Today, as President Biden pushes for a $1.9 trillion economic package, the second-biggest item in which is $350 billion in cash for states (after $465 billion for direct payments to households), he faces a more benign situation than Hogan and Cuomo anticipated. Reader Engagement & Feedback. Submit a book for review. Compared with these risks, possible future inflation and debt accumulation hardly matter, and wise politicians would proceed accordingly. Keynes argued that depression-­fighting deficits should give way to boom-moderating surpluses. During crises, governments could use term-limited fiscal and monetary stimulus to prop up demand, buying time to reform accumulated structural impediments to growth. Then the states themselves would decide who gets federal support, and how much, in return for accepting “skin in the game.” State prohibitions on long-term borrowing may pose an obstacle to this approach, however. A daughter, a son and a granddaughter all survived him. But it’s not, for good reasons (a lack of accurate data on the fast-moving flow of state taxes and spending) and not-so-good reasons (the partisan and ideological biases of those debating the issue). Without needing an act of Congress, Biden extended more-generous rules on Medicaid reimbursement through 2021, which provided states $44.5 billion, according to the Center on Budget and Policy Priorities. He died peacefully at his Brentwood, California home, outliving his wife of 71 years, former actress Ruth Covell, who died in 2002. Buchanan argued, though, that the same result comes from persistent mis-allocation of resources through outmoded but politically untouchable government programs. The Washington Post's Charles Lane wrote an article on Friday called “Cold truths about electric cars' cold-weather shortcomings.” I feel compelled to write a rebuttal article for PluginCars.com, based on real life experience, not quotes from obscure websites and “what if” conjecture. edit data. Biden could help millions with the stroke of a pen. Charles Lane. He was the editor of The New Republic from 1997 to 1999. Charles Lane is a Post editorial writer specializing in economic and fiscal policy, and a weekly columnist. WashPost's Lane on Fox: Crime By Illegal Immigrants ‘Not A Real Issue'. As you may have noticed, we do not live in an ideal world. The latest: Biden signs $1.9 trillion stimulus into law, Calculators: Third round of stimulus checks | Child tax credit, Stimulus FAQ: What you need to do to get the third stimulus payment, What’s in the stimulus: Checks, unemployment insurance and more | PDF: Read the bill, Child Tax Credit FAQ: The Democratic plan to give most parents $250 a month, Small businesses: Biden administration revamp PPP rules in attempt to reach smallest companies, PPP Loans: How to get a small-business loan from the new PPP program | The businesses that received PPP loans. (Come to think of it, does “austerity” even have a technical definition?). 417 likes. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. Charles Lane. ), chair of the National Governors Association, and vice chair Andrew M. Cuomo (D-N.Y.) issued a plea for $500 billion in unrestricted federal aid to states, to offset expected “drastic state revenue shortfalls.” The $150 billion provided by the Cares Act for unbudgeted pandemic-related expenses would not suffice, they said, to prevent budget cuts and layoffs, which, in turn, would fuel recession. Glimpsing even a bent smile from this unending sourpuss was extremely rare, unless one perhaps caught him in a moment of insidious glee after carrying out one of his many nefarious schemes. Steven Pearlstein: Battle over $1.9 trillion covid relief package is as much about political optics as economic necessity, Paul Waldman: Why Democrats are divided on who gets stimulus checks. Krugman et al. wage comments were closed, I'm here to offer that Washington Post fire Lane, and replace him with two writers, who it would pay just half as much. When I read this article by Washington Post writer Charles Lane, acting as though he is surprised that fraudulent reporting continues with all the fact-checking, I thought it was a joke. Select the best result to find … Submit a correction. Submit an op-ed. The Fed’s zero-interest policy has goosed the stock market, which helped, too. Charles Lane: Austerity and Keynes can coexist - The Washington Post. Through visceral stories he shows the world how it truly is. This one-way ratchet in favor of debt reflects not mistaken economic thinking but ordinary political thinking: Spending programs create dependent constituencies, which lobby for them long after the initial crisis has passed. Charles Lane knows as much about politics in the United States as my dog 'Lester'. A collection of cartoons about the state of the economy. But it brings some big risks, too. It's not true that the school imposed an onerous security fee to discourage Wednesday night's event. Finalist: Charles Lane of The Washington Post Share: Twitter Facebook Email For his succinct and insightful editorials on the nation's economic collapse, zeroing in on problems and offering solutions with a steady voice of reason. CBPP’s latest estimate of the revenue shortfall for all states, localities, tribal nations and U.S. territories through fiscal 2022 is about $300 billion; this is the basis for the Biden administration’s $350 billion request, which also factors in spending needs, according to White House officials. Nobelists may be better qualified to describe the issues than the average voter, but they are no better qualified to decide them. Not all spending is pandering; some of it, such as basic research funding, can boost the economy’s growth potential. Buchanan’s contribution