Robert Reich is professor of public policy at the Richard and Rhoda Goldman School of Public Policy at the University of California, Berkeley. He was secretary of labor in the Clinton administration.
Spending on public higher education is down, tuition is skyrocketing and student debt levels are unmatched in history. The result? Goodbye middle class.
Posted on: May 5, 2011, Source: Robert Reich's Blog
The McCaskill/Corker spending cap would also make it impossible for government to boost the economy in recessions, meaning even higher unemployment that lasts longer.
Posted on: Sep 24, 2010, Source: Robert Reich's Blog
After three decades of flat wages the middle class has exhausted all coping mechanisms. It can’t send more spouses into paid work or work more hours or borrow any more.
The awkward truth is that most of us are two minds: As consumers and investors we want the great deals. As citizens we don't like many of the social consequences that flow from them.
America's largest corporations' overseas subsidiaries are booming even as their American operations stagnate. General Electric expects more than half its revenue this year to come from outside the U.S. for the first time.
With the dollar dropping to an all-new low against the euro, the nicest and safest gift you can give a friend or loved one this holiday season is ... gold.
Posted on: Oct 28, 2001, Source: The American Prospect
The political debate about terrorism is stuck. The patriot's blind insistence on American right no matter what, clashes with the left's insistence on blaming the U.S.'s bad historical judgement. Robert Reich says both positions are inadequate and offers another way.
Despite being asked in the name of patriotism to spend, consumers are holding back. Perhaps Americans are realizing the economy exists to support us and the standard of living we choose, not the other way around.
Alan Greenspan is pushing on a wet noodle. Instead of interest rate cuts or corporate tax cuts, he should cut payroll taxes by $100 billion over the next 12 months.