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Pete Peterson's Anti-Deficit, Debt Views Still Haunt US Government, Economy

Pete Peterson's Anti-Deficit, Debt Views Still Haunt US Government, Economy
businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.

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Centrist Pundits' Supposedly Savvy, Terribly Wrong Takes About the New York Mayoral Race

Centrist Pundits' Supposedly Savvy, Terribly Wrong Takes About the New York Mayoral Race
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Andrew Yang Is Leading the New York City Mayor's Race, But His Policies Are Off Base

The Atlantic proclaim, respectively, âThe eccentric-entrepreneur-turned-failed-presidential-candidate is campaigning on a promise to make the city fun again. It might workâ and âHis proposals are radical. Heâs obsessed with robots. Heâs never even worked in government. And next year he might be running New York.â
A lot of coverage of Yang paints him as an affable nerd who is quirky, a self-described math obsessive, and a cheerleader for New Yorkâs post-COVID recovery. Some of the upbeat, apolitical selling points for Yangâs campaign are that heâs youthful and an agent of change â a term that is rarely defined but often implied to mean progressive. As ....

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Biden Can Reshape Economy, Fight Climate Change, Bash Wall Street Boogeymen

Dilip Vishwanat/Getty Images; Samantha Lee/Insider
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Joe Biden plans to pay for his climate, infrastructure and jobs bill with higher taxes instead of deficit spending
Democratic politicians have been scared off from ambitious deficit spending to avoid spiking interest rates imposed by so-called bond vigilantes.
But investors demand safe assets like federal debt, so rates are extremely low, and the Federal Reserve can keep them low.
Alex Yablon is a Brooklyn-based journalist and Contributing Opinion Writer.
This is an opinion column. The thoughts expressed are those of the author. ....

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