What They're Not Telling You (NYTimes)
Republicans created the fiscal mess we're in, and it's going to take robust economic growth, prudent cutbacks, and higher taxes to get us out.
The Appeal of Austerity is Fading -- Where is Obama? (HuffPo)
Robert Kuttner notes that moderates are increasingly skeptical of conservative demands for more tax cuts and less government spending, but President Obama has not stepped up with a Roosevelt-style employment program.
To deal with the deficit, let the tax cuts expire (WaPo)
Fareed Zakaria argues that the Bush tax cuts were unaffordable from the start and that renewing them is out of the question if we're serious about deficit reduction.
Deflation, Not Deficit, Is the Real Threat (The Nation)
If the Fed doesn't do enough to combat deflation, we could be headed toward the next Great Depression.
Defining Prosperity Down (NYTimes)
Paul Krugman worries that the biggest problem facing America's unemployed is that politicians and Fed officials have decided there is nothing they can do to help.
The crisis of middle-class America (FT)
Over the last few decades, the rising tide that lifts all boats has become a stagnant sea, and most of the boats have sprung a leak.
Are the American people obsolete? (Salon)
Michael Lind suggests that if America's ultra-rich no longer have any use for the rest of us, we might be better off somewhere else.
A Richter Scale for Markets (NYTimes)
The emerging field of econophysics seeks to capture the raw, messy detail of market earthquakes and their aftershocks that rigid theoretical models sometimes miss.
How the US learned to love healthcare reform (Guardian)
Medicare enjoyed its 45th anniversary last Friday, and polling suggests that the Affordable Care Act may have the same longevity now that the furor has faded.
Paul Ryan's Medicare Plan (Think Progress)
Matt Yglesias points out that the much-touted Medicare savings in Rep. Paul Ryan's budget roadmap would come from not paying the cost of medical care.
Elizabeth Warren, touted to lead new consumer protection agency, has powerful enemies (LA Times)
Wall Street insiders are warning that Elizabeth Warren thinks she's smarter than consumers, but they're really worried that she's smarter than they are.
Obama should give Warren a recess appointment (Boston Globe)
With Congress about to head home until September, President Obama has an opportunity to take a stand against Republican obstructionism and give Elizabeth Warren a chance to hit the ground running at the new agency.
The New Credit-Card Tricks (WSJ)
After the reforms of 2009, credit companies have begun to pile on new fees to recoup their losses.
The auto industry lives. Can we admit that government intervention worked? (WaPo)
E.J. Dionne praises President Obama (and his predecessor) for having the courage to buck public opinion and do what was necessary to prevent the collapse of the American auto industry.
The filibuster is giving enviros unwarranted self-esteem issues (Grist)
When you have a majority of the public and both chambers of Congress on your side, why let a procedural stumbling block discourage you?
Quote of the Day (Washington Monthly)
Would-be Speaker of the House John Boehner assured Fox News Sunday viewers that the GOP's economic policies will not be influenced by economists or numbers.