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The Debt Ceiling Debacle

Things fall apart; the centre cannot hold; .... The best lack all conviction, while the worst Are full of passionate intensity. -William Butler Yeats, The Second Coming "It is clear we must enter an era of austerity; to reduce the deficit through shared sacrifice,"...

The Gang of Sixs Raw Deal

The backroom Senate gang of five or six (its membership changing over time) released a plan yesterday that swept through the Washington. It got the support and the opposition of all the right people (the President carefully called it “broadly consistent with the...

The Test For Republicans Confirm Cordray

Today President Barack Obama nominated Robert Cordray to head the Consumer Financial Protection Bureau. Robert Cordray has proven to be an effective defender of consumer rights. And Elizabeth Warren he is not, to the relief of congressional Republicans, the banking...

Ignorance Index V The Spending Problem

Conservatives argue that America has a spending problem, not a revenue problem.   We earlier dispelled the myth that Americans – particularly wealthy Americans – pay too much in taxes.  Now let’s look at the spending question. Part 5 in a series of...

Ignorance Index IV Job-Killing DE-regulation

House Speaker John Boehner and his Tea Party comrades regularly assail “job-killing regulations that are strangling employers all over the country.” Lurid, graphic, and no doubt focus group and message dial tested, these very words – job-killing regulations strangling...

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