This is a fascinating account of how the Grand Bargain came to be the tired conventional wisdom among the Village wonk crowd. (I'm characterizing it that way, not the author, the esteemed Larry Mishel. ) It's required reading for anyone who has been following this story for the past few years.
It's still a fact that the Democratic Party strategists are afraid to embrace populist issues, believing their future coalition lies with "identity politics".
When I read this piece in the Daily Caller yesterday, I have to admit I thought "oh hell.
The New York Times has published an article about what some of the groups the IRS subjected to scrutiny actually did. And it is very informative. It would appear that many of these people were lying about their activities or "understood" their political activities to not be political. Seriously.
According to Pew report released today, almost a quarter of people in the United States an did not have enough money to feed their families. The good news is that the stock market is roaring and the top 1% have been doing really well.
On top of the troubles the administration is facing over Benghazi, the IRS, and the Justice Department's seizure of AP phone records, Republicans hope to target Health and Human Services Secretary Kathleen Sebelius.
This report by the Kaiser Family Foundation about elder poverty is shocking.
David does a nice job unpacking the dreadful Politico gossip item in his post below. But as a long time Village observer from afar, I thought I might add a little more context.
I had the privilege of hearing Dean Baker and Mark Weisbrot speak about austerity the other night and it was as fascinating as you might imagine.
President Obama’s nomination of Hyatt heiress Penny Pritzker to be Commerce secretary gives me the perfect excuse to write about a fascinating conversation I had recently with Cathy Youngblood, a […]
… because if he were we could dismiss him as a typical stupid hippie to whom nobody should ever pay attention (particularly when sharp analysts like Newt Gingrich and George […]
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 […]