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Trade Deficit Blows Up

There was (yet more) bad economic news this morning. Reuters: US trade deficit grows to 31-month high. While oil takes part of the blame, the problem is not all oil: Oil imports helped widen the U.S. trade deficit to $50.2 billion in May from $43.6 billion in April,...

Saving Some Good Fights For Later

Ezra Klein tells us what was in the Really Grand Big Deal and it's enough to make you feel as if somebody slipped some LSD in your coffee: I knew the White House wanted a compromise on the debt ceiling. I just didn't expect them to do quite so much, well,...

Third Way is No Way for Social Security

CO-AUTHORED BY NANCY J. ALTMAN and ERIC KINGSON, co-chairs of the Strengthen Social Security Campaign (www.strengthensocialsecurity.org) In a recent Politico column, Jon Cowan and Jim Kessler, respectively the president and senior vice-president of The Third Way,...

Why Conservatives Cant Afford Government Default

As the deadline nears for national default if Congress does not raise the debt ceiling, the two parties appear deadlocked over ending tax breaks for the wealthiest Americans, which Republicans oppose, and deep cuts to Social Security and Medicare, which Democrats...

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