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Dealing with America's Debt Overhang

Tuesday, September 15, 2009 - 9:30am

Second Bernard L. Schwartz Economic Symposium

The bursting of the housing and credit bubbles has left the United States with a huge debt overhang. As a result of the buildup of private sector debt and the economic crisis, households and firms are finding it difficult to service debt and lay a foundation for a sustainable recovery.

New America Foundation's Economic Growth Program hosted leading economists and public intellectuals to discuss the following questions:

Who Will Care for the Newly Insured? | New York Times

September 5, 2009
... staffed by government employed doctors and health care providers, see Phillip Longman's book Best Care Anywhere, Why VA Health Care Is Better Than Yours ...

and more »

A(nother) public option | Tulsa World

August 30, 2009
Phillip Longman, the author of "The Best Care Anywhere: Why VA Health Care is Better Than Yours," recounts in a 2005 Washington Monthly article the horrific ...

and more »

Unemployed Losing Benefits | WTOP

August 4, 2009
Michael Lind discusses extending benefits for the under-employed and unemployed. Original clip

Can Obama Be Deprogrammed?

  • By
  • Michael Lind,
  • New America Foundation
August 4, 2009 |

In my first foray into political life in the 1970s, I worked during college on the staff of a liberal Democrat in the Texas state Senate. Only a few years earlier, Patty Hearst had been kidnapped and brainwashed by the Symbionese Liberation Army, and a moral panic about cults seducing college kids was sweeping the nation. One result was the rise of a new, thankfully ephemeral profession: "deprogrammers" who for pay would kidnap a young person from a cult and break the spell, by means of isolation, interrogation and maybe reruns of "The Waltons."

Green Jobs: Hope or Hype?

  • By
  • Samuel Sherraden,
  • New America Foundation
July 28, 2009 |

After the release of a miserable June jobs report, President Obama stood with a group of green company CEOs and told reporters that "men and women like these will help lead us out of this recession and into a better future."

But if the White House puts too many eggs in the green recovery basket, we may all be disappointed. The green sector is simply not large enough or competitive enough to be a major engine of job creation.

Immigrants Should Be Eligible for the Presidency

  • By
  • Michael Lind,
  • New America Foundation
July 28, 2009 |

The presidential election of 2009 is the first in American history in which questions about the citizenship of both major party candidates were raised. Article II of the Constitution says that "No person except a natural-born citizen ... shall be eligible to the office of president." During the campaign, some argued that this disqualified John McCain, because he was born in the Panama Canal Zone where his father, a naval officer, was stationed. Also during the campaign, some conservatives raised questions about whether Obama was born on U.S. soil.

The Power Problem

Friday, July 24, 2009 - 1:15pm

On July 24, Christopher Preble discussed his new book The Power Problem: How American Military Dominance Makes Us Less Safe, Less Prosperous, and Less Free. Dr. Preble was joined by New America's Michael Cohen, Senior Research Fellow and co-director of the Privatization of Foreign Policy Initiative, and Michael Lind, Senior Fellow and Policy Director of the Economic Growth Program, as well as Gordon Adams, a Distinguished Fellow at the Stimson Center, in discussing whether and how the U.S. should scale back its global military commitments.

Piece by Piece, Health Reform Could Add up for Obama | WSJ Marketwatch

July 22, 2009
"All of the parts could be done separately," says Michael Lind, policy director of the economic growth program at the New America Foundation. Original article

America’s Exhausted Paradigm

  • By Thomas Palley
July 22, 2009

This report traces the roots of the current financial crisis to a faulty U.S. macroeconomic paradigm. One flaw in this paradigm was the neo-liberal growth model adopted after 1980 that relied on debt and asset price inflation to drive demand. A second flaw was the model of U.S. engagement with the global economy that created a triple economic hemorrhage of spending on imports, manufacturing job losses, and off-shoring of investment. Deregulation and financial excess are important parts of the story, but they are not the ultimate cause of the crisis.

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