The Money Delusion

money mint

Mark Dempsey: Why does the Finance, Insurance, Real Estate sector, whose frauds caused the current economic meltdown, get trillions at the drop of a hat, and social safety net programs and revenue sharing with states, whose needs are far more modest, get the “one-finger salute”?

The Limits of Tyrants

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David Love: When America, backward and crumbling, should be investing in infrastructure and technology to create jobs and promote growth, some governors reject high-speed rail projects and wear their ignorance as a badge of honor.

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.

Why Are Corporate Groups Funding the Tea Party?

Shamus Cooke: Rank and file Tea Partiers are, politically speaking, lost at sea in the dead of night, looking for the light of common principles. On land, those manning right-wing lighthouses are broadcasting ideas loaded with hidden motives into this ocean of conservative public opinion. What the Tea Party will become is presently unknown; but those with an agenda will do their best to steer lost boats at sea in their direction, with potentially dangerous consequences.

Obama’s Goal: Halving the Budget Deficit by 2012. Really?

economy-under-water

The President’s message on fiscal responsibility — that he’ll cut the current one by half by the end of his first term — is smart politics right now, but it may be dumb politics by November of 2012, and doesn’t make much economic sense regardless. We’re in a deepening recession, in case you hadn’t noticed. [...]

Republicans: Spare Me Your Newfound “Fiscal Responsibility”

recession-republicans

At his press conference on Monday, President Barack Obama had to remind Mara Liasson of Fox News and NPR that it was the Republicans who doubled the national debt over the past eight years and it’s a little strange to be hearing lectures from them now about how to be fiscally responsible. That interchange was [...]

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