Pretty much this
This comment at Gawker made me very upset because it is true: Let’s say there’s this person called America. Now,...
Taxes are the elephant in every room
Ten years ago we were on a path to paying off the country’s debt. In fact, if we had stayed on the same trajectory the debt might be paid off already. But then we cut taxes even more, and raised the military budget even more, and the deficits and resulting debt exploded. This sequence — deficits caused by tax cuts and military spending increases — should be stated clearly at the start of every meeting that discusses deficits and debt.
The not-so-loyal opposition
In the debt-ceiling debate Republicans are holding the country hostage again, demanding that the country shift to a radical pro-big-corporate/big-wealth agenda as the ransom. At the same time the Tea Partiers say don’t raise the debt limit, period, and let the country default, hoping that out of the resulting chaos and desperation they can rebuild the economy in an Ayn Randian, rule-by-the-rich vision.
Distractions, distractions
Weiner’s weiner, Bachman’s bumblings, Charlie Sheen’s shenannigans, Palin’s pussyfooting...
Debt ceiling doomsday: How flirting w...
New Deal 2.0 Assistant Editor Bryce Covert sat down with Roosevelt Institute Senior Fellow Bo Cutter, who was director of the National Economic Council and Deputy Assistant to the President from 1992-1996 in the Clinton White House. In the first of a two-part interview, he explains why there is such limited time to raise the debt ceiling, how a default could lead to a double dip, and why every single American will feel the pain.
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