Category: Economy
Under Cover of Covid, Republicans Will Come After Social Security as They Have Done Repeatedly Before
by Steven Pressman | Aug 18, 2020 | Coronavirus, EconomyWith Covid-19 and Black Lives Matter foremost on everyone’s mind, it is unlikely that Social Security will play a prominent role in the 2020 election. Joe Biden and the Democrats should try to ensure it does. Focusing on Social Security works to their advantage. One reason Donald Trump won the 2016 election was that he […]
Great Depression II or Great Federal Debt
by Steven Pressman | May 19, 2020 | Coronavirus, EconomyThinking several steps ahead prepares us for the future; not doing so invites failure. The inability to think ahead has turned a global health crisis into an economic crisis for the United States and a political crisis for President Trump. Currently (early May), it is hard to know when the U.S. economy can safely reopen […]
Covid-19 Presents a Unique Set of Economic Challenges to Policymakers
by Steven Pressman | Apr 30, 2020 | Coronavirus, EconomyAs I write this, there have been more than 336,000 reported cases of the coronavirus in the United States, and over 9,600 have died from it. Some experts contend that, in the worst possible case scenario, the virus is capable of killing as many as three million Americans. What makes the coronavirus so deadly is […]
Debt Wrong: Dealing With College Costs and the College Debt Crisis
by Steven Pressman | Feb 12, 2020 | EconomyAs the presidential race heats up, two contentious and related issues concerning higher education have begun to take center stage—whether to make tuition free and what to do about Americans drowning in college debt. The Democrats running for president have struggled mightily with these issues. Before we get to solutions, let’s review the problems. The […]
Tax Policy Options for the Next Administration
by Steven Pressman | Jan 19, 2020 | EconomyThe Democrats running for president all promise large spending programs if elected—Medicare for All (or for all who want it), free or cheap college, infrastructure development, and (for Andrew Yang) a $12,000 annual income grant. Given the interest generated by my two recent Washington Spectator pieces on wealth taxes and financial transaction taxes, it seems […]