Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.

If you look at the studies coming out of the Congressional Budget Office, the number one thing that's going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.

Tax increases appear to have a very large sustained and highly significant negative impact on output.

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

The steel workers have now buried their dead, while the widows weep and watch their orphaned children become objects of public charity. The murder of these unarmed men has never been publicly rebuked by any authoritative officer of the state or federal government.

All art is political in the sense that it serves someone's politics.

If you believe that America must work for all of us, not just the rich and powerful, if you believe we must reject the politics of fear and division, if you believe we are stronger together, then let's work our hearts out to make Hillary Clinton the next President of the United States!

If the Chinese will not learn the true principles of government, all else will be useless. Knowledge is power, and although a country may be weak, still, if it possess but a modicum of knowledge, the enemy will not be able to completely overthrow it; although that country may be in danger, the race will not be extirpated.