Ryan’s Follies: A Crushing Burden of Public Debt

By: Sunday August 12, 2012 7:40 am

In celebration of Paul Ryan’s nomination, and in consideration of his reputation among Washington, DC villagers as a fiscal guru, I thought it might be fun to do a series of posts, of which this is the first, critiquing examples of Ryan’s past wisdom. Here’s the first example:

”We face a crushing burden of debt. The debt will soon eclipse our entire economy, and grow to catastrophic levels in the years ahead.”

Progressives in Congress: Vote for the President to Do It!

By: Sunday July 31, 2011 4:00 pm

So, make the President do it! Make him solve the problem and avoid a default! That is the best thing that progressives in Congress can do now to save the economy and begin to kill the current austerity mania that will destroy the futures of our children and Grandchildren.

Modern Monetary Theory: The Last Progressive Left Standing

By: Thursday July 21, 2011 12:00 pm

The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings — ‘yes, the financial markets might destroy us, but how can we cut this or that worthy cause’ — don’t cut it. They have fallen into the out of paradigm world that takes it as gospel that the U.S. is at imminent risk of becoming the next Greece; where financial markets can cut off funding and ability to spend and force the giving up of national sovereignty and begging for an IMF bailout, or else, face the option of default or printing money, which launches one down that slippery slope to hyperinflation… bla bla bla…

The Deficit Crisis Is a Fantasy

By: Monday June 28, 2010 1:35 pm

After going to one of the AmericaSpeaks community conversations Saturday, I’m even more confident that the deficit crisis being promoted by the Peter G. Peterson Foundation, AmericaSpeaks, the National Commission on Fiscal Responsibility and Reform, and the Obama Administration, as well of much the world’s global elite is a fantasy. There is no truth to it, and it is a dangerous fantasy, because if one believes it, then that can be a self-fulfilling prophecy. The austerity they recommend for the long-term can make the slow growth and difficult times they project come true. It can catch us all in a nightmare of their making. The “reasoning” behind their fantasy is simple enough.

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