I’ve often compared various administration’s fiscal records. The honest way to do so — the only honest way – is to consider budgets that a president requested from Congress and then signed into law. Budgets are passed during the prior year, so while Reagan entered office in 1981, his first budget was in 1982. Reagan’s fiscal record [...]
Just ten years ago this country was running huge surpluses and paying off its debt. But then we elected Obama and all hell broke loose. Oh, wait…
Between the time ten years ago when we had big surpluses and were paying off the debt and now when we are told the [...]
When you sell the farm, the farm’s gone.
Is it already too late for America? I’m starting to think that the anti-tax, anti-government conservative movement that started in the mid-70s, elected Reagan and led [...]
Krugman has a good column today looking at the insanity inherent in the GOP’s new and extreme adherence to ideological purity-tests. In the middle of it, however, the following passage jumped out at me:
Supply-side voodoo — which claims that tax cuts pay for themselves and/or that any rise in taxes would lead to [...]
A “report” from Republican staff of the Joint Economic Committee says that the path to job creation is cutting … the very things that create jobs. This is like saying that cutting taxes increases revenue. We know how that worked out, and the job-consequences of budget cuts are going to be just as [...]
"The world is a rigged game"
Matt Taibbi at Rolling Stone: “Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.”
On winning and values
So, right-wingers, you want a society where families are stable, where everybody looks like you and shares your Christian faith, and where the government pretty much stays out of your business? It’s not in some Randian fantasy, it’s right here in the USA.
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