This week, former President Bill Clinton urged calm in the face of Washington's stand-off over the so-called fiscal cliff. "They are moving toward a deal," Clinton assured Americans, suggesting that the current posturing by both parties is "just a Kabuki dance." Unfortunately, Republicans have called President Obama's $4 trillion debt reduction plan something else: a […]

If an enemy declared war on the American economy, the United States would spare no effort to remove that threat to its prosperity and national security. So it was with Osama Bin Laden, who in 2004 described his goal as "bleeding America to the point of bankruptcy." And as it turns out, by 2020 Uncle […]

On Thursday, President Obama as promised will host Mitt Romney in a private lunch meeting at the White House. There, a magnanimous Obama should offer a parting gift to the small man who accused him of buying reelection by dispensing "gifts" to women, African-Americans, Hispanics, college students and other self-proclaimed "victims" supposedly comprising the 47 […]

Black Friday is the single biggest shopping day of the year. And this Friday, all eyes will be on Walmart, the nation's single biggest retailer and employer. But while the planned protests at 1,000 of the chain's 4,000 locations will keep the focus on Walmart's below-industry standard pay to its 1.3 million associates, the company's […]

As President Obama continues to press his plan to slice $800 billion off the national debt by ending tax cuts for the top two percent of earners, the New York Times on Sunday profiled upper-income Americans trying to skirt the modestly higher bill. But the Times didn't merely fail to note the economic boom they […]

In Washington and on Wall Street, there is growing optimism in the wake of President Obama's White House meeting with Congressional leaders Friday that the U.S. will avoid the so-called "fiscal cliff." After their drubbing on Election Day, Republicans are walking back their scorched-earth opposition to new tax revenue to reduce the national debt. But […]

Republicans still refusing to countenance modestly higher tax rates for the wealthiest Americans are facing a moral dilemma. If tax cuts for the gilded-class do not in fact drive economic growth and job creation, then the GOP has been draining the United States Treasury for the sole purpose of needlessly padding the bank accounts of […]

In 2008 and 2012, Barack Obama campaigned on ending the Bush tax cuts for the wealthiest Americans and won resounding victories both times. That policy enjoys strong public support now, just as it has since before Obama dispatched John McCain four years ago. And just last week, the nonpartisan Congressional Budget Office forecast that Obama's […]

For the second time in as many weeks, an analysis by a nonpartisan agency of Congress has demolished the GOP myth of upper-income taxes and so-called "job creators." Just days before voters headed to the polls, the Congressional Research Service documented that for decades tax cuts for the wealthiest Americans were not correlated to economic […]

In the aftermath of Barack Obama's reelection victory, voices across the political spectrum were quick to deny that the President had earned a mandate from voters. In the Washington Post, Ruth Marcus warned that a Democratic claim to a mandate was a "delusion." The National Journal's Ron Fournier agreed, adding that the absence of a […]