Millions of Americans are struggling to survive in the ruins of a once-healthy economy. A bipartisan frenzy of bank deregulation led to this catastrophe, and the financial reform bill passed […]
In today’s New York Times, One Liberal Voice Dares to Say, Cut the Budget, by Matt Bai. Bai’s piece frames the federal debt as almost entirely the fault of Social […]
Alan Simpson said he’s sorry, but it’s not enough. The calls for his resignation will continue – and not because of “political correctness” or his use of the word “tit,” […]
A number of cities around the country are turning off their street lights, unpaving their roads and rolling back what used to be sacrosanct public services because they can no […]
Some will rob you with a six gun and some with a fountain pen – Woodie Guthrie Like mushrooms popping up in a damp basement, a slew of court settlements […]
Former Wyoming Republican Senator Alan Simpson is co-chair of President Obama’s Fiscal Commission. This is what he said the other day about the relationship between the American people and our […]
Ryan Grim reports that Alan Simpson has apologized to Ashley B. Carson of the Older Women’s League for sending her an insulting email. Unfortunately, it’s not enough.
The Recovery Act, often known as the stimulus, was the first major act of active government in at least decade. After the unmitigated failure of conservatism, the stimulus has likely […]
Glenn Beck made it official on Fox News last week: He’s seeking the office of 21st Century Marie Antoinette. The queen of France, beheaded during the revolution, attained infamy for […]
House Minority Leader John Boehner (R-OH) gave a speech yesterday describing his party’s positions on jobs & the economy going into the fall election. Summary: Our economic policies destroyed the […]
Alan Simpson is the co-chair of President Obama’s Deficit Commission, which is charged with creating a bipartisan consensus for balancing the budget. Lately Simpson’s foulmouthed tirades have drawn at least […]
The President has appointed a commission to study ways to reduce the deficit, but the only thing anyone is hearing from this commission (they meet in secret) is that they […]
Rep. John Boehner, the perpetually tanned House Minority leader, unveiled his plan to get the economy going today in a speech before the Cleveland City Club. Hold on to your […]
House Minority Leader John Boehner pulled a sly move today, calling for the resignation of Treasury Secretary Tim Geithner and top presidential economic adviser Larry Summers. It gave the media […]
The bloggers who attended briefings from a “senior Treasury Department official” last week have interpreted the concept of “deep background” in several different ways. I attended one of the briefings […]
Senate Minority Leader Mitch McConnell is repeating lies about the Bush tax cuts for multi-millionaires. Good journalists should stop him. After McConnell defensively dodged questions from Meet The Press host […]
The things that people “know” are very different from the “reality-based” things those of us reading a blog like this know, and those things seem to always, always serve the […]
The takeaway from the latest top gun flame-out at Hewlett-Packard: Chief executive ‘success,’ in America today, essentially demands no more than greed and a developmentally arrested ego. The tall tales […]
Do today’s economic conservatives actually want to live in a functional society, or are they striving for an economy that runs on Monopoly Money? NPR’s Planet Money recently did a […]
Progressive bloggers were ready to have a “stroke” after Mike Allen from Politico reported that the Administration wants to take action on Social Security – action that’s likely to include […]
Yesterday, I flagged the 12 Democratic Senators who, in addition to all 41 Republican Senators, have prevented Congress from using Econ 101 deficit spending to create jobs and spark a […]
As we try to digest another bitter morsel of economic news — higher numbers of unemployment insurance applications suggesting a return to job cutting — the White House appears handcuffed […]
I’d started thinking that I was too hard on our power company last week, when I agreed with Gov. O’Malley that their service was less reliable than power in some […]
The Republican Party’s attempt to privatize Social Security under George W. Bush was wildly unpopular. At least one Republican Congressional candidate is openly calling for Social Security cuts, and Rep. […]
To be more specific, what’s Rand Paul smoking these days? His musings that America was a better, freer place when African Americans had no civil rights protection, and no one […]
Finally, some good news on Wall Street accountability. A federal judge is holding up the SEC’s effort to let Citigroup’s top executives off the hook for misleading their own shareholders […]
Last week, I wrote this: The fundamental differences between the left and the right — between conservatives and progressives — comes down to how we answer three simple questions: "Can […]
As you encounter congressional candidates who are out vote-hunting this week, as them a simple question: Will you pledge to oppose any cuts to Social Security benefits, including increasing the […]
Billionaire Steve Schwarzman compares Obama’s call for taxing private equity income as income, just like everyone else, a “war, like when Hitler invaded Poland in 1939.
It sounds like the plot to a dozen movies: Picture a corporation so powerful that its tentacles circle the globe and reach into the highest corridors of power. Yet a […]
Go on gal, don't take me for no fool. I ain't gonna quit you, pretty mama, while the weather's cool. Around your back door, honey, I'm gonna creep. Just as long as you bring me two-and-a-half a week. I stood my corner, hey hey!
If you were among the wealthiest 1-2% of Americans, it was the best of times. For the rest of us, it was "The Uh-Ohs," a decade of conservative failure and its aftermath.
China has a national economic/industrial policy and we don’t. They create the conditions for key industries to thrive and we don’t. They make sure all of the infrastructure, finance, supply […]
Tomorrow is the 75th birthday of Social Security. It is the most successful government program, demonstrating that government of the people, by the people and for the people works. For […]
On Wednesday, Rep. Paul Ryan (R-Wis.) received his second puff profile piece from a major national newspaper this month, this time from the New York Times’ Matt Bai who surmised […]
A landmark court ruling on Wells Fargo’s outrageous overdraft scam has the potential to return hundreds of millions of dollars in stolen funds to consumers all over the country. But […]
Here are two numbers that should warm the heart of anyone who wants to end sectarian bickering and build a bipartisan consensus for change: 68% of likely voters polled believe […]
The DC-elite think that “the responsible thing to do” is to cut Social Security benefits. The public who they are supposed to represent overwhelmingly thinks that Social Security is one […]
After all the noise and fluff about China letting its currency float, and the Obama administration deciding not to declare China a currency manipulator, is turning out to be just […]
“I still believe that this will be largely a referendum on the administration’s policies,” said Senator John Cornyn of Texas, chairman of the National Republican Senatorial Committee, explaining why the […]
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