Some of my favorite articles to write deal with the economy. Today I’d like to take a very brief look at three issues that could be filed under fiscal policy. We seem to debate the heck out of them in America yet the solutions are simple.
American politics is still in such a state that five articles a week are insufficient to cover everything that deserves coverage. Therefore, today will be another of the catch up variety. Continue reading Just Some Of What’s Going On
President Biden’s infrastructure proposal is very popular with the American people. Surveys show that when it is coupled with the plan to finance it by increasing taxes on the wealthy it is even more popular. How often do you find support for tax increases? Donald Trump won in 2016 in part by riding a populism wave. Trump turned out to be anything but a populist but he fooled enough people for at least a few months. Here is the important point: couple those two facts together and I have most of the answer to the question: How are we going to pay for new programs?
This is another instance where I’ll blame all the bad on the former guy. He just isn’t as smart as George W. Bush was – and that’s not exactly in the rare air of wisdom – and refuses to fade away. I used to go to my “various segments” format weekly; lately it seems like I need to do it twice a week.
Joe Biden takes office Wednesday afternoon. History is repeating itself with a Democratic President succeeding a Republican and a country in chaos (i.e. FDR and Barack Obama). There are some obvious priorities but today I want to suggest Biden quickly move on an “optional” one. Let’s explore. Continue reading The First Yes