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Fiscal Policy

A New U.S. Grand Strategy

  • By
  • Patrick C. Doherty,
  • New America Foundation
January 9, 2013 |

The strategic landscape of the 21st century has finally come into focus. The great global project is no longer to stop communism, counter terrorists, or promote a superficial notion of freedom. Rather, the world must accommodate 3 billion additional middle-class aspirants in two short decades -- without provoking resource wars, insurgencies, and the devastation of our planet's ecosystem. For this we need a strategy.

The Sidebar: Over the Cliff and Hitting Your Limit

January 4, 2013
Marc Goldwein explains how Congress brokered the fiscal cliff deal, and warned of rocky terrain still ahead as legislators tackle across-the-board spending cuts and the debt ceiling. Danielle Kehl discusses the real reason that broadband providers implement data caps, and why anyone with a mobile device should care. Elizabeth Weingarten hosts.

Social Contract Budgeting: Prescriptions from Economics and History

  • By Peter Lindert, University of California - Davis
December 17, 2012

If there is to be any durable hope for a social contract that transcends left-right partisanship, that contract must rest upon a majority consensus about policies that are efficient, fair, and sustainable. Once the smoke has cleared from this November’s battle over the role of government, what will endure are several policy prescriptions kept alive by an objective reading of economic history and a general consensus among economists.

We’re Going To Fall Off a Cliff!!!!

  • By
  • Andrés Martinez,
  • New America Foundation
December 10, 2012 |
Have you stocked up on extra food and water?  Have a flashlight and plenty of spare batteries? The Fiscal Cliff is nigh, and much of Washington is fearfully counting down the days.
With all the hype, and the Wile E. Coyote-evoking image of the cliff, it’s hard to remember that the potential year-end hit to the economy is not an act of nature or something forced on the United States by cruel outsiders. The Fiscal Cliff is instead a crisis manufactured by a divided Congress that doesn’t trust itself to do the right thing in the absence of a crisis.

Answer Me This...

October 25, 2012

With the last of the three debates completed and the presidential election just around the corner, the New America Foundation has pulled together this video with people from our various policy teams to ask the candidates a few final questions about how they plan to govern. Check us out, tell us what you think, and if you seeeither candidate answering any of the questions, let us know--tweet to us at @NewHealthDialog and @NewAmerica!

Highway Robbery

  • By
  • Rosa Brooks,
  • New America Foundation
August 22, 2012 |

In August 2003, some colleagues and I were held up by armed bandits on the highway in Fallujah, Iraq. (Don't ask why I was dumb enough to be wandering around Fallujah.) My bandit -- there were quite a few of them, but I like to think of the guy who stuck a gun in my face as my bandit -- was straight out of central casting, complete with a red kerchief around his mouth and nose to disguise his facial features.

Room For Debate: "Is the Deficit Urgent, or a Distraction?"

  • By
  • Maya MacGuineas,
  • New America Foundation
August 30, 2012 |

The federal debt is the nation’s most pressing economic problem because our dangerously high debt levels are a threat on every issue — be it jobs, growth, competitiveness or public under-investment. The deficit is already harming the economy, and could eventually lead to a devastating fiscal crisis.

'Fix the Debt' Campaign Comes to Idaho

  • By
  • Maya MacGuineas,
  • New America Foundation
August 16, 2012 |

With the election season moving into higher gear and a “fiscal cliff” on the economic horizon, the American public will be hearing more and more about the crushing debt our country faces. As it happens, Idaho is extremely lucky to have two Members of Congress, Senator Mike Crapo and Representative Mike Simpson, who have been spearheading a growing, bipartisan charge to tackle the issue.

Europocalypse Explained

June 15, 2012

Europe's fiscal future is looking bleaker by the day. This weekend, the G-20 will convene in Mexico to determine how to avoid a possible global market meltdown spurred by European bank debt and default. In this podcast, two members of New America's World Economic Roundtable --Jonathan Carmel, the portfolio manager at Carmel Asset Management, and Peter Tchir, the founder of T. F. Market Advisers -- talk about the implications of the impending Spanish bank bailout, the possible consequences of this weekend's Greek election, and how the U.S.

It's Time to Tax Happiness

  • By
  • Charles Kenny,
  • New America Foundation
May 21, 2012 |

As the presidential campaign kicks off, both Mitt Romney and Barack Obama are looking for popular ways to reduce a still-ballooning deficit. However sensible, proposing deep cuts in Medicare or defense spending has little political appeal. Raising the income tax rate—at least on anyone earning less than a million a year—appears equally unpalatable. There is, however, at least one revenue-generating tool that’s simple, fair, and very efficient, at least in theory: a tax on happiness.

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