Posted on 02 December 2010. Tags: Alan Simpson, Catfood Commission, Debt, Deficit Commission, Deficits, Erskine Bowles, Financial Crisis, Hysteria, Nonsense, Peter Peterson, Social Security, Tax Cuts
In the last two days, I’ve written about the phony deficit/debt "crisis" here and here, using excerpts from my new e-book, "It’s Not Raining, We’re Getting Peed On: The Scam of the Deficit Crisis". Today, as the Catfood Commission unveiled its final report, I’ll continue by looking at some of the people behind pushing […]
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Posted on 01 December 2010. Tags: Alan Simpson, Catfood Commission, Debt, Deficit Commission, Deficits, Erskine Bowles, Financial Crisis, Hysteria, Nonsense, public employees, Social Security, Tax Cuts
Yesterday, I kicked off a series of posts about the phony deficit/debt "crisis" with an excerpt from the introduction to my new book, "It’s Not Raining, We’re Getting Peed On: The Scam of the Deficit Crisis". Today, I’ll continue with a part from the first chapter called, "Stupid Statements". In honor of the mind-boggling […]
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Posted on 30 November 2010. Tags: Alan Simpson, Catfood Commission, Debt, Deficit Commission, Deficits, Erskine Bowles, Hysteria, Nonsense, Social Security, Tax Cuts
The government’s deficit and debt are not a big crisis. It’s not even a little crisis. It’s not a crisis at all. What is most disturbing is how many liberals/progressives have thrown in the towel and are basically taking the line "there is a crisis but we have a better way of dealing with it". […]
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Posted on 20 November 2010. Tags: Celinda Lake, Polls, Social Security
Pollster extraordinare Celinda Lake has these results: Opposition to cutting Social Security benefits in order to reduce the deficit • Overall: 82% oppose cuts, 15% support cuts • By Party: Democrats (83% to 15%), Independents (78% to 17%), Republicans (82% to 15%), Tea Party Supporters (74% to 13%) Opposition to cutting Social Security to […]
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Posted on 19 November 2010. Tags: Alan Simpson, Debt, Deficit Commission, Deficits, Erskine Bowles, Hysteria, Nonsense, Social Security, Tax Cuts
Frankly, this is good news: WASHINGTON—The bipartisan commission examining how to cut the federal debt ended three days of closed-door meetings Thursday without a firm agreement among its 18 members, with several saying the panel was still at odds over how to contain the ballooning costs of health care. The Commission should just […]
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Posted on 11 November 2010. Tags: Alan Simpson, Center for Economic and Policy Research, Dean Baker, Debt, Deficits, Erskine Bowles, Hysteria, Nonsense, Social Security, Tax Cuts
I am so tired of listening to the transcribers of press conferences (people we used to call "journalists") speaking about the debt or deficit "crisis". They just regurgitate crazy, phony stuff–and the height of all this came yesterday with the release of the proposals by the co-chairmen of the Commission appointed by the president. […]
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Posted on 12 October 2010. Tags: Banks, Goldman Sachs, Greed, Pete Peterson, Robbery, Social Security, Wall Street
I mean, c’mon–is there no shame? Yes, that’s rhetorical. We have the greatest jobs crisis in decades, with close to one in five Americans not able to find decent, full-time paying work. The minimum wage is a poverty-level wage. But, all is well on Wall Street–as in $144 BILLION in pay. This just up […]
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Posted on 06 August 2010. Tags: Banks, Bill Gates, Debt, Deficits, Greed, Pete Peterson, Robbery, Social Security, Wall Street, Warren Buffet
Count me in the group, perhaps small, that is unimpressed with the pledge by a group of billionaires to give away large parts of their fortune. Not because I oppose the idea of philanthropy. Rather, the announcement obscures a reality: very little of the money will go to challenging the root causes of the incredible […]
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Posted on 13 May 2009. Tags: CEPR, Chicken Little, Social Security
It’s just about that time–the new scare about Social Security. And so The New York Times rolls out its scary story: Even as Congress hunted for ways to finance a major expansion of health insurance coverage, the Obama administration reported Tuesday that the financial condition of the two largest federal benefit programs, Medicare and […]
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Posted on 09 January 2009. Tags: Barack Obama, Class Warfare, Health Care, Social Security, Taxes, The Rich
Maybe you feel, on days like this, the same way I do–that you live in an alternate universe. In my alternate universe, I wouldn’t consider cutting education, health care, or aid to the poor before asking the richest people in our society to pay their fair share in dues. In my alternate universe, I would […]
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