was to remind everyone that, in a democracy, deficit spending is very easy to turn on and very hard to turn off. CHARLES LANE, IN THE WASHINGTON POST: House Bill Oversteps on End-of-Life Issues. Government support for the economy generally, through small-business loans and unemployment insurance, has indirectly but significantly helped the states by maintaining the capacity of workers and firms to earn — and pay taxes. Contact the Newsroom Contact Customer Care Reader Representative Advertise Licensing & Syndication Request a Correction Send a News Tip Mean, miserly and miserable-looking, they didn't come packaged with a more annoying and irksome bow than Charles Lane. This ostensibly economic debate is being conducted amid uncertainty over such basic parameters as the multiplier effect of taxes and spending; the long-term impact of zero interest rates; and even “full” employment. In fact, there is no particular connection between a state government’s partisan lean and budgetary woes, with deep-red ones among the hardest hit. So how much unrestricted aid do the states really need? Charles Lane, Actor: It's a Wonderful Life. Yes, for the fiscal year that ended June 30, 2020, total collections fell 3.4 percent short of what states had planned before the pandemic, according to the National Association of State Budget Officers (NASBO), but this was less than many had forecast, and early revenue reports for the second half of 2020 suggest the worst is probably over for most states. A finalist for the 2009 Pulitzer Prize in editorial writing, he was formerly the Post’s correspondent at the Supreme Court for six years. Here are my answers. In an ideal world, Biden would see this as an opportunity to craft a lean, flexible solution to a problem that is real but hard to specify; and the GOP would engage, in good faith, on that basis. The impending budget surplus in California does create a new — better — argument against general federal support for states: Many don’t need it, because they are doing pretty well on their own. Contact the Newsroom. A finalist for the 2009 Pulitzer Prize in editorial writing, he was the Post's Supreme Court correspondent prior to joining the editorial board. President Trump’s recent remarks about the Otto Warmbier case are the latest example of a “chronic problem” Trump has yet to overcome, Washington Post opinion writer Charles Lane … Krugman, Stiglitz and their German nemeses can argue endlessly, and probably will. By Charles Lane From its beginning, the crisis in Egypt has reminded many Americans of similar events a generation ago in Iran, when the pro-American shah fell and -- because the Revolution evolved in a radical, anti-American direction -- took President Jimmy Carter down with him. - IMDb Mini Biography By: Gary Brumburgh / gr-home@pacbell.net. In the name of fighting unemployment today, they lay the basis for more of it tomorrow. Buchanan wanted to constrain governments through constitutional rules. Charles Lane (journalist), Washington Post reporter. did not come to pass,” Kathryn White, director of budget process studies at NASBO, told me. Find Charles Lane of The Washington Post's articles, email address, contact information, Twitter and more Charles Lane, an editorial writer for The Washington Post, believes that Republicans are wasting their time discussing border violence and crime caused by … There hasn’t been much to celebrate, economically or public-health-wise, during the past year, but one area has surprised on the upside: state finances. Read more from Charles Lane’s archive, follow him on Twitter or subscribe to his updates on Facebook. Charles Lane. [6] The population was 5,259 at the 2010 census. Full coverage of the coronavirus pandemic. Although they often cast this as a moral issue, they also argue that avoidable idleness reduces the economy’s growth potential, as jobless workers tend to lose skills or quit the labor force altogether. Their differences reflect not so much economic principles as deep-seated beliefs about how society should, and does, operate. But the difficulties of this one-size-fits-all approach are on display in Europe, where Germany is unwisely trying to impose its balanced-budget orthodoxy on the entire euro zone. Charles Lane of the Washington Post reflects on Wednesday night's event on campus. Now, you might say this contradiction discredits the Nobel. Hayden Christensen, left, stars with Chloe Sevigny and Melanie Lynskey in "Shattered Glass," a film that tells the story of how Stephen Glass fabricated articles for The New Republic. In theory, Congress could offer states low- or zero-interest loans, instead of grants, as my colleague Steven Pearlstein has suggested. Read a letter in response to this column: States and cities aren’t doing well in the pandemic. Much variation derives from states’ relative reliance on sales taxes (which have shrunk in tourism-reliant states such as Louisiana), as opposed to income taxes (which have poured in to California, where the denizens of Silicon Valley made a killing in the unexpected stock market boom). By Karen MacPherson, Pittsburgh Post-Gazette WASHINGTON -- Five years ago, Charles ("Chuck") Lane was certain he was finished as a journalist. Both sides actually agree that deficit spending or loose monetary policy, or both together, can goose the economy in the short run. Charles " Chuck " Lane (born 1961) is an American journalist and editor who is an editorial writer for The Washington Post and a regular guest on the Fox News Channel. “In the long run we are all dead,” quoth John Maynard Keynes. place top priority on the short-term problem of alleviating unemployment. Buchanan was, however, unrealistic in his own way. Leadership of The Washington