President Obama's budget for the 2015 fiscal year contains lots of populist proposals like more generous tax credits for the working poor, initiatives for education from preschool through college, for roads and other public works, and for research and manufacturing centers. Obama intends to pay for them with taxes, mostly on the rich, which would bring in more than $1 trillion over 10 years. But not all of that would go to government programs — much is, in fact, slated for deficit reduction.
Yet with the deficit declining at the fastest rate since World War II, I — and many others will probably agree — wonder why raising taxes is really necessary at this stage. With interest rates on government borrowing remaining near record lows, the market continues to offer the federal government very cheap money to invest in infrastructure, education, basic research, and measures to reduce economic inequality. That spending can be paid for later, when unemployment is lower, growth higher, and the economy in a stronger position to withstand tax rises.
Faster deficit reduction may be political wisdom — with a large majority of Americans considering deficit reduction a high priority — but it is not economic wisdom when millions of Americans remain out of work, and while economic growth remains relatively timid. It's especially unnecessary for a major superpower like the United States, whose currency and government debt securities are highly prized in global markets as "safe assets."
Police arrested at least 35 people Friday at a San Diego rally for Donald Trump. About 1,000 people turned out to protest the hard-line immigration policies of the presumptive Republican presidential nominee, Reuters reports.
Clashes between protesters and supporters were largely non-violent, but police in riot gear began pushing and pepper spraying protesters.
.@SanDiegoPD- Fantastic job on handling the thugs who tried to disrupt our very peaceful and well attended rally. Greatly appreciated!
— Donald J. Trump (@realDonaldTrump) May 28, 2016
Trump's campaign has come under fire for its history of conflict at rallies and its subsequent handling of both protesters and reporters. On Wednesday, police arrested protesters at Trump's Anaheim rally after they reportedly pelted officers with objects. Julie Kliegman
A Home Depot employee in Staten Island, N.Y., sparked death threats by wearing an "America Was Never Great" hat to work, The New York Times reports. Krystal Lake, 22, says she wore the hat after several co-workers wore pro–Donald Trump pins. "The point of the hat was to say that America needs change and improvement," Lake said. A company spokesman said Lake has been told never to wear the hat again.
After much back and forth, Donald Trump released a statement Friday saying definitively that he would not engage Sen. Bernie Sanders in a debate. The two camps had traded comments in the media after Trump said on Wednesday night's Jimmy Kimmel Live show that he'd debate the Democratic candidate, and Sanders agreed. There had been discussions of doing the debate for charity before Trump put the kibosh on the whole thing, as only Trump can:
Trump says he WILL NOT debate Bernie: " it seems inappropriate that I would debate the second place finisher" pic.twitter.com/EhUgIx2Nt5
— Zeke Miller (@ZekeJMiller) May 27, 2016
Sad! Kimberly Alters
The CEO of a New York-based technology investment company has offered to put forward $10 million to charity if Donald Trump will debate Bernie Sanders.
Trump has flip-flopped on his promise to debate Sanders, although he eventually said during a Thursday speech that he would do so only if someone paid $10 million to a "women's health charity." Sanders has also appeared to be up for a debate, asking for the matchup to take place in the largest stadium possible.
Traction and Scale CEO Richie Heckler told BuzzFeed News that his company would be willing to put forward the money if they were given the opportunity to host the debate. Heckler, who supported a Michael Bloomberg candidacy, aims to hold the event on June 6, the day before the California primary, and in the largest venue in California that can be secured. Heckler said "the format we're going to use will be different," and that the debate would be "a very powerful change to the process."
It would certainly be unusual, anyway — neither Trump nor Sanders have been officially nominated by their respective parties. In fact, Sanders looks more than likely to lose in July to Hillary Clinton, who has so far turned down his requests for another Democratic debate. Jeva Lange
Though Dr. Henry Heimlich developed his life-saving maneuver way back in 1974, it wasn't until this week that he actually put it to the test in an emergency. On Monday evening at his retirement home in Cincinnati, the 96-year-old retired chest surgeon saved someone who was choking with his namesake treatment for what he says is the first time ever.
During dinner, Heimlich noticed fellow resident Patty Ris, 87, suddenly begin to choke on a piece of hamburger. While staff rushed over to help her, it was Heimlich who ultimately stepped in to help. "I did the Heimlich Maneuver — of course,” Heimlich told The Guardian. “She was going to die if she wasn't treated. I did it, and a piece of food with some bone in it flew out of her mouth."
— USA TODAY (@USATODAY) May 27, 2016
Ris joined the ranks of the tens of thousands of lives, including former President Ronald Reagan, that have been saved in the U.S. thanks to Dr. Heimlich's maneuver. "When I used it, and she recovered quickly," Heimlich said, "it made me appreciate how wonderful it has been to be able to save all those lives." Becca Stanek
Customers in a Didsbury, England, coffee shop began to "freak out" after they heard shouting and "gunshot-like bangs," prompting one man to dive head-first out a window to escape, Metro reports. The Costa Coffee patrons believed they were experiencing a terrorist attack — although the sounds turned out to be noisy school children banging their trays downstairs.
"It sounded like shots were being fired. It was not just me who thought that," one woman who asked not to be named by The Manchester Evening News said. "Other people were running around trying to get out on to the balcony but the door was locked. I think that's why the man went for one of the front windows. When I looked round I could only see his feet hanging from the window. He was climbing out head first. To be honest I wasn't surprised by his reaction because we all thought an attack was happening. It sounded like there was a shooting downstairs. I was expecting people wearing balaclavas and carrying guns to come upstairs."
The man who jumped out the window may have broken his arm, and was taken to the hospital. Costa Coffee wishes him a speedy recovery. Jeva Lange
"There are a number of things in life that can calm down just about anybody; burning wood fires, and hanging out in hot tubs are chief among them," says J.D. Digiovanni at HiConsumption.com.
The Soak outdoor wood-fired hot tub ($4,450), created by a Canadian design and fabrication firm, combines both pleasures. Made from marine-grade aluminum, stainless steel, and red cedar, this tub for two heats up via a wood fire or propane. The tub's Bauhaus-inspired modernist lines aren't what you expect from a wood-fired tub, but the look is "a great fit for almost any backyard."