Tag Archives: Politics

Why Keith Hennessey’s Debt Ceiling Plan Doesn’t Make Sense

Keith Hennessey proposed a debt ceiling plan for republicans, which wisely begins by saying not increasing the debt ceiling makes little sense. However, he goes on to say the following: Congressional Republicans offer Mr. Obama a choice. He can have … Continue reading

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Delong on the Lack of a Political Reaction to the Second Gilded Age

Brad Delong: Ray Ginger put it in two absolutely brilliant books–Altgeld’s America and The Age of Excess–even the Republicans thought that they wanted to live in Abe Lincoln’s America, where when you are young you split wood into fence rails and go … Continue reading

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Lessons from a Half Century of Federal Individual Income Tax Changes

This chart shows how income tax liabilities have changed each year for the five income quintiles over the past half century.  Here are a few things to notice: We love cutting income taxes. Almost all of the changes are tax … Continue reading

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Paul Volker on Where American Economic Policy Needs to Go

This piece by Volker is worth reading: Americans have long been eager consumers and home owners. But there is no doubt we collectively overdid it during the years leading up to the financial and economic crisis of 2008. The personal … Continue reading

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