Post Opinions section. Lawrence H. Summers: The Biden stimulus is admirably ambitious. Biden’s $350 billion request seems high; public-sector layoffs are a concern, but many so far have resulted from school closings rather than budget cuts per se and should end as schools reopen. . It is also essentially about value judgments and trade-offs. What concerns me more than what he doesn't know is why the Washington Post allows such nonsense to be printed? CHARLES LANE is a member of The Washington Post editorial board and a columnist for the paper’s op-ed page. Wisconsin just reported that it expects revenue to meet or exceed forecasts through fiscal 2023. “For various reasons, some of the more dire projections last spring . Charles Lane is a Washington Post editorial board member and op-ed columnist. July 10th, 2015 12:17 PM. Charles Lane is a Post editorial writer specializing in economic and fiscal policy, and a weekly columnist. That way, Washington Post can participate in stimulating the Every idea Lane offers is Lawrence Summers: A better ‘austerity’ debate, Robert J. Samuelson: Understanding the Reinhart-Rogoff brawl, Katrina vanden Heuvel: Austerity’s reign of misery, The Post’s View: This error is not the source of global ‘austerity’, The Post’s View: Europe needs Germany to lighten up. In other words, Buchanan identifies the Achilles’ heel of Krugmanomics: that politicians simply cannot be trusted, over time, to manage the economy as Keynes prescribed. How to submit a press release. Yes, the fiscal-stimulus vanguard includes a couple of famous Nobel winners, but those pesky Swedes also gave their prize to the harshest postwar critic of Keynesian economics, a man whose signature policy proposal was the balanced-budget amendment. Earlier in the week the Washington Post’s Chuck Lane wrote an op-ed arguing in favor of Jeff Flake’s amendment to cut National Science Foundation funding for political science. Charles Lane (filmmaker) (born … SLUG: PH/POST STAFF DATE: 3/6/2000 MP PHOTOG: Marie Marzi/FTWP mulit use LOCATION: TWP studio NEG:digital image CAPTION: Washington Post Editorial Writer Charles Lane. In taking umbrage at Post blogger Ezra Klein’s attack on Sen. Joe Lieberman (I-Conn.) for turning the health-care debate into his own personal grudge match against liberals, Post Partisaner Charles Lane gets a tad ad hoministic in terming Klein “youthful” -- presumably a term of disapprobation among venerable journalistic heads. Charles Town is a city in Jefferson County, West Virginia, United States, and is also the county seat. Charles Lane in Washington We found 22 records for Charles Lane in Mooresville, Onalaska and 13 other cities in Washington. Given the huge sums at stake and the importance of the issue, you’d expect the answer to be readily available. a version of this approach under Prime Minister Shinzo Abe. Charles Lane (born Charles Gerstle Levison; January 26, 1905 – July 9, 2007)[1] was an American character actor and centenarian whose career spanned 72 years. And democratic politicians can hardly be expected not to respond to the short-term economic suffering of their peoples. The most important news stories of the day, curated by Post editors and delivered every morning. In April 2020, as the United States entered a sudden shutdown, Larry Hogan (R-Md. . No doubt, persistent unemployment shrinks the economy’s capacity to grow, and to create jobs. Keep supporting great journalism by turning off your ad blocker. Contact the Newsroom Contact Customer Care Reader Representative Advertise Licensing & Syndication Request a Correction Send a News Tip Read more from Charles Lane’s archive, follow him on Twitter or subscribe to his updates on Facebook. Aggregate state and local tax receipts rebounded sharply between the second and third quarters, and now stand at pre-pandemic levels, of about $1.9 trillion, according to the Federal Reserve. For those of us trying to sort out the debate over economic “austerity,” there’s a limit to what can be learned by inspecting the credentials of the contending economists. Leadership of The Washington Post newsroom. Lane gave his last performance at the age of 101 as a narrator in 2006. Charles Lane may refer to: Charles Lane (actor) (1905–2007), American character actor ( It’s a Wonderful Life) Charles Lane (athlete) (1905-1954), Australian Olympic sprinter. And vote-seeking politicians oblige, usually neglecting to raise the corresponding, but unpopular, taxes. The Washington Post is regarded as one of the leading daily American newspapers along with The New York Times, the Los Angeles Times, and The Wall Street Journal.The Post has distinguished itself through its political reporting on the workings of the White House, Congress, and other aspects of the U.S. government. I prefer to see it as appropriate recognition that both Buchanan and such anti-austerian Nobel laureates as Paul Krugman and Joseph Stiglitz have their points. By Charles Lane. I refer to the late James Buchanan, dean of the “Public Choice” school of economics and the 1986 Nobel recipient. Lawrence H. Summers: My column on the stimulus sparked a lot of questions. Editorial writer and columnist specializing in economic and … Send a letter to the editor. Since the min. It’s possible, in theory, to reconcile the Krugman and Buchanan worldviews. The only thing I’m sure of is that neither side can achieve the kind of scientific victory that, say, Copernicus won over the Ptolemaic model of planetary motion. That’s probably true even when you factor in the additional spending burden all states, including California, are facing because of covid-19, but for which they already received targeted federal assistance from previous relief bills — much of it still unspent.