Robert J. Samuelson HEADLINES
WASHINGTON — Here is the most interesting fact about the economy that you’ve never heard: Without health spending, the rest of the economy is barely producing more than it did in late 2007, just before the start of the Great Recession. We’ve spent 51/2 years struggling to get back where we were, and many industries are hardly making it.
In today’s contentious political climate, when hardly anyone agrees on anything, here’s a rare subject of consensus: Health spending is slowing, and almost everyone thinks that’s a good thing.
The bankruptcy of Detroit is an extreme example, but it is not an isolated case. State and local governments face a prolonged squeeze between costly commitments to retirees and demands for better services. Think schools, police, libraries, parks, roads and prisons.
WASHINGTON — If nothing else, Detroit’s bankruptcy marks the symbolic closure of an era when heavy industry dominated the American economy and, through its factories, the United States dominated the world. We think of our time as a period of wrenching change, but it’s not in the same league with the tumultuous transformations of the late 19th and early 20th centuries. In these turbulent decades, the country went from a predominantly rural society of farmers and small businesses to an urban nation of massive enterprises and crowded cities.
WASHINGTON — Just when you thought that America’s labor market was improving, with employment gains averaging about 200,000 a month, comes Mort Zuckerman, real estate magnate and chairman of U.S. News & World Report, throwing cold water on any optimism.
WASHINGTON — There is something about Amtrak – perhaps the romance of railroads or the promise of relieving traffic congestion and economizing on oil and greenhouse gas emissions – that causes otherwise sensible people to lose contact with reality.
News Tribune Editorial Writers
Special to The News Tribune
- Katie Baird
- Richard S. Davis
- Bill Hall
- Karen Irwin · blog
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Community Columnists · 2013
Community Columnists · 2012
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