As Ronald Reagan's budget chief almost thirty years ago, a frustrated David Stockman famously lamented that when it comes to spending discipline, "there are no real conservatives in Congress." Now, three decades after he concluded "the supply-siders have gone too far," Stockman called the Republican demand for another $700 billion tax cut windfall for the […]

Everything you need to know about the difference between the governing style of Republicans and Democrats is on display in the battles over the passage and expiration of the Bush tax cuts. Despite large Congressional majorities and broad public support for ending as promised the budget-busting Bush windfall for the wealthy, President Obama and squeamish […]

For most of the 1990's, the top income earners in the United States paid a 39.6% tax rate during a time which produced a booming economy for them - and pretty much everyone else. Now, after the Bush tax cut windfall for the wealthy produced a decade of falling household incomes, skyrocketing deficits and record […]

Karl Marx famously said that historical events occur twice: first as tragedy, then as farce. But when it comes to his debt commission, President Obama is in danger of standing that old chestnut on its head. Unlike President George H.W. Bush's almost comic dismissal of the recommendations of a Congressional debt panel in 1989, Obama […]

Emerging from his midterm beat down, President Obama today instructed his cabinet to make a "sincere and consistent" effort to engage with Republican leaders instead promising "no compromise." But if the President is looking for an issue to dig in his heels, it's ending the budget-busting, Bush tax cut windfall for the wealthy. As the […]