Saturday, July 30, 2011
Echoing his former colleague Sen. John McCain (R-AZ), former Sen. George Voinovich (R-OH) teed off on House Republicans’ brinkmanship on the debt ceiling, saying intransigent GOP congressmen are willing to risk destroying the county’s economy to get what they want. Voinovich told Rolling Stone’s Tim Dickinson.
Though they deny it, the GOP’s policies have driven the nation into the ground, says Paul Begala.

Wednesday, July 27, 2011

The House GOP's debt ceiling hara-kiri
A bill that can't pass the Senate swerves further to the right. Is there a strategy here, or just self-immolation?
by Andrew Leonard

Debt Madness Was Always About Killing Social Security
By Robert Scheer —
Republican hypocrites are out to settle ideological scores that have nothing to do with the debt they themselves ran up.

The awesome hypocrisy of GOP mutiny
Conservatives rebel against the Boehner plan, while citing figures from a government agency they usually ignore
by Andrew Leonard

Don't blame Obama for the debt crisis
The Republican machine is busy faulting the president in ads and ope-eds, but the facts tell a different story

Wednesday, July 20, 2011

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Horrible Bosses
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The new party of Reagan
Tea Party Republicans call a vote to raise the debt ceiling a threat to their very existence; Reagan presided over 18 increases in the debt ceiling during his presidency.
by Dana Milbank
Citizen Murdoch—No Longer Untouchable
by Katrina vanden Heuvel
Rupert Murdoch’s News Corp. has taken out full-page ads in Britain reading, “We are sorry.” “Sorry” is as good an adjective as any to describe the Murdoch media empire.

GOP Candidate Cain Gets Away With Bigotry
It is time to stop giving Herman Cain’s unapologetic bigotry a free pass. The man and his poison need to be seen clearly and taken seriously.
by Eugene Robinson

Sunday, July 17, 2011

Paul Krugman -The Wrong Perversity

Ryan Avent is upset, rightly, at the way that Obama keeps invoking the confidence fairy, in effect buying in to the doctrine of expansionary austerity — even as a growing body of research grinds what little plausibility the doctrine had into dust.

Yet perverse things do happen; it’s just that we’re focusing on the wrong perversity.

As Brad DeLong argues, there’s a very good case to be made that we’re currently living under conditions in which fiscal contraction actually worsens the long-run deficit. Why? The argument runs like this:

1. Fiscal contraction reduces output in the short run; this immediately means that part of the initial gain in terms of a lower deficit is offset by reduced revenue and higher safety-net spending. These effects are especially large when you’re in a liquidity trap, so monetary policy can’t fight the fiscal contraction.

2. Reductions in short-run output and employment take a toll on long-run growth, too: capital investment is depressed, workers lose their skills, and so on. This in turn reduces future revenues.

3. Meanwhile, with real interest rates very low — actually negative on 5-year bonds — the cost of borrowing now in terms of future debt burden is also very low.

So there is no plausible argument on behalf of the claim that fiscal contraction expands output; there is, on the other hand, a very plausible argument to the effect that fiscal contraction doesn’t even help the fiscal situation.

So guess which perversity is considered a suitable position for Serious People, and which isn’t?

Thursday, July 14, 2011

Debt Political Theater Diverts Attention While Americans' Wealth Is Stolen
by Rep. Dennis Kucinich
U.S. Representative from Ohio's 10th District
The rancorous debate over the debt belies a fundamental truth of our economy -- that it is run for the few at the expense of the many.

Wednesday, July 13, 2011

Tuesday, July 12, 2011

Monday, July 11, 2011


Murdoch Empire in More Hot WaterThe media mogul printed the final edition of 'News of the World' Sunday, but shocking revelations continue to emerge.

Monday, July 04, 2011

What Our Declaration Really Said
By E.J. Dionne, Jr. —
Our nation confronts a challenge this Fourth of July that we face but rarely: We are at odds over the meaning of our history and why, to quote our Declaration of Independence, “governments are instituted.”

$4 Trillion for War—and Counting
By Joe Conason —
Anyone paying attention to the costs of U.S. military action in Iraq and Afghanistan must have known that the president badly underestimated those numbers on June 22, when he told the nation that we have spent “a trillion dollars.”

Shining the Spotlight on the Corporate Pay Gap
By David Sirota —
As the deficit has exploded, incriminating facts have leaked out showing that many corporations pay more to their executives than they pay in taxes (and many firms pay no corporate income tax at all).

Saturday, July 02, 2011

Defending the Supremely Powerful
By E.J. Dionne, Jr. —
The United States Supreme Court now sees its central task as comforting the already comfortable and afflicting those already afflicted.

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