Archive for the The Fiscal Times Category

Democratic Tax Policy: Myth versus Reality

On tax policy, let’s stop pretending. For all of the Democrats’ rhetoric about how they look out for average people while Republicans look out for the rich, there’s hardly a dime’s worth of difference between the parties. It’s all there in the new budget plan from Senate […]

Read more

GOP Candidates’ Free Pass From the Media

I don’t know what’s more pathetic – Republican presidential candidates who urge a GOP nocompromise stance in White House-congressional budget negotiations related to the debt limit, or media that doesn’t explore the implications. The New York Times reported over the weekend that “Republican presidential candidates were campaigning […]

Read more

A Way Out for Dems on Debt Ceiling Talks

Today’s decision by the two Republican participants to withdraw from negotiations led by Vice President Biden to reach a deficit-reduction package, saying they won’t go for tax increases, would seem to put President Obama and congressional Democrats on the defensive. It doesn’t have to. At first blush, […]

Read more

Moving in the Right Direction on Deficits

Winston Churchill may have said it best about his fond friends: “You can always count on Americans to do the right thing – after they’ve tried everything else.” On fiscal policy, we Americans have long been “trying everything else.” We’ve cut taxes and boosted spending for at […]

Read more

Other Nations Now Side Stepping U.S. on Trade

While Washington frets that gridlock over budget deficits will hurt the economy in the long run, policymakers have apparently forgotten that gridlock can produce economic harm in all sorts of ways.  Take trade. The Wall Street Journal reported that, in Colombia, lawmakers have voted for legislation that […]

Read more