Bernard Schwartz and Sherle Schwenninger for Democracy: A Journal of Ideas

Issue #6, Fall 2007

Public Investment Works

Since 1993, balanced budgets have been liberals' holy grail. It's time to reconsider.

by Bernard Schwartz and Sherle Schwenninger

Book View
Print Friendly
Download PDF
Email Article
Podcast

A n important debate over fiscal policy is beginning to take place within the Democratic Party. For the past 15 years, deficit hawks within the party have argued that addressing America’s fiscal challenges should take priority over our public investment needs, suggesting that, in effect, we cannot afford to ...

Please log in to read the rest of this article
and have FREE access to all Democracy content.

	Email Address	Password
	Forgot Password? Sign up

Bernard Schwartz and Sherle Schwenninger are, respectively, chairman and CEO of BLS Investments, the Chairman of Third Way, and the retired Chairman and CEO of Loral Space & Communications; and director of the Global Economic Policy Program at the New America Foundation and a senior fellow at the World Policy Institute at the New School.

The Lion at Rest

Thomas Oliphant: Ted Kennedy's greatness lay in his surprisingly rigorous self-awareness.

Out of the Rubble

Amy Wilentz: Do we create more caring communities in the wake of natural catastrophes? Depends on what "we" you mean.

The Courage of Our Contradictions

William Galston: A new liberalism must reflect not only on our permanent beliefs, but also on many Americans' reservations about them. A response to E.J. Dionne, Jr.

Clinton's Foundations

Matthew Cooper: Bill Clinton acted on principle far more often than you may think.

German Lessons

Clay Risen: Should progressives frustrated with our democracy pine for a parliamentary system? In a word—nein.

That Old College Lie

Kevin Carey: Are our colleges teaching students well? No. But here's how to make them.

The Next War on Poverty

Peter Edelman: Conventional wisdom aside, some '60s-era inner-city programs have been a success. Now it's time for Obama to launch phase two.

Federalism and Its Discontents

Greg Anrig: The states are drowning. The best life-preserver that Washington can throw at them is to take over Medicaid.

The Cairo Conundrum

Shadi Hamid: Egypt is the linchpin to America's Middle East policy—a policy that must make interests reinforce ideals, rather than conflict with them.

Obama Proposes Consumer Financial Protection Agency

News: President Barack Obama has proposed the creation of a Consumer Financial Protection Agency, an idea first written about in Democracy.

Michael Tomasky to Become Editor of Democracy

News: Michael Tomasky, a highly respected writer and editor with more than 20 years' experience covering American politics and helping to define and update progressive ideas, will join Democracy: A Journal of Ideas as its Editor.