There is not much positive to say about this budget deal except for that fact that it helps temporarily kill the push for a grand bargain.
|By: DSWright Thursday December 12, 2013 7:32 am|
Progressives are not the only ones disgusted by the ludicrous military spending in the Ryan-Murray budget deal. Yesterday Rick Santelli – whose outburst over government assistance to homeowners is alleged to have started the Tea Party – hosted David Stockman, the former Office of Management and Budget Director for the Reagan Administration.
|By: DSWright Wednesday December 11, 2013 6:55 am|
Representative Paul Ryan and Senator Patty Murray announced a budget deal yesterday. The deal replaces $63 billion in sequester cuts over two years and cuts an additional $23 billion in long term deficits. The deal will restore defense spending. The funding comes from increased fees for air travel and cuts to federal worker pension programs.
|By: Peterr Saturday November 30, 2013 9:09 am|
Pope Francis has a few interesting words on the joy of the gospel, juxtaposed with the joy of The Market. He throws around phrases like “no to the new idolatry of money” and “the worship of the ancient golden calf has returned.” He uses words like “ruthless” and “dictatorial” and “tyranny” to describe market players who embrace “trickle down theories”, and words like “inequality” and “exclusion” and “throw away culture” to describe the problems the world faces as a result of economic injustice.
No response yet from Paul Ryan, Sam Brownback, or the rest of the GOP catholics, who’ve been worshiping at the feet of prophets like Arthur Laffer for years.
|By: dakine01 Friday October 18, 2013 3:45 pm|
Well, the Republican Congressional Arson Committee was out-voted Wednesday and the government shutdown has ended and the debt ceiling has been raised. At least for a few months. Now come the analyses striving to set the Conventional Wisdom.
|By: DSWright Thursday October 17, 2013 6:40 am|
After wasting everyone’s time and money for 16 days, Speaker Boehner and the House Republicans caved in and reopened the government and raised the debt ceiling. Now we return to the brutal austerity of the Budget Control Act of 2010, in losing the Republicans have won. Although part of the deal to reopen the government included allowing special interests to tailor the sequester cuts to the poor and powerless as part of a joint committee between the House and Senate. So things are actually going to get worse for most people.
|By: joe shikspack Friday October 11, 2013 2:00 pm|
Greetings Circus fans! Welcome back to the Circus that, like rust, never sleeps. For the past couple of days the red clowns have separated into rival gang factions to fight out their final strategery. Watching clowns enter into public backbiting and recriminations is always amusing for the audience and the pie has been flying.
|By: DSWright Friday October 11, 2013 6:36 am|
Yesterday House Republican leaders met with President Obama at the White House to begin discussing a deal on raising the debt ceiling and ending the government shutdown. The initial proposal by Speaker Boehner to grant a six-week extension on US borrowing authority was rejected by Obama. Apparently the ‘Grand Bargain’ is back.
|By: Dean Baker Thursday October 10, 2013 1:54 pm|
The Washington Post ran an editorial endorsing Republican House Budget Committee Chairman Paul Ryan’s proposal for ending the shutdown/debt ceiling standoff. It is apparently anxious to seize on yet another route to try to cut Social Security and Medicare benefits for seniors.
While the obvious crisis facing the country is a government that is not doing its job and an economy that is suffering enormously from a shortage of demand (i.e. too little government spending), the Post sees this as an opportunity to fix its invented crisis about the long-term budget deficit.
|By: DSWright Thursday October 10, 2013 12:10 pm|
Something that seems to be missing from the government shutdown debate is that the “clean CR” President Obama and Congressional Democrats are demanding bares a striking resemblance to the Ryan Budget. So even if the Tea Party faction capitulates and passes the clean CR they have already won. The clean Continuing Resolution comes in at $986 billion. And what was the Ryan Budget? $967 billion. A mere $19 billion difference.