Manhattan Institute
Diana Furchtgott-Roth is a fellow at the Manhattan Institute and a member of the Trump transition team. From 2003-2005 she served as chief economist of the US Department of Labor. She is also a former columnist for RealClearMarkets.com and the co-author of Disinherited: How Washington Is Betraying America's Young.
President Trump's opening offer America's deal-maker-in-chief has proposed a budget so draconian it's already called "dead on arrival" in Congress. Massive cuts in domestic programs would fund the biggest jump in military spending since Ronald Reagan faced down the Soviet Union. But many Republicans are disturbed that the biggest losers would be in rural areas where Trump himself won the most votes. Democrats are predictably outraged over threats to environmental protection and help for the working poor. The give-and-take is just beginning.
Does the Growing Income Gap Threaten the Middle Class? In 1915, the top 1% of Americans had 18% of the nation's wealth. Now they have 24%. That's despite the invention of labor unions, government regulations and the income tax. Timothy Noah, senior writer for the online magazine Slate.com, has written a 10-part series on income inequality, its effect on the economy and what can be done to reverse the trend.
Is Income Inequality a Threat to the Middle Class? One hundred years ago, in the era of Robber Barons, the richest 1% of Americans had 18% of the nation's income. The income tax, labor unions and the New Deal leveled things out but, since the 1970's, the income gap has been growing again and now it's wider than ever. Are the very rich just the top of a healthy middle class, or is the economy a zero-sum game with top earners refusing to let their wealth trickle down? We hear a debate that underlies the issues being raised in this year's midterm campaigns.
How was the trip? President Trump's travels got less fun as he went from the Middle East to Europe.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.