Squeezing Ordinary Californians and New Yorkers

Following World War II, the United States produced something the world had never seen: a mass middle class. For the first time, a majority of a major nation’s people had real money left over after paying for basic food and shelter. New York and California served...

Not Much to Celebrate with Obama’s Tax Deal

We enter 2011 with a few more dollars in our paychecks. For about 98 percent of Americans, the extension of Bush tax cuts and the new payroll tax holiday will make it easier for us to afford a gallon, rather than a quart, of milk for our families each month, and to...
Invertebrate President

Invertebrate President

Well, the Democrats are finally showing some fight. They’re fighting with each other, but it’s a start. The fading Democratic majority in the House has balked at accepting President Barack Obama’s compromise with Republicans on the Bush tax cuts,...
A $700 Billion Dilemma

A $700 Billion Dilemma

How would you spend $700 billion? Congress has to decide this month. One simple solution would be for Congress to extend the Bush-era tax cuts for households with incomes over $250,000 for another decade. That would use up all $700 billion. I feel bad for Congress....