WEDNESDAY, APRIL 18, 2012 ECONOMICS: Senate Budget Panel to Take Up Deficit Plan http://www.nytimes.com/2012/04/18/us/politics/senate-budget-panel-to-take-up-deficit-plan.html The chairman of the Senate Budget Committee said on Tuesday that he would introduce the blueprint of President Obama’s bipartisan deficit reduction panel to his committee as the starting point for negotiations over a long-term debt plan. But the committee … Continue reading
Yearly Archives: 2012
Economic Daily Outlook
TUESDAY, APRIL 17, 2012 ECONOMICS: ‘Buffett Rule’ Tax Plan Fails in a Senate Test Vote http://online.wsj.com/article/SB10001424052702304299304577348221678464912.html The Senate on Monday blocked the so-called Buffett Rule, a measure designed to ensure that high earners pay at least 30% in federal income tax, on a near-party-line vote highlighting the split over a key element of President … Continue reading
Why I Believe Neither Obama nor Romney Deserves the “Hispanic Vote”
As my esteemed colleague, Marlena Papavartis, and I have stated various times in our blogs: there is no single monolithic “Hispanic vote.” Political pundits and politicians, however, often fail to understand this basic concept. This past weekend was no different, with President Barack Obama telling Univision that he would attempt to “tackle immigration policy in … Continue reading
Economic Daily Outlook
MONDAY, APRIL 16, 2012 ECONOMICS: GOP and Dem lawmakers race hand in hand toward a fiscal cliff http://thehill.com/blogs/on-the-money/domestic-taxes/221557-racing-hand-in-hand-toward-a-fiscal-cliff Republicans and Democrats are hurtling toward a fiscal cliff, and neither side wants to take the plunge. In less than nine months, Bush-era tax rates are scheduled to expire, hiking rates for the middle class as … Continue reading
Another Reason the United States Should Recognize the Power of Its Growing Latino Population
When it comes to Latin America, the United States and its citizens do not need a full history lesson. It might be easier to skip over the history of US military interventionism and economic imperialism, and focus on more recent events. Rather, I believe, the United States needs to take a good long look at … Continue reading
Every Woman is Valuable
Hilary Rosen has been in the news recently because she said Mitt Romney’s wife, Ann Romney, had “never worked a day in her life” because she chose to be a stay at home mother.[1] Choosing to stay home and raise a family might not bring in the financial or status gain as a paid career, … Continue reading
Economic Daily Outlook
FRIDAY, APRIL 13, 2012 ECONOMICS: US House panels turn budget axe to automatic cuts http://www.reuters.com/article/2012/04/12/usa-budget-cuts-idUSL2E8FCNZ020120412 Republicans in six House of Representatives committees next week will dust off their past proposals for reducing the deficit as they try to replace some of the automatic spending cuts set to take place in January. Under a directive … Continue reading
Swiss-tested, Keynes-approved: Switzerland’s debt brake as a model for the U.S.
By Will Portman Critics of a balanced budget amendment (BBA), such as the Center on Budget and Policy Priorities (CBPP), argue that a BBA would “mandate perverse actions in the face of recessions” and thus “aggravate recessions.” And they’ve got a point — at least about a BBA that would mandate that the budget be balanced … Continue reading
Buffett Rule: #FAIL
“So we have a consensus. Nobody likes the Buffett Rule,” said Howard Gleckman, resident fellow at the Urban-Brookings Tax Policy Center and moderator of a forum today on whether the rich should pay higher taxes. The event’s expert panelists may not have agreed on what our tax code should look like, but they did agree … Continue reading
Another Example of Why the United States Will Never “Win” Its War on Drugs
The United States is most assuredly not winning the war on drugs. Anyone who tells you otherwise is woefully uninformed or playing politics. The most recent example of how badly the United States is losing this war can be evidenced by its decision to adopt counter-measures to the Mexican drug cartels’ newspaper advertisement campaign. I … Continue reading
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