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Sequestering the Friendly Skies

Here's one for the "We Told You So, Republicans" file. As it turns out, when you cut government spending arbitrarily and across-the-board it can affect things that your care about and rely on.

It's Hard Out Here For An Austerity Pimp

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 dominated the debate for the past few years: The Reinhart- Rogoff paper that has...

Progressive Breakfast

Sequester In The Air Air travelers suffer major delays as sequester furloughs kick in. The Hill: "Airlines and organizations representing pilots put the blame for the delays squarely on the furloughs, while Republicans said the Federal Aviation Administration was...

Deficit Falling Even More Dramatically, Few Know It

Austerity is beginning to hit and the economy is slowing as a result. The most immediate effect is that flights are delayed, but unemployment checks are smaller and there are fewer things We the People do to make our lives and economy better -- also called "government...

Austerity's Curveballs

Since the austerity crowd won’t own up to a mistake, I will:  I engaged in a kind of thought experiment last week, after we first learned that austerity economics is partly based on a spreadsheet error. I wondered, What if you were a government leader who sincerely...

Deficits Are Bad and the Sun Goes Around the Earth

Most of us accept that the earth goes around the sun. This is impressive since we can look up in the sky and see the sun going around the earth. We believe the opposite because we have been told about the research of astronomers over the centuries showing that what we...

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