Default Would Kill Jobs
July 30, 2011
The economic consequences of hitting the debt ceiling may be bigger than you realize. If the government can't pay all of its bills and the agencies downgrade America's credit rating, one likely effect is higher interest rates. That would obviously slow down the economy, by, among other things, making it more expensive for business to take out loans. But hitting the debt ceiling could have an even more direct impact on growth, as Michael Ettlinger and Michael Linden point out in a newly updated briefing for the Center on American Progress.
We Have A Revenue Problem
May 23, 2011
Deficit hawks have tended to treat the notion of solving the medium-term fiscal probably entirely through taxes as some impractical left-wing scheme. Michael Linden and Michael Ettlinger point out that this would work perfectly well: The United States is an extremely low-tax country compared to the other economically advanced countries in the Organisation for Economic Cooperation and Development.
November 18, 2010
-- John Judis: Obama doesn't understand independents, and that could cost him. -- CAP's Michael Linden says the Rivlin-Domenici plan is less progressive than it looks. -- But Paul Krugman is okay with it.
How The Recession Affected Rich And Poor
October 01, 2010
Michael Linden and Heather Boushey break down how the recession has hit different income groups: The remedy, of course, is to cut tax rates for the highest-earning 2%.