Posted on 04 November 2011. Tags: Capitulation, Debt, Deficit, Democrats, Medicaid, medicare, Nonsense, Super Committee
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 […]
Read the full story
Posted in General Interest
Posted on 03 November 2011. Tags: Alan Simpson, Alice Rivlin, Debt, Deficit, Erskine Bowles, Molly Ivins, Moody's, Nonsense, Pete Domenici, Republicans, Super Committee, Taxes
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 […]
Read the full story
Posted in General Interest
Posted on 22 October 2011. Tags: Debt, Deficit, Nonsense, Super Committee
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 […]
Read the full story
Posted in General Interest
Posted on 06 October 2011. Tags: Austerity, Catfood Commission, Debt, Deficit, Depression, Europe, Fiscal Stimulus, General Strike, Greece, Jobs, United Kingdom, Working Life
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 […]
Read the full story
Posted in General Interest
Posted on 04 October 2011. Tags: Austerity, Catfood Commission, Debt, Deficit, Democrats, Depression, Europe, Financial Times, Fiscal Stimulus, Jobs, Martin Wolf, Republicans, The Economist, United Kingdom, United States, Working Life
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 […]
Read the full story
Posted in General Interest
Posted on 19 September 2011. Tags: "Free Trade", Afghanistan, Catfood Commission, Colombia, Consumer Financial Protection Bureau, Debt, Deficit, Elizabeth Warren, Masschusetts, Middle Class, Panama, Poor, Primaries, Retraining, Scott Brown, Senate, South Korea, Taxes, Wages
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 […]
Read the full story
Posted in General Interest
Posted on 04 August 2011. Tags: Consumer Spending, Corporate Welfare, Debt, Deficit, Economic Growth, Job Party, Jobs, Unemployment
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 […]
Read the full story
Posted in General Interest
Posted on 29 July 2011. Tags: 2012 Elections, Chamber of Commerce, Class Warfare, Corporate Welfare, Debt, Deficit, Dodd-Frank, Goldman Sachs, Jobs, Wall Street
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 […]
Read the full story
Posted in General Interest
Posted on 28 July 2011. Tags: Barack Obama, Class Warfare, Corporate Welfare, Debt, Defense, Deficit, Republicans, Taxes, The New York Times, War
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 […]
Read the full story
Posted in General Interest
Posted on 26 July 2011. Tags: 2012 Elections, Barack Obama, Class Warfare, Corporate Welfare, Debt, Deficit, Republicans, Taxes, War
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 […]
Read the full story
Posted in General Interest