Democracy Is Messy

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Ted Vaill: Every Member of Congress who voted against increasing the debt ceiling should be targeted for defeat in the 2012 election. If that is not successful in changing the makeup of Congress after 2012, I may follow the lead of my ancestor Pelatiah Everett, and begin a new revolution.

Across-the-Board Cuts Needed to Avoid Fiscal Armageddon

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Ivan Eland: To keep with the bipartisan spirit after the Gabrielle Giffords’ assassination attempt and also to avoid partisan fighting over spending priorities, which will bog down and probably eventually kill any significant budget cuts, all government programs should be cut by 15 percent from last year’s budget level, including heretofore sacred defense and entitlement programs.

The Big Lie

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Robert Reich: Americans no longer have the purchasing power to keep the economy going at full capacity. Since the debt bubble burst, most Americans have had to reduce their spending; they need to repay their debts, can’t borrow as before, and must save for retirement.

Deficit Commission: Keynesian by Default

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John Peeler: The fact is, neither liberals nor conservatives, neither Republicans nor Democrats, have the stomach for the major sacrifices that Simpson and Bowles are calling for, and it’s not at all clear that the public in general is ready either.

Obama Needs To Teach The Public How to Get Out Of The Mess We’re In, But He’s Not

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Robert Reich: The economic lesson President Obama ought to be teaching is that targeted tax cuts, mostly for small business, are good to the extent they give businesses a nudge toward creating more jobs. But businesses won’t begin to create lots of jobs until they have lots of customers. And that won’t happen until lots more Americans have work. The only way to get them work when businesses aren’t hiring is for government to prime the pump.

Why Freeze Spending on Only Part of the Budget?

Budget-Pie

Ivan Eland: President Obama’s rationale for not including these security expenditures in his discretionary spending freeze is that he is prosecuting two wars. Aside from the obvious solution of ending the two conflicts—which are part of the “war on terror” but have had the counterproductive effect of increasing retaliatory terrorism—and cutting back the defense budget, defense spending could be reduced even if the two war efforts are sustained.