Tim Price

Deputy Editor

Recent Posts by Tim Price

  • Daily Digest - April 11: Obama's Two-in-One Budget

    Apr 11, 2013Tim Price

    Click here to receive the Daily Digest via e-mail.

    A Budget Focus on Inequality (NYT)

    Click here to receive the Daily Digest via e-mail.

    A Budget Focus on Inequality (NYT)

    Annie Lowrey writes that President Obama's latest budget reflects his oft-stated desire to protect and expand the middle class with measures like raising the minimum wage and funding universal preschool, i.e. the parts that aren't pre-chewed for Republicans.

    Will Voters Forgive Obama for Cutting Social Security? (The Nation)

    William Greider expects that Social Security will make it through the budget negotiations intact, if only because there's an election coming, but that's no guarantee that the Democratic Party's reputation won't be left in tatters once the GOP brings out the knives.

    Fiscal frauds (WaPo)

    In case anyone thought Chained CPI would win Obama some brownie points with the GOP, Greg Sargent notes that while Boehner, Cantor, and McConnell have all backed the idea, the NRCC is adding it to the evidence file labeled "History's Greatest Monster."

    Stiglitz Says More Fiscal Stimulus Needed in U.S. (Bloomberg)

    Appearing on "Bloomberg Surveillance," Roosevelt Institute Chief Economist Joseph Stiglitz reiterates that what the economy needs now is more government spending, not less, though what we're getting lately is just austerity with the serial numbers scraped off.

    Rand Paul's Revisionist History (Washington Monthly)

    Ed Kilgore notes that in a speech to Howard University, Rand Paul claimed that African Americans left the GOP because they were lured by the siren song of the New Deal, when they should have just waited for the invisible hand to anoint them as equals.

    Where Did All the Workers Go? (The Atlantic)

    Derek Thompson looks at why labor force participation has fallen to just 63 percent and posits that the rest went to school, retired, saw their factories shuttered, or decided the job market's so miserable that they'd rather spend some quality time with Netflix.

    'Obama phones' subsidy program draws new scrutiny on the Hill (WaPo)

    Karen Tumulty examines the pseudo-controversy over "Obama phones," a.k.a. Lifeline, a federal program started under Ronald Reagan that offers phone service subsidies to low-income Americans. Probably so they can call in to the secret strategy meetings.

    Bitcoin, Explained (MoJo)

    Adam Serwer and Dana Liebelson offer a beginner's guide to the wonderful world of Bitcoin, a virtual, central bank-free alternative currency that's been rapidly fluctuating in value all week. Tl;dr version: the Internet's doing something weird again. Look away.

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  • Daily Digest - April 10: A New Bank Reform Recipe Calls for Less Basel

    Apr 10, 2013Tim Price

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    Sherrod Brown and David Vitter have a new bipartisan bill to end Too Big to Fail. Here's what it does. (WaPo)

    Click here to receive the Daily Digest via e-mail.

    Sherrod Brown and David Vitter have a new bipartisan bill to end Too Big to Fail. Here's what it does. (WaPo)

    Roosevelt Institute Fellow Mike Konczal breaks down the leaked Brown-Vitter bill that would significantly raise capital requirements but would throw out the barely established Basel III ground rules, potentially giving banks a reason to smile through their tears.

    The Hard Work of Achieving Results (Chronicle of Philanthropy)

    Everyone wants to be part of it, but no one's sure what it is. Phil Buchanan writes that Roosevelt Institute Fellow Georgia Levenson Keohane's book, Social Entrepreneurship for the 21st Century, details the shape of its subject based on the footprints it's creating.

    Social Security's needed expansion (WaPo)

    Katrina vanden Heuvel writes that the only thing worse than the politics of handing the GOP their next cycle of attack ads neatly gift-wrapped in Social Security checks is the economics of cutting the program's meager benefits instead of increasing them.

    Cash Benefit Programs Are Not Really Government Spending (Policy Shop)

    Matt Bruenig argues that the go-to right-wing critiques of government spending -- that it leads to waste and corruption and that individuals can better prioritize their needs -- fall apart when applied to programs that simply send people money and wish them well.

