Irene Monroe: While Ferguson’s gay-bashing of Keynesian economics was to discredit Keynes and his entire body of work, it has rather done the reverse, bringing renewed international attention to a renown economist and to another one of our LGBTQ unsung forebearers.
Lauren N. Nile, Esq.: The Tea Party is exposing mainstream Republicans’ Strategy. Tea Partiers, in fact, are exposing all of the Republicans’ lies.
Sy Slavin: This Canadian study shows that as far as creating new jobs and generally decreasing unemployment, the way to go is increasing governmental infrastructure expenditures.
Iwan Morgan: If America does manage to avoid a new recession and achieve stronger growth, it will be a testimony to the underlying strength of its economy. At present its political leadership in both the executive and legislative branches does not appear to have the same reserves.
Brent Budowsky: America needs new thinking for monetary and fiscal policy. Fed policy has failed. Government policy is inadequate. Ron Paul has advanced an important debate.
Deepak Tripathi: Western societies have suffered a major socioeconomic and moral collapse. The recent street violence in England’s cities is the latest, most disturbing expression of individual selfishness and anger causing the rot.
Ivan Eland: The good news is that if the committee can’t reach an agreement on the fiscal changes, or if Congress rejects its work, defense (including homeland security) and domestic programs have to take equal cuts.
Tina Dupuy: “The rich create jobs” is a well-worn catch phrase from right-leaning political yappers who give this 1% all the credit when it comes to the financial health of the country. But the rich are not, in fact, the venerated “job creators.”
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.
Robert Reich: In political terms, a strong stand enables the President to clearly demonstrate who’s side he’s on (the working and middle class that’s still bearing the brunt of this lousy economy) and who’s side the Republicans are on (the powerful and privileged who brought much of this on, and who are now doing just fine).
John Peeler: The fact is, neither liberals nor conservatives, neither Republicans nor Democrats, have the stomach for the major sacrifices that Simpson and Bowles are calling for, and it’s not at all clear that the public in general is ready either.
Robert Reich: A record number of Americans is unemployed for a record length of time. This is a national tragedy. It is to the nation’s credit that many are receiving unemployment benefits. This is good not only for them and their families but also for the economy as a whole, because it allows them to spend and thereby keep others in jobs.
Adam Eran: The acute problem of the Gulf oil spill makes the cost of corruption-afflicted government front page news. Lax Federal offshore drilling oversight under Bush 43 has cost us dearly. However, our society’s vulnerability to any trouble with this critical resource should also remind us of the chronic problem: peak oil.