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 [...]
“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 [...]
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 [...]
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 [...]
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 [...]
"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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