    Foreclosure Review Finds Potentially Widespread Errors (HuffPo)

    Shahien Nasiripour reports that after a thorough review, regulators have determined that mistakes were made by mortgage companies at the height of the foreclosure crisis. And then made again, and again, until a third of all foreclosures were screwed up.

    Bank stole your house? Have 10 pitchforks' worth of compensation (Salon)

    Lots of people might have been kicked out of their homes because some bank factotum misplaced their paperwork, but at least they'll be compensated for it. Alexis Goldstein's new Tumblr offers advice on how to spend the big $300 check they have coming.

    The Gender Wage Gap Differs by Occupation (CAP)

    In honor of Equal Pay Day, Sarah Jane Glynn and Nancy Wu find that a whopping 97 percent of full-time working women have occupations that pay them less than men, while the ladies earn more in exactly seven jobs, like the booming stock clerk field.

    The Tax Police Budget Shrinks (Tax Analysts)

    David Cay Johnston notes that due to our leaders' overwhelming concern with reducing the deficit, we can expect another round of budget cuts for the Internal Revenue Service, also known as that agency responsible for collecting money to pay for stuff.

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  • Daily Digest - April 9: What Did the Deficit Ever Do to You?

    Apr 9, 2013Tim Price

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    Why do people hate deficits? (WaPo)

    Click here to receive the Daily Digest via e-mail.

    Why do people hate deficits? (WaPo)

    Suggesting America doesn't need to balance its budget strikes a lot of people like saying bald eagle should be the main course at the next state dinner, but as Dylan Matthews writes, there's no reason for us to consider deficit spending the eighth deadly sin.

    The Stealth Sequester (Robert Reich)

    Reich notes that while sequestration cuts haven't lived up to their hype yet, that's mainly because they're localized, focused on the poor, causing furloughs instead of layoffs, and just getting started. If you were hoping for terrible news, patience will be rewarded.

    When will this do-nothing Congress wake up to America's jobs crisis? (Guardian)

    Heidi Moore writes that while unemployment remains stubbornly high, labor force participation continues to drop, and poverty continues to rise, the only time the idea of job creation seems to stir Republicans in Congress is when they get a chance to block it.

    The Economic Story of the Year: The Stock Market vs. the Labor Market (The Atlantic)

    Derek Thompson argues that the stock market soaring to all-time highs while jobs reports show the recovery limping along is no coincidence; it's the result of a 40-year trend of corporations leaving workers behind like spectators at a space shuttle launch.

    How Many FDR Democrats Will Oppose 'Chained-CPI' Social Security Cut? (The Nation)

    John Nichols looks at the progressive effort to convince President Obama to leave Social Security cuts out of the "compromise" budget he plans to release tomorrow. Meanwhile, a very nervous White House intern's mouse cursor hovers over the print button.

    The People's Choice for the People's Pension (NYT)

    Nancy Folbre notes that there's a way to shore up Social Security's finances that actually enjoys broad popular support: eliminating the payroll tax cap so the highest earners pay more into the system. But that option is right out, because who asked us?

    The U.S. Collects Smaller Percentage in Taxes Than Most Developed Countries: Study (HuffPo)

    While conservatives like Paul Ryan often talk like there's an IRS agent camping in the bushes outside every American home, a new study of OECD nations shows that only Mexico and Chile tax less and the U.S. has a ways to go to catch up to Slovakia.

    Kitchen Sink Socialism (Jacobin)

    Andrew Fogle argues that we shouldn't be wasting our breath debating whether or not allowing same-sex marriage will destroy traditional family structures when austerity is already doing a fine job of pushing straight people to go live in hippie communes.

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  • Daily Digest - April 8: Draining the Secretarial Pool

    Apr 8, 2013Tim Price

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    How much money do you make? (WaPo)

    Click here to receive the Daily Digest via e-mail.

    How much money do you make? (WaPo)

    Roosevelt Institute Fellow Mike Konczal examines a question that complicates income inequality -- partly because no one wants to answer it, but also because when liberals and conservatives are asked to show their work, they don't even agree on the math.

    Where Have All the Secretaries Gone? (Businessweek)

    Sheelah Kolhatkar notes that Mad Men's return highlights changes in the workplace. Fewer bosses are getting soused in the middle of the day, and their assistants are disappearing entirely. Research by Mike Konczal and Bryce Covert explains the latter.

