Tag Archive | "Deficit"

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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BREAKING Greeks General Strike Against Austerity. We Need The Same

   Greeks have taken a big part of the brunt in Europe because of the preying on its country by banks and international institutions. Essentially, the failed strategy has been all about AUSTERITY: shrink the economy even more in return for not…plunging the economy even deeper.    The people in Greece have had enough–and they’ve […]

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Capitalist Voices Say: Print Money–Or Be Afraid…VERY AFRAID

   You can smell the fear and the alarms going off–not by reading The Nation (snore…kick me when it has something new to say) or The New York Times, whose "economic" reporters, with one or two exceptions, are astonishingly dumb. For some real insights, look to the Financial Times and The Economist. And the message […]

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Elizabeth Warren, 10 Questions For Your Consideration

    Dear Ms. Warren: congratulations for jumping into the U.S. Senate race in your state. And good luck and be well–you will find that being a "candidate" offers challenges quite different from having to answer to discourteous, uninformed Republicans. Respectfully, I’d like to ask your position on a number of issues.    Quick context. There […]

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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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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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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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