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Rather than better primaries and more Crossfires and Perots, how about clean elections and public investment in a healthy press that is less corporate-controlled...
...opposition to the seemingly unstoppable engine of the education-reform movement, which she believes is too quick to demonize teachers and unions in its attempts to improve the quality of the nation's schools and close the achievement gap. With scathing looks at the influence of private money in public schools and the national obsession with testing over learning, Ravitch's critique is an essential one--passionate, well considered and completely logical...
Inside the new Obama White House, the President's team included green-energy boosters in the policy skull sessions, and regular meetings with outside advisers and nearly weekly public events were held to promote green energy as a way to create jobs. Some of the heaviest hitters were on the President's Economic Recovery Advisory Board, a committee of corporate leaders and economists whom Obama brought inside the White House to advise on everything from regulatory reform to global warming. Formed during the transition, it included top fundraisers such as Hyatt family scion Penny Pritzker, Obama's Silicon Valley ally...
...total gross debt reaching 100% of U.S. GDP this year or next and surging every year thereafter. There is bipartisan agreement that the deficits and overall debt are unsustainable. Douglas Holtz-Eakin, a former director of the Congressional Budget Office, has urged policymakers not just to educate the public about the dangers ahead but also "to scare them to death" about the dire prospects if the debt is allowed to continue to grow. (See a report card on the stimulus programs...
Like home mortgages, much of the debt never has to be paid down. Half of the debt of trillions of dollars is owed by the federal government to itself, and a quarter more is owed to the American public. Because of the unique role of the dollar as the global reserve currency, the debt the government owes itself can simply be rolled over endlessly. Only the interest payments are a must. As long as the dollar remains central to the global system - and there is little chance of that changing in the next decade - the U.S. will have the latitude...