Tag Archive | "Debt"

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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Glorious Deadlock Continues

    This is great news: Senate and House leaders are becoming more directly involved with the supercommittee responsible for delivering a sizable deficit-reduction plan by Thanksgiving, amid growing concern the panel’s members could be deadlocked. Senate Majority Leader Harry Reid (D., Nev.) has been meeting more frequently with Democratic members of the 12-member supercommittee, an […]

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