December 31, 2024
Farewell, President Stimulus
When it comes to stimulus, President Joe Biden has carved out a signature spot in American history. From his role as “sheriff” overseeing Democrats’ massive 2009 stimulus law to signing an even bigger stimulus bill as president in 2021, Biden is more closely associated with partisan stimulus policy than any other politician. And the disastrous political consequences of…
December 29, 2024
Why Rent Regulation Remains So Hard to Undo in NYC
Few would argue that New York City is mired in a housing crisis — as defined by high prices and low vacancies. There’s good evidence for that conclusion. The most recent federal New York City Housing and Vacancy Survey reported a vacancy rate of just 1.4%, “a stark contrast to the 4.54 rate in 2021”. Over the same period,…
December 27, 2024
DOGE Can Drive Reforms in America’s Broken Safety Net Programs
America’s broken safety net system has over 80 programs, costs $1.6 trillion annually, and perpetually underperforms. It’s inefficient, costly, and perversely functions like a snare net that traps people in poverty. But reform could be on the horizon, led by the new Department of Government Efficiency (DOGE). DOGE can address these staggering failures by identifying…
December 20, 2024
Fixing Inflation, Right-Sizing the Federal Government
Thirty years ago next month, Federal Reserve Board Chairman Alan Greenspan testified before a joint session of the House and Senate Budget Committees with talk of deficit reduction in the air. In January 1995, Republicans had just won control of both houses for the first time in 42 years. The federal debt had reached 48…
December 17, 2024
Make America Smart Again: The Jeopardy Test for Graduation
President-elect Donald Trump has signaled his intention to try to abolish the Education Department, long considered wasteful in a nation where public education is provided locally. If he were to succeed — a long shot, to be sure — state and local education overseers would have to step up to ensure quality education. On this front, the news is not promising….
December 17, 2024
Industrial Policy and Deficits: Dark Clouds for Democratic Capitalism
Democratic capitalism is a system that marries liberal democracy and free-market capitalism. This union creates tensions, and requires balancing competing aims. But this tension is healthy, not destructive — provided that democracy and capitalism are properly balanced, each sphere reinforces the other. Over the long term, capitalism requires liberal politics; and democracy will not maintain…
December 14, 2024
Why the Riskiest Situation NYC Foster Kids Can Face Is Visiting Their Birth Parents
Between 2020 and 2023, there were 2,154 cases of substantiated abuse and/or neglect of foster children in New York City. When New Yorkers read that statistic — taken from a recent City Comptroller’s audit of the Administration for Children’s Services — they might be shocked. Indeed, it might confirm their prior assumptions about how terrible foster care…
December 12, 2024
Which Men Cheat Least? Republican Husbands, Especially ‘Religious Wife Guys’
Republicans have an infidelity problem. If your only impression of Republican marriages was ripped from the latest headlines, this would seem to be a reasonable conclusion. But the picture appears different when we look beyond the headlines at the lives of ordinary Republican men. It turns out that Republican husbands, especially religious ones, are less…
December 11, 2024
The Often Overlooked Link Between Drug Use and Family Decline
Who are the victims when it comes to “deaths of despair”? Recent research has focused on the racial makeup of these tragedies — drug overdoses, alcohol-related deaths and suicides. According to a recent study, the number of Black people and Native Americans in this category has been growing while the number of white people has…
December 11, 2024
Some College Graduates Are Taking Lower-Paying Jobs
The promise of higher education is to equip students with new ideas and skills that will help them land higher-paying jobs. For many students, this dream comes true—but that is not what happens across the board. As college degree attainment has risen over time, many graduates find themselves taking jobs that traditionally belonged to those…