Archive for the ‘Deficits, Debt and Taxes’ Category

Paul Krugman goes all “crowd out” on us. Is he right?

January 9th, 2017

Progressives’ Keynesian economist in chief, Paul Krugman, has been second to none in calling out policymakers’ focus on reducing budget deficits when economies were still weak (also known as “austerity”). Given that record, his oped in today’s NYT may surprise some readers. He argued that, as the economy closes in on full employment, fiscal budget… Read more

Hold up, New Jersey! It’s time to take a stand against our terrible tax debate.

October 4th, 2016

This has been a terrible few weeks for tax policy. Donald Trump declares himself “smart” for tax avoidance; leaked returns show him to have claimed almost a billion in losses, much of which stems from ways in which the code privileges those selling real estate, which he presumably has used to write off taxes owed… Read more

Is there a deficit of deficit hysteria?

August 3rd, 2016

I hope so, and it’s what I wrote about yesterday in the WaPo. Let me entertain OTEers with a few more thoughts on the topic, including feedback I got yesterday. One response was: “You’re endorsing fiscal recklessness! There’s nothing “progressive” going on here; it’s just politicians not giving a crap about our troubled fiscal accounts.”… Read more

Headline writers: enough already with the disembodied trillions!

February 9th, 2016

President Obama’s 2017 budget is out today, and here’s why I think it’s worth a look. Yes, he’s approaching lame duck status and Congressional conservatives wouldn’t even use the thing for door stop. But I think it’s relevant in ways that you might find resonant, including vis-a-vis campaign politics. But what’s really working my last… Read more