There Is No Money

By: Wednesday February 13, 2013 7:56 am

The great problem with President Obama’s State of the Union is that he has created a bizarre reality in which there is no money. This is a narrative that is not only going to continue to hinder our weak recovery, but also make new progressive spending programs impossible. In his speech Obama said the first [...]

What Should Progressives Root For in the Sequestration Fight?

By: Tuesday February 5, 2013 8:54 am

In less than a month the sequestration cuts are set to take place and it is still unclear what is the best plausible outcome from a progressive perspective.

Tell the SEC: Revoke Standard and Poor’s Ratings Authority

By: Thursday September 29, 2011 10:43 am

For their role in the mortgage crisis alone, S&P deserves to have their government seal of approval revoked for their reckless use of their ratings authority. A decision could be handed down any day. Call the SEC now and tell them to revoke S&P’s government seal of approval for their reckless use of their ratings authority

Rejecting False Choices

By: Wednesday August 3, 2011 9:00 am

With the debt ceiling deal now law, the next stage of using artificial crisis to force austerity onto the American people begins. This next time instead of members of Congress saying they must vote for big cuts to avoid default, they will be able to point to the newly created triggers in this deal as [...]

State of the Debt Ceiling Debate

By: Friday July 22, 2011 7:28 am

The headline is somewhat misleading because nobody really knows the state of the debt ceiling debate as far as I can tell. It’s unwinding in the midst of more chaos than anything I can recall on Capitol Hill. The complete leadership vacuum is stunning.

Obama Only Used the Veto Threat to Advance Austerity

By: Tuesday July 12, 2011 7:18 am

Several months ago when Republicans first made it clear they were planning to hold the debt ceiling hostage many wanted President Obama to issue a veto threat. Obama could have done this while still maintaining the deficit hawk image he so desperately craves with a statement like: I would happy work on a bipartisan basis [...]

Would Obama Violate Constitution and Actively Damage Wall Street?

By: Wednesday July 6, 2011 12:36 pm

Perhaps the best way to look at the possibility of President Obama using the 14th amendment to declare the debt ceiling unconstitutional, is not to wonder if Obama has the will to use it, but question whether he has the resolve it would take not use it.

Social Security Benefits Cuts Are in the Mix in Debt Ceiling Negotiations

By: Thursday June 30, 2011 8:08 am

Congress is in a full blown austerity mode right now and any deal that comes out of these negotiations is likely going to be really bad news for regular people. That is why I suspect any deal will just happen to be reached at the last minute, so Congress will “need” to quickly pass the bill with effectively no public debate or time for scrutiny.

Actually Sen. Lieberman, We Should Be Expanding Medicare

By: Monday June 13, 2011 10:56 am

The oft confused Sen. Lieberman gets taken to the woodshed by Nobel winner Paul Krugman. It turns out that the best way to hold down costs is not to cut Medicare but expand it.

Seeing No Bond Vigilantes, Deficit Hawks Work to Create Them

By: Wednesday May 18, 2011 6:00 am

I’m beginning to suspect the Republican’s decision to hold the debt ceiling hostage to demand only big cuts in spending and President Obama’s almost enthusiastic desire to play along was a way to deal with the problem of the nonexistent bond vigilantes by actively creating some. Most of the elites in Washington would love to [...]