Tag Archive | "Debt"

Let The People In–and Cut the Deficit

As regular readers of this space know, I’ve argued for a number of years that the whole obsession over the debt and deficit is just crazy. It’s a manufactured crisis and evidence just keeps mounting that the entire austerity-budget-cutting mania is just foolish and, on the facts, wrong. But, if you want to worry about the deficit, here’s a nice wrinkle that will frustrate the hell out of the “keep immigrants out” bozos: immigration cuts the deficit.

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Lesley Stahl Steps Down, CBS Still Stonewalls: The Story Continues

Yesterday, after one week of silence and stonewalling, Lesley Stahl’s name disappeared from the list of Advisors to the Peter G. Peterson Foundation. But, this story is not quite over. CBS continues to stonewall over the circumstances of Stahl’s service on the Peterson Foundation Advisors’ board — which was a blatant violation of basic ethical journalistic standards and CBS’ own ethical guidelines. Let us refer to this as Stahlgate — and as usual it’s the cover-up that is the worst part of this saga.

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CBS STONEWALLS Lesley Stahl Conflict of Interest: Only The People Can Break Through

A week ago, I wrote about Lesley Stahl’s obvious,no-brainer, significant conflict of interest. I wrote to CBS asking for an explanation. Crickets. Are we going to let this nonsense continue

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Lesley Stahl’s Giant Conflict of Interest–And A Lesson About Ethical Corruption

Why is Leslie Stahl sitting on the Advisory Board of an organization deeply involved in a contentious political debate? And is her service on that Advisory Board blessed by “60 Minutes”? Or were Stahl’s superiors even aware of her service? In any case, if “60 Minutes” has any inclination to adhere to CBS’ ethical guidelines, Stahl must be forced to resign from the board.

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Liberals Wring Hands On “Grand Bargain” But They Helped Create It

The enduring mystery — thought perhaps it isn’t a mystery when you dig deep enough — is why liberals/progressives have never taken stock of their complete failure at taking advantage of the greatest crisis in the so-called “free market” in half a century. This comes to mind when you ponder the somewhat comical hand-wringing underway among the leaders of the progressive movement over the prospects of a “grand bargain” around government fiscal policy.

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Schumer Shows A Narrow Debate

It’s a sad state of affairs when the people have to rely on Senator “Wall Street” to stand in the doorway to block the barbarians from storming in to, once again, rob the national treasury. But, it does give us a window into how narrow the debate is over our economy — and why people are rightly pissed off.

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Fiscal Cliffs: Can We Drive The Rich Over One, Leave The People Safe?

People complain a lot about Congress not working hard enough. For my money, and the money and pocketbooks of millions of people, I’d be happy to give the entire lot of them say a year off. Then, maybe, we could enroll them in an advanced political “recovery” program and wean them off this idiotic obsession with the non-existent debt and deficit crisis.

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Growth Not Austerity, Tax Hikes: Why French Socialist Win Is Good for Everyone

     So, it’s not all bad news in the world. Some sanity prevails when real-life economics, not blather about the glories of the "free market", triumphs and one can hope for a bit of truthiness to spread.    First, the good news: President François Hollande’s Socialists and their allies won an absolute majority in runoff […]

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Billionaire Whining: Pete Peterson Writes, Says I Don’t Understand Him

   I love it when billionaires feel misunderstood. It sounds something like this: “I’ve fleeced you or just piled up gobs of money at your expense but, gee, that really wasn’t personal, I’m really a good guy with all the right motives, if you could just see it my way because, well, my way is […]

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Austerity, The New York Times-Style

    Really. When I read The New York Times editorials about the economy, or the truly shallow reporting from most of the paper’s reporters, often I think: the people at The New York Times actually are dolts. They don’t understand economics–at all. But, more often, it’s worth considering–they actually believe what they write, even if […]

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Lieberman Sends Me Into Silence

    I could blame Joe Lieberman for deciding to take a week off starting Monday but it would be unfair. I’m doing that for other reasons–my computer will be, intentionally, in a different place for that week.    But, reading this crap reminds me why it will be good riddance when Lieberman rides off into […]

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Rejoice, Oh, Austerity Mongers: It’s Already A New York Reality

   I’ve written a lot about the complete immoral insanity of the obsession over the phony debt and deficit "crisis"and the rush to impose austerity on the people when we really need much more public spending to employ the masses of people who are falling, falling, falling further behind. Well, truth is austerity is not […]

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Billionaires LOVE Austerity–King Bloomberg’s Pile of Nonsense

   Billions of dollars can buy you a lot–for example, a little toy called New York City that you pocket for yourself and, then, keep for yourself even when the rules say it’s time to go (hey, if you’ve got billions, you can buy off politicians to let you keep the toy for a little […]

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Capitulation II: Rep. DeFazio Writes Me, Clarifies Role in Stupendously Stupid Sixty

    Yesterday, I wrote about the monumentally crazy letter co-signed by 60 House DEMOCRATS, who, by adding their names to the letter, in my view, were embracing austerity, cuts in Medicare and a de-funding of basic government services. One of the signers of the letter, Rep. Peter DeFazio (D-OR), responded to my post. So, in […]

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Capitulation: 60 House DEMOCRATS Embrace Austerity, Sign-Off on Medicare Cuts, Defunding Government

   In today’s installment of stupidity, crass political calculations and the desperate need to be inducted into the Washington Post’s circle of Very Serious People, I present to you a list of 60 House Democrats who now say they are willing to lock arms with the people who seek to destroy Medicare, Medicaid, Social Security […]

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Rooting For Republicans To Stop The Rank Ignorance of Erskine Bowles

Somehow, I’ve been thinking a lot about Molly Ivins recently and how she would know exactly what to say about the absurdity of our political leaders who are just clueless. She once said, of former Republican House Majority leader Dick Armey, “If ignorance ever goes to $40 a barrel, I want drillin’ rights on that […]

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