In December, Congress is poised for another showdown on the deficit and taxes, in what is now being called the fiscal cliff. In his new book Red Ink, David Wessel explains how the federal budget got to the point where it is today -- and where to go from here.
More and more state and local governments have approved casino gambling in order to generate new jobs and tax revenue. But does it work? Economist Richard McGowan outlines why states are turning to gambling to solve their fiscal crises -- and now upping the ante even more.
David M. Walker is the former comptroller general of the United States. His book, Comeback America, details the current financial crisis and offers his ideas on controlling spending and restoring fiscal responsibility in the United States.
Parsing the presidential candidates' tax plans is necessary to understanding their general takes on the economy. Economist Len Burman has been doing just that. He is a senior fellow at the Urban Institute, which has just released a report comparing the candidates' proposed tax policies.
To win this coming election, presidential candidate John McCain must prove that he is as strong on the economy as he is on military and foreign affairs. His senior economic adviser, Douglas Holtz-Eakin, discusses McCain's approach to economic policy.
Jason Furman has been given the task of formulating Barack Obama's economic policy. He's the presidential hopeful's top economic adviser, and he will talk about where Obama stands on the most pressing economic issues.
The Republican Party has often been stereotyped as the party of wealthy, old white men. Conservative writers Ross Douthat and Reihan Salam think that can change. Their new book, Grand New Party, offers a vision for expanding the Republican base.
Lincoln Chafee, former U.S. senator from Rhode Island, was often called the most liberal Republican in the Senate. In office, he bucked his party on a number of hot-button issues, including same-sex marriage and the war in Iraq. His book Against the Tide challenges the Republican Party on its rightward drift.
Economist Douglas Holtz-Eakin stepped down last fall as director of the Congressional Budget Office. He had been appointed to a four-year term that was to have ended in February of 2007. Previously, Holtz-Eakin served as President Bush's chief economist.
Faced with a need for massive rebuilding in the Gulf Coast, President Bush has refused to estimate how much the effort might cost -- or to raise taxes to pay for it. To discuss the president's economic policy, we speak with columnist Paul Krugman and Stuart Butler of the Heritage Foundation.
Economists Isabel Sawhill and Brian Riedl discuss the federal deficit: how the country reached this point and how it might get back into the black. Sawhill is a senior fellow and vice president and director of economic studies at the Brookings Institution, a non-partisan think tank in Washington, D.C. Brian Riedl is lead budget analyst and the Grover M. Hermann Fellow in Federal Budgetary Affairs at the Heritage Foundation, a conservative think tank also based in Washington.
Moore is the president of the Club for Growth and contributing editor for National Review. The Club for Growth has a political action committee dedicated to elected conservative politicians who carry on the Reagan vision of "limited government and lowered taxes." Moore was the Cato Institute's director of fiscal policy studies, and is now a Cato senior fellow.
Her new book (with co-author Lou Dubose) is Bushwhacked: Life in George W. Bush's America. Her stories have appeared in Esquire, The Atlantic Monthly, The New York Times Magazine and The Nation. Her other books include Shrub, about presidential candidate Bush, and Molly Ivins Can't Say That, Can She?
He is a senior fellow at the National Center for Policy Analysis. His twice-weekly column on economic policy is published in The Washington Times and Detroit News and is nationally syndicated. He was deputy assistant secretary for economic policy at the U.S. Treasury Department, from September 1988 to January 1993. In 1987 and 1988, Bartlett was a senior policy analyst in the Office of Policy Development at the White House. Before that, he was a senior fellow at the Heritage Foundation in Washington, D.C.
He is a professor of Economics and International Affairs at Princeton University. His research is mainly in the areas of international trade and finance. He is one of the founders of an economic postulation called the "new trade theory." Krugman has also written and edited many books. His most recent is Fuzzy Math, on the Bush tax cut.
Journalists Donald Barlett and James Steele. Their reports from the front pages of the "Philadelphia Inquirer" later became the book "America: What went Wrong"; it was a bestseller for eight months, and added fuel to the fire of the 1992 Election. Their new book of investigative reporting is "America: Who Really Pays the Taxes?" (Simon & Schuster). They argue the middle class has been soaked by the current tax system; that the same dollar earned by a neighborhood grocer is taxed more than if it was earned by a foreign corporation doing business here.
Executive Vice President of the National Committee to Preserve Social Security and Medicare, Max Richtman. Terry will talk with him about how Clinton's budget proposal will impact Social Security and Medicare. Richtman is critical of Clinton's plan to raise the tax on Social Security benefits.