Steve Hochstadt: Despite the billions in damage to our economy that the shutdown caused and the unanimous warnings from economists across the world that a government default would create much worse damage, Republican politicians did not budge.
Julie Driscoll: Although it’s not really necessary to “know the enemy” (since our enemies have already outed themselves as idiots and numbskulls hugging their guns and building underground bunkers), it’s on sites like teaparty.org where true radical right-wingers are born, bottle-fed, nurtured and set free to wreak havoc.
Anthony Samad: The Republicans need a vehicle with a big enough horn to get the public’s attention. They need to raise the ideological rhetoric just to have a chance. Regardless of what it does to the nation. The rhetoric bomb is coming under hood and sheets. The question is, will the nation stand for it.
Steven Conn: For thirty years inflation has not been a serious threat to the American economy, yet politicians and pundits continually fret about it. The never-ending worry about inflation is like fighting the last war rather than the current one. What’s needed today is a war on unemployment and wage stagnation, not inflation.
The recent debt ceiling negotiation wrestling match resulted in the United States losing its AAA credit rating and also resulted in the creation of a new committee. The Joint Select Committee on Deficit Reduction, also known as the Supercommittee or Super Congress, was created by the Budget Control Act of 2011 on August 2.