Currently viewing the tag: "debt"

Media Malpractice: CBS Pins Bush Debt on Obama

By Joshua Holland On August 23, 2011  

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 [...]

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Austeridiocy: Budget Cuts Take Money Out Of The Economy

By Dave Johnson On August 12, 2011  

“The patient is sicker so we have to apply more leeches.” Countries that are trying to fix deficits with spending cuts are finding out that taking money out of their economies by cutting government is slowing their economies. Duh! Imagine that! So instead of cutting deficits the resulting slowdowns are making their deficits worse as [...]

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Ten Years Ago We Were Paying Off The Nation’s Debt. But Then We Elected Obama.

By Dave Johnson On August 9, 2011  

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…

Something Happened

Between the time ten years ago when we had big surpluses and were paying off the debt and now when we are told the [...]

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Golden Oldie: Did Bush Leave Us Bankrupt, Corrupt, Ungovernable?

By Dave Johnson On July 30, 2011  

Feb. 2010: Did Bush Leave Us Bankrupt, Corrupt, Ungovernable?

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 [...]

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Budget Talks: Who Speaks For The American People?

By Dave Johnson On May 12, 2011  

When we hear about the deficits we hear a lot of scare stories, which most “serious” media just echo and amplify. The prevailing “serious” narrative we hear is that we must cut entitlements — any “serious” budget proposal cuts Medicare and Social Security. Even though they just extended tax cuts for the rich the deficits [...]

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Republicans Next Attack on the Middle Class: Pay Wall Street First If Debt Ceiling Not Raised

By Paul On March 3, 2011  

Screwing the middle class has become a Republican badge of honor. Republicans are tripping over themselves trying to find more creative ways to do it. The low-hanging fruit of suppressing their wages, shipping their jobs overseas, destroying their net worth, cheerleading them into crippling debt, and busting their private sector unions is done. The attack [...]

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