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The Debt Ceiling Battle From 30000 Feet

Originally published at Capital Gains and Games. The U.S. Treasury said the existing federal debt ceiling was reached Monday. That means that the nation is about to enter the two-and-a-half-month period during which Treasury says it will have to resort to various...

For Our Top 400 Taxpayers a Near-Record Year

America's super rich, new IRS income data show, partied on right through the depth of the Great Recession. And they shared precious little of their good fortune with Uncle Sam. In 2008, the IRS revealed last week, 400 Americans reported at least $110 million in income...

Budget Talks Who Speaks For The American People

When we hear about the deficits we hear a lot of scare stories, which most "serious" media just echo and amplify. The prevailing "serious" narrative we hear is that we must cut entitlements -- any “serious” budget proposal cuts Medicare and Social Security. Even...

Wall Street Guilty As Charged

In a piece called "Wall Street: Not Guilty," financial columnist Roger Lowenstein attempts to defend Wall Street against allegations that it's a viper's nest of rampant criminality. His mischaracterization, mockery, and vague suggestions of McCarthyism are strident,...

Has ObamaCare Begun The Undoing Of The Republican Party

The President's health reform law has mostly been considered a political liability for him and his party, especially since it failed to keep Congress in control of the Democrats. But the events of the past few days suggests Republicans are experiencing an internal...

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