Tag Archive | "Debt"

Dumb Ass Commission II

   There are days when I would just rather be a sports reporter. Today is one of those days. Sports news repeats itself–but every day there is a new twist. Scores may be the same–but how a baseball game ended up 3-2 will always have a different make-up.     Not politics, though–or at least the […]

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S&P Is Just A Tiny Cog in The Corrupt System

    I am perplexed by the storm of criticism leveled at Standard & Poor’s. Don’t get me wrong–that S&P, or any of the ratings agencies, is even taken seriously is a monumental farce, given their role in the financial crisis.   But, we’re missing the point:   It is a mistake to solely blame the […]

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The $1.3 Trillion Black Hole–And The Job Party’s Call To Close It

   To return to my theme of "numbers are a bitch"…here is one to chew on: $1.3 trillion. It’s a gap–a BIG gap…and in that number is part of the story of the crisis we’re in.   At this point, after checking in with my colleague and friend Dean Baker, the Gross Domestic Product is […]

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A Trillion Dollar Tax Robbery Looms: Numbers Shenanigans or Ignorance?

    Sometimes numbers are a bitch. Because they expose ugly truths that we either choose to ignore or don’t understand. We better get this one straight in the next few months or the bi-partisan cuts just shoved down the throats of the American people will pale in comparison to what will come post 2012.    […]

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Wall Street Just Doesn’t Give Up–While 25 MILLION Have No Work

   I find myself laughing at this–part in disgust and part in admiration for a group of people who have no shame and just do not care what happens to regular people in the country. On the one hand, we have a monumental jobs catastrophe underway. And, on the other hand, you have the people […]

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Friedman Foolery

   My friends say, correctly, that I should not waste my time reading Tom Friedman. Yes, true. But, I dipped into his moronic column yesterday mainly because it’s in the same non-reality based theme that is a plague everywhere–we need "shared sacrifice" to make the cuts "needed". Spare me.     Dumb stuff: Yes, we have […]

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The Times’ “Balanced Approach” Will Cost Lives

   Here is part of our predicament. The Tea Party-Republican wing of the political space is filled with lunatics–they want to turn the country back to the 1920s. Too many Democrats have forgotten what it once meant to be a "Democrat". But, the plague of disinformation and stupidity that will cost people their lives is […]

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The Robbing of America: War, Corp Welfare, Bush Tax Cuts

  Just to return some reality to the discussion–and reassert facts made a number of times by a variety of people…though I argue that there is no debt or deficit "crisis", if you want to figure out where the money is, it’s all about war, corporate welfare and the Bush tax cuts. This needs to […]

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Three Grand Myths

Last week, I posted a piece, suggesting that the current crisis was really about us and the lack of a movement, not about Obama. A number of people reacted, in emails to me, particularly about the Three Grand Myths–and, over the weekend, I heard yet more nonsense on the Three Grand Myths theme. So, I […]

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Obama Is Not The Issue. This Is About US

    The anger against the president that has been rocketing around many circles of liberal/progressive politics is misplaced.     The crisis we face isn’t about what the president is doing, or failing to do.     We are under siege, fighting the greatest class warfare in perhaps 100 years. And we can expect very […]

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