Ellen Brown: The fiscal cliff has been said to be holding Congress hostage to conservative demands, but the real hostages are the debt slaves of our financial system.
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.
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.
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. [...]
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 [...]