Honest Talk About The Deficit

Fewer People Working Means Permanently Lower Tax Revenues.

If You Look At The Studies Coming Out Of The Congressional Budget Office, The Number One Thing That's Going To Blow A Hole In The Deficit As We Go Forward 20, 30 Years Is Government Spending On Healthcare.

Many Of My Students Assume That Government Protection Is The Only Thing Ensuring Decent Wages For Most American Workers. But Basic Economics Shows That Competition Between Employers For Workers Can Be Very Effective At Preventing Businesses From Misbehaving.

If You Think About It, Candidate Obama, Sen. Obama, Was Running On Sort Of Long-run Economic Issues, Like Restoring Prosperity To The Middle Class, Dealing With The Perennial Problem Of Health Care In The United States. He Talked A Lot About The Budget Deficit, About The Need To Transition To Clean Energy.

President Obama Has Repeatedly Urged Congress To Let The Bush Tax Cuts Expire For Those Earning More Than $250,000 A Year. Increasing Rates On Top Earners Is An Obvious Way To Raise Revenue From Those Who Can Afford It Most.