David Frum published an interesting letter from one of his readers the other day on the Reinhardt-Rogoff brouhaha. It provides a fascinating rundown of all the cracked economics that have […]
The Republicans are balking at having a conference to iron out differences between the Senate and House budgets. This is hypocritical since they've been braying about the Democratic senate failing to produce a budget for years.
Some details are emerging about the so-called “softening” of the Chained-CPI for the most vulnerable. Here’s one analysis of what we know so far from Shawn Fremsted at CEPR:
Mark this day.
Jonathan Chait flagged this quote from Eric Cantor today and came up with an interesting theory as to why he said it: Mr. Cantor complained that the president, while insisting […]
“We must embrace the need for modest reforms—otherwise our retirement programs will crowd out the investments we need for our children.” President Obama, State of the union address, 2013 Is that […]
This is how they achieve their long term goals — under the radar, changing the way the numbers are calculated to prove an ideological point and change our understanding of […]
It would seem so: Speaking to Megyn Kelly about the Supreme Court’s hearing on Proposition 8, O’Reilly–who has previously compared gay marriage to bestiality–appeared to have “evolved” on the subject. […]
David Ignatius wrote his Iraq mea culpa today and it's a good one.
Jared Bernstein has posted some very important information that one can only hope both the White House and the Democrats are aware of and prepared to change direction because of.
Did you also know that none of that, by law, can go to fund Social Security's projected "shortfall?" And that if they do change that law, it will forever put an end to the dedicated revenue stream that keeps SS out of the general budget? I'm afraid so.
Just FYI, White House National Economic Council director Gene Sperling said today on his Reddit chat that the president really prefers the Chained CPI and that it’s not just an […]
Ultimately, a whole lot of this comes down to money: as the old saying goes, "it is very difficult to make a man understand something when his livelihood depends on not understanding it."
Yes, Mr Prudent himself, the man who "worries" for your grand kids, has been looting his shareholders for decades.
Washington Examiner columnist Byron York is worried that the Republicans aren’t as serious about allowing the sequester to happen as he’d like them to be: In a Wall Street Journal […]
Dave Weigel has the definitive post today on the Hagel nomination cock-up. He points out that Hagel himself is the only real loser here: He botched up his confirmation hearing, […]
You know, I've been saying for a few years now that this is exactly what the right wing wants people to believe and have taken Democrats to task for helping them by making the idiotic argument about government being like a household and having to pull in its belt.
Bill Moyers asked a bunch of smart people what they would like to see the President say in the State of the Union address this year. Their answers are all […]
Poor Krugman. He must be tired of trying to make people understand that austerity is the wrong prescription for the economy. But he soldiers on. Thank God. This week he […]
This is why I so love Pete Peterson and Alan Simpson for launching their generational war.
I just have the feeling old Chuck Hagel didn't exactly prepare himself for a thoroughly predictable grilling.
John Nichols compiles a list of quotes from some of the "Randiest" members of congress (and I'm talking about people who have the hots for a dead Russian romance novelist.) But then he features one who makes even the Rand lovin' Paul Ryan look like a casual reader.
Josh Holland has a nice succinct rundown on the possible roadblocks to the immigration reform effort.
I hope everyone understands that when Paul Ryan said they were going to leave "entitlements" alone and the sequester would take place that it was a form of political trash talk before the negotiation, right? Nobody really believes that either side will allow defense cuts of that magnitude to take pl...
Chris Bowers caught the Very Serious Man of Integrity Paul Ryan in a slick little sleight of hand.
Better than nothing, but still not much.
When it comes to beating back extremists, I'm all in favor of living to fight another day, so the idea of kicking the can down the road on some horrible debt deal never seems like the worst thing that could happen.
I’ve never understood why so many people think the Social Security actuaries have always been innumerate morons, but perhaps that’s just a result of the decades of propaganda about government […]
Glenn Thrush has an interesting analysis of President Obama’s strategy on gun control and it’s one with which I agree. This truly does seem to be a different approach than […]
Krugman says that he gets phone calls: The White House insists that it is absolutely, positively not going to cave or indeed even negotiate over the debt ceiling — that […]
It remains one of the strangest and saddest aspects of our current economic debates that nobody seems to care all that much about our still painfully high unemployment.
Who knows if this is serious? But McConnell could very well end up with a Tea Party challenger.
I hope Greg Sargent is right about this. It sure sounds like Boehner and McConnell are hedging to me. If they are,then that means any more "offers" from the Democrats to make a "big deal" are offers the Democrats want to make, not ones they have to make.
It turns out, hacking away at government's budget cuts off growth.
When I read David’s post about the intransigence of the Confederate rump of the Republican Party, I thought of this tweet from the other night: Buzzy: @reptomprice told WMAL this […]
Greg Sargent is reporting tha the White House says they will make sure that the Chained CPI sell-out won't hurt the most vulnerable seniors. I don't know if they are basing this on the Simpson-Bowles formula, but if they are, it's bullshit.
If you are looking for thoughtful, informative dialog on the gun issue, take the time to look at Chris Hayes’ show on both days this week-end, if you happened to […]
One of the more positive consequences of this ridiculous fiscal cliff fight seems to be a growing awareness that the beltway is out of touch with the concerns of ordinary Americans.
Politico shares its insights on what the right “deal” should look like: …tax reform that goes way beyond individuals and rates; much deeper Social Security and Medicare changes than currently […]
Here's the thing, once again: all of this is unnecessary.