On Saturday, the group known as America Speaks (funded by Wall Street mogul Peter G. Peterson and two other foundations) brought together several thousand people in meetings in 60 cities. They gave participants misleading background information about the Federal deficit and economic options to achieve fiscal "balance" and future prosperity. more »
The deficit problem can be summed up very simply: the public thinks Obama's policies created a huge deficit. Never mind that it was Bush's deficit -- the public doesn't know that. This misunderstanding is leading Washington to take steps that will throw the economy into depression. more »
The headline of my local paper today is Obama: Act on clean energy. (But a different headline online - do they do that just to mess up bloggers?) more »
Today the country is looking for ways to cut spending and borrowing. Yet military spending, the biggest spending item in the budget, is barely part of the discussion -- obviously because of the amount of campaign and lobbying dollars it generates. more »
No serious person denies that Reagan's 1981 tax cuts and military increases threw the country into a pattern of borrowing and borrowing that we have not escaped. When Reagan took office the national debt was $995 billion. When Reagan left office it was $2.87 trillion and climbing fast. more »
Washington politicians are convinced that the public is demanding cuts in spending, even over creating jobs and restoring the economy. This pressure comes because much of the public believes that "Obama tripled the deficit." This has been the right's drumbeat for over a year and the public has not heard any response. more »
“Watch what we do, not what we say.” (Famous Republican advice.)
The Reagan Revolution was first and foremost about cutting the taxes paid by the rich and corporations. Now, almost 30 years later, the United States of America is drowning in debt. And that is exactly what they wanted to happen. more »
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