March 22: The GOP’s Deficit-Growing Pains
Click here to receive the Daily Digest via e-mail.
What to Do About Inequality: Democratizing Markets (Boston Review)
Roosevelt Institute Fellow Mike Konczal argues that the market won’t just settle into a state of perfection if we step back and let the magic happen. It’s something we create and shape through our democratic choices.
Who Pays the Bill for Wall Street’s Mess? (HuffPo)
Robert Borosage compares the budget proposals released by Paul Ryan and the Congressional Progressive Caucus and writes that while the CPC asks the most from the 1%, Ryan would rather spread the pain around than spread the wealth.
The Limits of American Exceptionalism (NYT)
Simon Johnson notes that Republicans like Ryan believe so strongly in the idea that reducing revenue will somehow help lower the deficit that they refuse to let irrelevant factors like math or history dissuade them from their righteous path.
Makers and Takers (TAP)
Jamelle Bouie writes that while it’s easy to see Ryan’s budget as a salvo in the class war, it’s also a shout at young Americans to get off the GOP’s lawn and get their grubby hands off entitlements that should be going to Republican voters instead.
The High Cost of Being a Woman (The Nation)
ND2.0 Editor Bryce Covert points out that despite the talk of women becoming the new breadwinners, they get charged more for everything from health care to dry cleaning and have to pay for it with lower wages. They better make that bread last.
U.S. Notes Europe’s Progress in Easing Its Debt Crisis (NYT)
Annie Lowrey reports that now that Europe has gotten its finances under something resembling control, American policymakers are breathing a sigh of relief and feeling more confident that if anything tanks the recovery, it will probably be them.
Austerity in Heaven’s Corridor (Jacobin)
John Carl Baker writes that with a Republican-dominated state government slashing services and firing public workers while offering tax breaks on repairs to private jets, we’d better hope that “As goes Florida, so goes the nation” doesn’t hold true.
Government Jobs Buoyed Bush’s Economy And Sunk Obama’s (TPM)
Brian Beutler highlights a chart that proves that Barack Obama is such a failure that despite his hatred of job creators and love of socialism, the private sector is rebounding while the public sector keeps shrinking under his watch.
Too Smart to Fail (The Baffler)
Thomas Frank writes that the total failure of “respectable” journalists and economists to see the financial crisis coming has become a badge of honor, while having been in the vicinity of reality is a sign that you’re a fringe leftist howling at the moon.
Money Talks (CJR)
Paul Starobin notes that financial journalists taking paid speaking gigs from financial firms raises troubling questions, but the reporters don’t see a conflict of interest. It’s like politicians taking golf trips with lobbyists. Maybe they just really like golf, okay?
With additional research by Roosevelt Institute intern Elena Callahan.