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.
British-born economist Hazel Henderson sees an economy based on renewable energy and environmentally-sound industry as the best path forward for the United States. She argues that tax cuts and subsidies associated with Reaganomics are hindering such efforts.