Reagan’s economic legacy is one of failure, but in another way it could be argued that he was genuinely transformative: as the first celebrity politician for the modern corporate state.
Today, The Week published my essay “Why Obama’s Legacy Doesn’t Need a Grand Bargain.” While austerity ideologues like Alan Simpson are insisting that President needs a “grand bargain” — swapping […]
By now, you’ve heard all about the “platinum coin option”, in which the president averts the next debt limit “crisis” by issuing a trillion dollar platinum coin. It’s a solution […]
Before 'W' got in and made changes in taxes and military spending we were paying off the debt. Bush said the deficits that resulted from his changes were extremely positive news."
Conservatives like to say that taxes are theft. In fact it is tax cuts that are theft because they break a long-standing contract. Why else would We, the People have set up this system, if not for the benefit of We, the People?
It seems that you can look at a chart of almost anything and right around 1981 or soon after you'll see the chart make a sharp change in direction, and probably not in a good way.
There's another chapter to add to the narrative my colleague Dave Johnson sketched out some weeks ago about how the Reagan revolution has come home to roost, based on sobering statistics uncovered by David Cay Johnston.
Conservatives and plutocrats claim that cutting taxes makes the economy grow.
Conservatives like to talk about how well the economy did under Reagan, and how poorly it is doing now. Then they say that government "takes money out of the economy." But the difference in economic growth was that under Reagan the government was spending and hiring, and now it isn't.
Sally Kohn will be a featured speaker at Take Back the American Dream, convening in Washington from Oct. 3 to 5. The following was originally published at The American Prospect. […]
It’s Tax Day, so let’s talk about taxes. Conservative ideology says cutting taxes makes the economy grow. This Tax Day let’s explore whether this is, in fact, the case. In […]
"Now that he is safely dead, let us praise him." poet Carl Wendell Hines wrote of Martin Luther King Jr., after his assassination. Ronald Reagan has been "safely dead" for […]
The celebration of Ronald Reagan’s 100th birthday doesn’t come until early March, but the devotions have been going on for years. For conservatives, Reagan is the lodestar, the genial demigod […]
With the centennial of our 40th President’s birth fast approaching, how about a shout-out for the soak-the-rich tax rates that he so despised — and more civic-minded Hollywood stars so […]
Washington is inundated with deficit commissions. The country has piled up a huge debt because we cut taxes for the wealthy and borrowed to make up the difference. But everyone […]
The deficit commission report issued last week is another Saturday night special pressed to the temple of the American middle class. “Turn over your money and your benefits or your […]
The recession ended in June, 2009? What? Seriously? No one told the millions of unemployed. And last week we got more bad news: 44 million of us living in poverty, […]
To lift the economy, we have to lift wages. Increased wages will restore demand. The changes that will increase wages will help restore democracy. The social contract used to be […]
“Watch what we do, not what we say.” (Famous Republican advice.) The Reagan Revolution was first and foremost about cutting the taxes paid by the rich and corporations. Now, almost […]
The conservative argument of the last 30-40 years boils down to this: “Hey look at this big pile of seed corn. Let’s eat it!” Almost 30 years after the “Reagan […]
Dave Johnson’s post on the broken contract that’s allowed private interests to siphon off our public wealth for the past 30 years is incredibly important. His basic argument is this: […]
Cut spending? Wait – where did that terrible idea come from? Government is We, the People and its job is to protect and empower us. Why in the world would […]
Our current economic meltdown may finally have ended the era that began when Ronald Reagan became President. Now a new study — from the Congressional Budget Office — helps us […]
In every article assessing the roots of today’s financial crisis, one theme stands out: As would-be Wall Street wizards came up with ever-more-fantastical strategies for making obscene profits, the guardians […]