A project of the
Institute for Policy Studies

Obama, Letterman, and the ‘I’ Word

Reducing inequality solves many of society’s problems, including those of Baltimore and Ferguson. President Obama has not taken on this challenge. Hopefully the next president will.

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China’s Third Plenum Endorses the “Decisive” Role of the Market — Unfortunately for China

Making the market “decisive” means that the Chinese government has decided to place profits before people — and even before that previously invincible talisman, economic growth.

Inequality and the Rich

The top 0.5% of Americans are about 1.5 million people. And by definition they’re the 1.5 million richest and most powerful people in the country.

Exploding the Debt Threshold Myth

Following on the heels of the 2008 global financial crisis and the associated spike in government borrowing in Europe and the United States, the Reinhart-Rogoff paper quickly became a touchstone for the small-government crowd. Austerity is the order of the day. Reinhart and Rogoff are its prophets.

The Way to “Save” Medicare Is to Expand It

If the United States were able to reduce its health care spending from 17.8% of national income to a more normal 11.8% of national income, we would be spending $905 billion less on health care every year. Obamacare won’t do that. Neither will the Medicare “reform” proposals currently under consideration. Only one policy proposal would bring the US healthcare system into line with those in other countries: Medicare for all.

Entitlements are fundamental Human Rights, not political poker chips to be bargained away

The basic necessities of life are not for government to give or withhold based on its current budget situation. They are things we are entitled to have, no matter how inconvenient it may be for our neighbors to pay for them.

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