Peterson Thinks We Need Austerity While He Lives It Up!

By: Sunday March 9, 2014 1:05 pm

If we focus on Peterson’s faux problem and implement the policies that he and his allies advocate, then all that awaits us is austerity, periodic deeper and deeper recessions, and eventually a war of all against all, accompanied by lives that will be “nasty, brutish and short.”

 

How to Restore the Good Name of Government

By: Friday February 21, 2014 5:40 pm

Why is it that Washington village “progressives,” and their associates in other parts of the country who are nevertheless part of the Washington village culture, often ask useful questions, but, almost always deliver, underwhelming answers?

Rationalization and Obligation, Part VI: What the President Ought to Do, What He Probably Will Do

By: Wednesday October 16, 2013 4:25 pm

If the President is obligated to obey the 14th amendment, then he should be doing whatever he can to use the other options to end the debt ceiling crisis. He should not be playing chicken with the Republicans over the debt ceiling and the shutdown. Both are dangerous to the economy, and there is a real risk of default in allowing the Treasury’s daily available balance to fall to the level it will be at as of October 17th.

Ezra Is Terrified Because of His Framing

By: Thursday September 19, 2013 5:50 am

What happened to the responsibility of the Press to put other choices on the table by acknowledging their existence and talking about them?

Do the Democrats Really Want to Bear the Blame for a Crash that Wall Street Will Cause?

By: Saturday September 14, 2013 8:00 am

Lynn Parramore makes the point that the next crash is coming and probably will be blamed on the Democrats. It’s a great point, but it needs to be pursued further.

What if we have another Republican sweep in 2014, like 2010, but worse? Then we’re going to have more policies that increase inequality. Even less regulation, causing even more domination of our politics by corporations and the financial sector.

Declaring the Grand Bargain Dead Is Premature

By: Sunday September 1, 2013 9:00 am

Stories in The Washington Post and the New York Times have some in the blogosphere proclaiming that it’s time to celebrate the death of the Grand Bargain, and others at least raising a question about its death. I’ll go on record as saying that celebrating its death is definitely premature.

Jack Lew: Avoiding Default Is Your Responsibility Too

By: Thursday August 29, 2013 7:00 pm

As we approach the time when the debt limit, and the lack of agreement between the two parties in Congress, will force the Government to miss payments, Congress does have an obligation to raise the debt limit or remove it entirely. But, Treasury Secretary Lew and the President need to acknowledge that there are things they can do too to avoid a default on the public debt, apart from either reminding Congresspeople of their responsibility, or giving into Republican demands.

The Five Worst Reasons Why the National Debt Should Matter To You: Part One, High Debt Levels and Jobs

By: Saturday August 24, 2013 4:00 pm

I came across a post from the “Fix the Debt” campaign last month called “The Top Five Worst Reasons Why the National Debt Should Matter to You.” It’s a post full of debt/deficit lies that cry out for correction. That’s what I’ll provide in this series.

Letter to the President: If Social Security Solvency’s Really a Problem Then Why Not Do This?

By: Saturday March 30, 2013 6:40 pm

Dear Mr. President,

Over the past 3 years you’ve returned again and again to the idea that Social Security has a long-term solvency problem, and therefore needs “reform,” even though, as of the end of 2012, the “Trust Fund” had nearly $2.7 Trillion in it. In spite of this healthy trust fund asset balance, SS Trustee projections, say that the trust fund will be down to zero by 2033 and that thereafter, until 2086, SS will be able to pay roughly only 75% of scheduled benefits without either cuts or increased sources of revenue.

A Plague on All Your Budgets

By: Wednesday March 27, 2013 7:07 pm

All four of these budget projections, if implemented could only correspond to a bleak, stagnating economic future for the United States, with the House Budget producing the worst result by far. I’m sure this analysis would be strongly objected to by the authors of all four budgets. But of the four, the most credible claims against what I’ve written would probably come from CPC neo-keynesian budget proponents.

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