off his term with what undeniably was a major legislative accomplishment. In fact, the Recovery Act was one of the largest progressive achievements of our time, and one wonders whether Obama would still be considered inefRead more
A post-secondary degree has become increasingly essential for success in the current economy. However, given that financial aid has not kept pace (pdf) with the skyrocketing costs (pdf) of higher education, getting that college degree has become much more challenging.Read more
As the United States begins to emerge from the Great Recession, many have begun to question the economic consensus this country has pursued so vigorously for the past thirty years. Fundamentally, this consensus assumes an unhindered market will achieve the best outcome for both society and the economy. Read more
With a growing chorus of support for the establishment of an independent budget commission, I thought it wise to weigh in. But before we get to the budget commission itself, let’s first discuss the underlying policy issue: deficits. Read more
I had planned my next post to be about the work the Economic Policy Institute has been doing in the last few weeks, including an event on state and local budget relief and the release of a five-point plan for creating jobs and enRead more
It's time to restart the dialogue on the flat tax. It's a policy that has cycled in and out of the national discourse since the 1990s, when the flat tax gathered some momentum across party lines. Jerry Brown, the former Governor of California and supply-side advocate, supported the flat tax in his unsuccessful 1992 campaign for the Democratic Presidential nomination.Read more
There is an interesting piece by Charles Krauthammer in today's Washington Post, in which he claims Tuesday's results blow the theory that the 2008 presidential election signaled the creation of a grand new ideological alignment. Read more
Invincible is the final studio album released by Michael Jackson in 2001. Invincible is also a feel-good underdog football movie released in 2006, starring Mark Wahlberg. But more to my point, Invincible is a young Image Comics superhero. Why is this relevant? Because there is a real life group of Young Invincibles--the 13 million young adults (ages 19 to 29) in America who do not have health insurance. Read more
I appreciate Ewan’s response to my last post on how recessions are like fires that must be put out. But his post has left me confused, and—I’m sorry to say—more convinced that ideological opponents to fiscal stimulus are economic nihilists. Maybe ‘nihilists’ is too strong a word. Let’s go with fatalists. Read more