America Held Hostage

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Tom Degan: In a move that is as transparent as it is outrageous, our Republicans representatives are so desperate to take back the White House and the senate in 2012, they are within twenty-six days of sending the American economy – along with the American people – into the abyss.

The Day the GOP Shot Ol’ America Down

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Ted Vaill: In less than a month, unless they relent in their effort to destroy the American (and the world) economy to curry favor with their Tea Party wing, the Republicans in Congress will cause the American government to default on its debt, on August 2, 2011 or thereabouts.

The Carnage on Wall Street

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Robert Reich: Our representatives in the nation’s capital continue to obsess about future budget deficits and games of chicken over raising the debt ceiling — neither of which has anything at all to do with the stalled recovery and the carnage on the Street.

Back Toward Double Dip

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Robert Reich: The Republican lie that the nation’s long-term budget deficit is responsible for high unemployment would be laughable if it weren’t so tragically irrelevant to the current situation.

Budget Jujitsu

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Robert Reich: We can reduce the long-term budget deficit, keep everything Americans truly depend on, and also increase spending on education and infrastructure — by cutting unnecessary military expenditures, ending corporate welfare, and raising taxes on the rich.

The Battle for the Soul of the GOP

Robert Reich: Tea Partiers have almost as much contempt for big business and the Street as they do for government. After all, the Tea Party was born in anger over the Wall Street bailout. This is the heart of the civil war in the GOP.

The Next Global Crash

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Brent Budowsky: Make no mistake: If the debt ceiling is not extended and America goes into default, markets and economies around the world will probably crash.

The Tea Party Conservative Strategy for 2011

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Robert Reich: Next week starts the new Congress, and with it the Tea Party conservatives. What are they going to do about government spending? Knowing they don’t stand a chance of getting a direct repeal of the healthcare mandate, they’ll try to strip the federal budget appropriation of money needed to put the healthcare mandate into effect. This could lead to a standoff with the White House over government funding in general, and a possible government shutdown.

Specifically, What Should Be Done for Jobs?

Alan Greenspan cartoon

It would be hard to get a new stimulus package through Congress, but no member who’s up for reelection next year when unemployment is likely to be in double digits wants to be accused by rivals of voting against steps to help small businesses, public schools, childrens’ health, and average working people who need a tax cut.

Go Ahead — Spend It, We’ll Print More

In a stunning deregulation reversal, President Bush in a one-minute statement before retreating back into his sealed White House bunker, called for the creation of a massive $700 billion dollar toxic mortgage bailout RTC-like organization to allow ‘business as usual’ for his Wall Street, white tie base. When you can print your own money you [...]

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