I have an idea that might help ease the transition from the “Quantitative Easing” (QE) policy of the Fed over the past five years to a more free market oriented capital market. More after the break:
Here in the U.S., one thing is clear: The market is so accustomed to stimulus from QE that it [...]
NOW can we start spending some money to fix the nation?
Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the government’s annual deficit is shrinking far faster than anyone in Washington expected, and perhaps even faster than many economists think is advisable for the [...]
President Obama, I mean:
WASHINGTON – In his fifth annual budget proposal to Congress on Wednesday, President Obama once again has put forward a fiscal mix of investments in infrastructure, education and research with further deficit reduction through tax increases and spending cuts. But for the first time he has included changes to Medicare and [...]
When two elephants battle, it is the grass that suffers. Welcome to my blog, fellow blade! The Dueling Budgets battle has begun, and Republicans, Inc. are playing the banjo:
WASHINGTON (AP) — House Republicans are sending mixed signals in agreeing to meet with President Barack Obama for talks over the budget impasse, while Obama is [...]
What if they gave a budget and nobody came?:
As sequestration begins, Republicans have been overtaken with something close to giddiness, and Democrats seized with gloom. It appeared as recently as a few months ago that the threat of across-the-board cuts, disproportionately hurting defense, would force Republicans to negotiate a long-term debt reduction agreement. But [...]
Well, big surprise, they did it! The Money Party is in a cannibalistic feeding frenzy with the failure to come to an agreement on spending cuts. Now the sequester Frankenstein hits the streets. This link takes you to an interactive map. Scroll down, click on your state, and you will see what goes right away. [...]
The Republians in the House and the Senate have gone nonlinear. They forgot the series of Tea Party defeats in the last election. They fear a Tea Party opponent in the 2014 election. And, they’re indifferent to real polls showing they are identified as “extremists.” Here’s Bernie Sanders (I-VT) on the sequester.
You know [...]
May you have incompetent, offensive enemies.
President Obama and the congressional Democrats have the luck of the Irish, truly. They’ve already won the Battle of the Fiscal Cliff due to the good judgment of the people. That judgement takes facts into consideration. The sequestration process is a blunt instrument wielded by a Frankenstein [...]
The Obama administration and Democrats is sitting awfully pretty this week. This is the week that Republicans will explode, no matter what happens. Pass the popcorn:
The danger for Republicans is that the budget cuts will severely weaken public support for the austerity theme that the party has been promoting since 2010. The cuts will [...]
All those who had bets on the House Republicans blinking in their debt ceiling brinkmanship can now collect and look smug. I have to admit, I didn’t think they would but…
House Republicans plan to introduce legislation next week that would increase the nation’s borrowing authority for three months, a tactical retreat that postpones [...]
“This is not a complicated concept… . You don’t go out to dinner and eat all you want and then leave without paying the check.”
- President Barack Obama, breaking down the GOP-led debt ceiling debacle.
Related: Pobody’s nerfect.
1) Raising the debt ceiling does not authorize one single penny in additional public spending.
2) For Congress to “decide whether” to raise the debt ceiling, for programs and tax rates it has already voted into law, makes exactly as much sense as it would for a family to “decide whether” to pay [...]
A moment of silence for Krugman’s answer to the question of life, the universe — everything! fiscal hostage taking:
The Treasury Department will not mint a trillion-dollar platinum coin to get around the debt ceiling. If they did, the Federal Reserve would not accept it.
That’s the bottom line of the statement that Anthony Coley, [...]
Are the Republican leadership in hock to their crazies, both on the Hill and in their base, to such an extent that they’ll point-blank refuse to raise the debt ceiling if they don’t get their way and see major spending cuts alongside the rise?
Greg Sargent says they aren’t and says Democrats should bet…well, the [...]