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.
Today is a progressive "day of action" on the fiscal cliff negotiations with a bunch of organizations holding events around the country.
HuffPost Hill with a little reminder: During a press conference demanding unemployment insurance be part of a fiscal cliff deal, Chuck Schumer noted that last December, 5 million Americans relied […]
Nobody who reads this blog will be the least bit surprised by this turn of events: A growing chorus of Republicans is urging House leaders to abandon their staunch opposition […]
In case you were wondering who are the biggest jackasses in the Senate, here’s a handy list: Alexander (R-TN) Blunt (R-MO) Boozman (R-AR) Burr (R-NC) Chambliss (R-GA) Coats (R-IN) Coburn […]
Not that anyone cares, but it seems that a vast majority of the American public think raising the Medicare eligibility age is stupid.
Here’s a CNBC celebrity having a fit when Raul Grijalva suggests that Medicare shouldn’t be cut: She seemed to be having a very hard time controlling herself. Meanwhile, let’s have […]
Just this: You’ve heard the story many times: Supposedly, any day now investors will lose faith in America’s ability to come to grips with its budget failures. When they do, […]
Here’s a little something for the “some things never change” files: Here’s a radio speech 11/5/34 from Chairman Henry P. Fletcher, Republican National Committee: “We face unusual obstacles. Our party […]
You know that deficit that’s killing us? The one we’re going to fix by “asking the rich to pay a little bit more” and cutting benefits for everyone else? What […]