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.
Mark Bowen: Kentucky does appear to be a state red enough that Rand Paul, no matter how many times he slips up and tells his constituents how he really feels, is still likely to be their next Senator. But in many ways Republicans will be hurt more nationally if he is, making it a minimum of six more years, rather than six more months, that he’ll be their problem.
John Peeler: The 2010 Pennsylvania Primary had a lot of good news for progressive Democrats. The 18 May balloting saw Representative Joe Sestak take out five-term Senator Arlen Specter, just a year after the latter switched to the Democratic Party in the face of an assured loss in the Republican primary. And, the Democrats held the seat long occupied by the late Jack Murtha. On the other hand, the most progressive candidate in the gubernatorial primary, Joe Hoeffel, finished a poor fourth, and the winner, Dan Onorato, is not only less progressive, but starts well down in the polls against the Republican nominee, state Attorney General Tom Corbett.