Robert Reich: I wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal.
Mark Dempsey: American government has the legal right to create literally unlimited dollars, so it can never be insolvent. It will run out of dollars when the Bureau of Weights and Measures runs out of inches.
John Peeler: In the midst of a massive recession, the conservative argument for balancing the budget by cutting government spending is manifestly perverse.
Richard “RJ” Eskow: This phony crisis is a lot like this scene in Mel Brooks’ Blazing Saddles, where Cleavon Little as The Sheriff pretends to take himself hostage to escape an angry crowd.
Robert Reich: I hope the President starts negotiations over a “grand bargain” for deficit reduction by aiming high. After all, he won the election.
Ellen Brown: The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.
Richard “RJ” Escow: The voters have asked President Obama and his fellow Democrats not to “shirk a fight” over economic issues. We look forward to seeing the democratic process unfold as a much-needed fight against economic injustice is played out in the public arena.
Peter Dreier: Wells Fargo Bank and US Bank have chosen to celebrate Breast Cancer Awareness Month by trying to evict breast cancer survivors from their homes.
Claude Fischer: To the extent that facts matter in such a politicized debate, it is becoming increasingly clear that equality rather than inequality is a better policy for economic growth.
Sheila Kuehl: About 20% of California’s insureds would presumably see their rates go up because they had a lapse in insurance that didn’t fit into acertain categories.
John Peeler: Obama, if he could free himself of the Wall Street crowd, is the likelier buyer of Will’s prescription of breaking up financial institutions that are “too big to fail”.
Dan Bluemel: At the request of a homeowner under foreclosure, occupiers have barricaded themselves inside another home. They hope to stave off eviction and force an amicable arrangement with the mortgage lender.
Tina Dupuy: Bachmann and the tea party are like a 30-year-old who lives comfortably in the family home while railing against parental tyranny and bemoaning the mediocrity of the meals his mother cooks.