In his op-ed piece of last Sunday’s Washington Post, Larry Summers underscored that the Obama administration’s fiscal stimulus package is being designed not only to create “jobs and incomes essential for recovery,” but also to make “a down payment on our nation’s long-term financial health.” He illustrates this point by noting the importance of investments […]
It is with great sadness that I note the passing on Christmas eve of Samuel Huntington, long-time teacher, friend, and editorial board member of The American Interest. I knew Huntington from my final year in graduate school at Harvard, when he had just returned from service in the Carter administration to the Government Department. He […]
It is difficult not to wonder about this. When I discuss the matter with my friends, the inevitable point is made that it is really hard to spend $50 billion dollars, even over a 10-15 year period. So where did it all go and what does this have to do with our fiscal deficit? My […]
As the United States Government seeks to dig the economy out of a recession through a massive fiscal stimulus package, many voices continue to remind us that the larger challenge to be faced is the large and growing long-term fiscal debt. For example, the Center on Budget and Policy Priorities (CPBB) has just issued budgetary […]
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We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.