    The Promise of Abenomics (Project Syndicate)

    Roosevelt Institute Chief Economist Joseph Stiglitz argues that Japanese PM Shinzo Abe's "three arrows" of economics, focused on monetary policy, fiscal stimulus, and growth, will get better results than U.S. and European policymakers' empty quivers.

    Destroying the Economy and the Democrats (Prospect)

    Robert Kuttner writes that while there was probably no good time for President Obama to leak that he was putting Social Security and Medicare on the chopping block, the week we found out the economy added just 88,000 jobs in March definitely wasn't it.

    Insurance and Freedom (NYT)

    Paul Krugman notes that since "Poor people: gross!" is no longer a winning message for opponents of the safety net, the Republicans blocking Medicaid expansion are framing it as a blow to the soul-crushing tyranny of insurance and affordable health care.

    This Week in Poverty: Sequestration, Housing, Homelessness (The Nation)

    Greg Kaufmann writes that sequestration is anything but abstract for the 140,000 low-income families who will have their housing vouchers cut off, which should generate at least 3 percent as much outrage as the canceled tours of the president's house.

    Debtors' prisons are back: how heart-warmingly Dickensian! (Washington Monthly)

    Kathleen Geier highlights a report from Ohio's ACLU on the state's new debtors' prisons and the various ways in which they violate local law, constitutional law, and plain old standards of human decency, all for the chance to claim that glorious $300 bounty.

    The Fries-With-That Economy (NYT)

    Catherine Rampell notes that employment in food services and drinking places accounted for one in 13 American jobs in March, with an average hourly wage of $11.98. And the more this news spreads, the more popular those "drinking places" get.

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  • Daily Digest - April 5: Obama Cuts to the Chase

    Apr 5, 2013Tim Price

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    Obama Budget Reviving Offer of Compromise With Cuts (NYT)

    Click here to receive the Daily Digest via e-mail.

    Obama Budget Reviving Offer of Compromise With Cuts (NYT)

    Jackie Calmes reports that the president plans to reissue his final offer to John Boehner from last year's deficit negotiations, including chained CPI and cuts to Medicare, though the GOP is still giving increased tax revenue the full Green Eggs and Ham treatment.

    Abolish the 401(k) (Salon)

    Michael Lind writes that Social Security was never meant to be the sole source of retirement income, as its critics love to point out, but that means we should be focused on expanding the one program that works, not breaking it so it matches all the other options.

    The Urge to Purge (NYT)

    Paul Krugman notes that Mellonites who saw the Great Depression as a necessary corrective, like medieval bloodletting, were once thought thoroughly discredited, but conservative commentators have rescued that philosophy from the garbage disposal of history.

    The New Telecom Oligarchs (The Nation)

    Michael J. Copps writes that Roosevelt Institute Fellow Susan Crawford's Captive Audience offers insightful analysis of a trend that plagued him as FCC commissioner: the Katamari Damacy-like growth of merger-happy telecom giants that roll right over their customers.

    Cancer clinics are turning away thousands of Medicare patients. Blame the sequester. (WaPo)

    Sarah Kliff reports that cancer clinics are turning away patients whose chemotherapy has become too costly due to the sequester's Medicare cuts. But remember: Barack Obama was exaggerating about the sequester, just like Al Gore is a liar every time it snows.

    The McJobs Strike Back: Will Fast-Food Workers Ever Get a Living Wage? (The Atlantic)

    Sarah Jaffe looks at the second strike to hit New York's fast food industry in the last six months as workers build on the momentum of recent victories on the minimum wage and paid sick days. If they keep it up, they might even be able to afford to live in their own city.

    Young Adults Make Up Nearly Half of America's Unemployed Workforce (Think Progress)

    Travis Waldron highlights a new Demos report that finds 10.3 million Americans ages 18 to 34 are either out of work or underemployed, with minority youths and those without a college degree hit especially hard. Stay in school, kids. Forever, if at all possible.

    Wages of young college graduates have failed to grow over the last decade (EPI)

    Heidi Shierholz reports that instead of increasing by more than 19 percent like they did from 1995 to 2000, wages for young college grads did that other thing where they shrank by 7.6 percent between 2007 and 2012. Sorry about your future, class of 2013.

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