By William G. Gale – The deal is all spending cuts and no tax increases. In practical terms, that means the burden of closing the gap will be placed on poor and middle-class households, rather than high-income or wealthy households.
The top 1 percent own 33 percent of the wealth and receive about 15 percent of the income in the country. These shares have risen over the past 30 years. They are being asked to bear none of the burden of closing the fiscal gap. more> http://tinyurl.com/3rosphp
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- What debt deal does and doesn’t, democratandchronicle.com
- The Debt Debate Is Man-Made Chicanery, but Our Stalled Economic Recovery Is Real, William A. Galston, New Republic/Brookings
- From Chicken Game to Constitutional Crisis, Bill Frenzel, Brookings Institution
- The Republicans Are Winning, but Is the Country? Isabel V. Sawhill, American Square/Brookings
- Forging a Compromise on the Debt Limit, William G. Gale, Ron Haskins, William A. Galston, Bill Frenzel, Robert C. Pozen, Jonathan Rauch, Kavita Patel, Tracy Gordon; Brookings Institution
- How the GOP Turned Tax Reform into a New Way to “Starve the Beast”, Henry J. Aaron, New Republic/Brookings
- Social Security Reconsidered, Henry J. Aaron, National Tax Journal/Brookings
- A Tale of Two Deficits, Henry J. Aaron, New Republic/Brookings
- How Boehner escaped disaster, Molly K. Hooper, Hill
- Debt-ceiling victory comes with a price for House Republicans, Russell Berman, Hill
- Obama must struggle to sell lousy deal, Sam Youngman, Hill
- In debt deal, the triumph of the old Washington, David A. Fahrenthold, Lori Montgomery and Paul Kane, Washington Post
- ‘Embarrassed’ Corporate Leaders Quiet on Debt-Ceiling Fight, Mark Drajem, BusinessWeek
- Debt Deal Puts U.S. on Austerity Path as Economy Falters, Rich Miller and David J. Lynch, BusinessWeek
