Democrats have gotten themselves entangled in a nasty, complicated and ultimately unnecessary debate over an obscure financial law that Congress repealed 16 years ago. The debate boils down to this: Did the elimination of the 1933 Glass-Steagall Act, which erected a firewall between commercial and investment banking, cause the 2008 financial crisis? In Tuesday night’s […]
The first Democratic presidential debate, held in Las Vegas on Tuesday, was a progressive bidding-war on a number of issues, and nowhere more so than Social Security. Gone are the 1990s, when moderate Democrats favored reducing benefits or raising the retirement age to keep the troubled retirement program solvent. Despite larger long-term funding deficits and […]
Well, it turns out Hillary Clinton, Martin O’Malley and Bernie Sanders have one point of total agreement. The three declared hopefuls to win the Democratic nomination for president all agree with President Barack Obama that the federal government should force businesses to provide up to seven days of paid sick leave each year for their […]
It’s been an exciting campaign season so far for Americans interested in federal tax reform. Throughout the last few months, candidates in both parties have put tax policy at the center of their platforms, promising to make the federal tax system simpler, fairer, and better for the economy. Many candidates have also begun to issue […]
Former Maryland Governor Martin O’Malley is readying himself for a White House run. His recent rhetoric on economics shows that he will run to the left of Democratic frontrunner Hillary Clinton. After two terms of an unpopular left-wing president, that is surely the last thing the country needs. The good news is that O’Malley has […]