Tom Degan: You can almost feel the panic reverberating from both sides of the aisle in Congress this week. They’re trying to convince themselves that this is a passing fluke, that we’re not yet at the point of no return.
Brent Budowsky: The extreme hard-line attitude of many Republicans has significantly raised the prospects for a national default and rating agency downgrades that would sweep across the nation and many states, causing an economic cataclysm and public outrage unlike anything ever seen in the history of the republic.
Nyabingi Kuti: The growing LA progressive movement began lobbying Marcy Winograd to jump in. Winograd, a teacher at Crenshaw High, has twice caused Harman concern with her strong challenges to the seat.
Steve Hochstadt: We grredy American homeowners appear as co-conspirators in many judgments about what caused the great recession. In these interpretations, many of us were greedy for wanting bigger homes than we deserved, foolish to have then bought larger houses than we could afford, and stupid for agreeing to the low-interest/low-payment scams of mortgage sellers.