Reihan Salam

Paul Ryan, Patty Murray and a budget walk into a bar

By Reihan Salam
March 15, 2013

This week, House Republicans and Senate Democrats released budget resolutions that illustrate the chasm that separates the two parties.

Does Britain’s austerity hold lessons for the United States?

By Reihan Salam
January 4, 2013

The dog’s breakfast of a deal that “resolved” the fiscal cliff fell far short of expectations. In the hours after it passed, deficit hawks at the Committee for a Responsible Federal Budget and the tag team of former Senator Alan Simpson and former Clinton White House chief of Staff Erskine Bowles all expressed disappointment in a bargain that was anything but grand. Senate Republicans gritted their teeth to accept a small increase in taxes on America’s highest-earning households while Senate Democrats made permanent the bulk of the Bush-era tax cuts. A number of tax provisions that hark back to the 2009 fiscal stimulus law were extended, as were unemployment benefits, thus delivering a modest income boost to a large number of low-income households. But the Social Security payroll tax cut, a Republican-backed replacement for the more narrowly targeted Making Work Pay tax credit that was part of the stimulus law, which benefited a wide range of affluent households as well as families of more modest means, was allowed to lapse. Long-term spending levels, meanwhile, were left largely untouched, which is why rebellious House Republicans came close to scuttling the delicately constructed compromise.

Fighting threats in the age of austerity

By Reihan Salam
November 13, 2012

Now that President Obama has been reelected, he faces a number of basic questions about the future of America’s national security strategy. The most immediate of these concerns how the president will address the deep cuts to defense expenditures that will be triggered under last year’s Budget Control Act if congressional Republicans and Democrats can’t reach an agreement on a deficit deal. Answering this question requires a broader sense of the threats we face and what we ought to do about them.