The economics of the moment is that fiscal responsibility really means less, not more deficit reduction right now. That's easy for me to say, I'm sure. But it's the truth. Just look at the jobs report.
The cuts which have already been forced on us have cost the economy nearly 1,000,000 jobs, according to the most conservative estimate, while robbing our economy of tens of billions in growth. Do you really think we want more of the same?
Conservative Republicans have lost their fight over the shutdown and debt ceiling, and they probably won't get major spending cuts in upcoming negotiations over the budget. But they're winning the big one: How the nation understands our biggest domestic problem.
The problem is that the Democrats still seem to accept the Republicans' parameters for the budget debate. The implication is that current deficits are a serious problem.
Reflecting on the recent shutdown/debt ceiling debacle, the resolution of which is only a few months' respite until the same self-imposed deadlines reappear, you've got to wonder: what's wrong with America?
Throughout these last few weeks, everyone involved in the negotiations on funding the government and the debt ceiling should have been repeating somet...
There is a growing sense of unease in the country that we are on an unsustainable path that demands radical action. I believe that many of the most outspoken advocates of reform do not really understand that it will affect their Social Security and Medicare benefits, but their concern is nonetheless credible.
Back this past summer there were a few things that were very, very obvious. We knew that Walter White was going to meet his demise (c'mon...too many ...
The budget agreement that Senate leaders announced today marks an important victory for the principle that shutting down the government and threatening national default aren't acceptable ways for either party to pursue policy concessions and should always be rejected.
President Obama has, unfortunately, embraced the faulty premise that deficit reduction should be a top priority. He, along with a chorus of deficit hawks, longs for a "grand bargain" that would get the debt and the deficit "under control."
The Tea Party, while more radical than mainstream Republicans, shares with them the party's signature motive force: hatred.
Why should the Tea Party cooperate with the rest of Congress, if cooperating means they lose 100% of the achievements they've made?
The Deficit Republicans turned into the bogey-person of bogey-people, has been cut in half by the evil Democrats. That is an existential threat to a Republican Party that has put so many chips on The Deficit.
Congress squabbles but the present system just can't relieve or solve the problem -- because the debt money system itself is the problem!
On both the deficit and climate change we are faced with the choice of ignoring the problem, and leaving the consequences to our kids, or taking common sense steps today.
The absurdities pushed by Ferguson and like-minded people in positions of power, in direct defiance of massive evidence to the contrary, have ruined millions of lives and cost the world more than $10 trillion in lost output since the crisis began.