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By James Andrew Miller, Tom Shales
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Screenshot
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In his latest column for The New York Times, the Nobel Prize-winning economists notes that before President Obama took office in 2009, seven of the 10 previous presidents left the Oval Office with debt ratios lower than when they entered it. The three who did not: Ronald Reagan, George H.W. Bush and George W. Bush.
Posted on May 6, 2013
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By Robert Reich — The West, Texas, chemical and fertilizer plant where at least 15 people were killed and more than 200 injured a few weeks ago hadn’t been fully inspected by the Occupational Safety and Health Administration since 1985.
Posted on May 5, 2013
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AP/J. Scott Applewhite
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In the name of compromise, bipartisanship and the satisfaction of a ruling class that is indifferent to the suffering of ordinary Americans, President Obama is ready to sell parts of Social Security and Medicare in his attempt to strike an annual budget that satisfies Republicans and reduces the long-term deficit by $1.8 trillion over 10 years, administration officials say.
Posted on Apr 5, 2013
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Flickr/Seuss
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By Robert Reich — Sequestration is only the start. What the tea party set out to do was not simply change Washington but eviscerate the U.S. government—“drown it in the bathtub,” in the words of their guru Grover Norquist.
Posted on Mar 3, 2013
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Paresh Nath, Cagle Cartoons, The Khaleej Times, UAE —
Posted on Jan 7, 2013
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Democracy Now!
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Phony-baloney tax cuts, a delay in spending reductions, an increase in the deficit and lots more work to be done—Heidi Moore at The Guardian details the fiscal cliff solution that isn’t.
Posted on Jan 2, 2013
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reid.senate.gov
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Forget the Times Square ball drop in New York City. The most dramatic moment of New Year’s Eve 2012 will most likely happen on Capitol Hill.
Posted on Dec 30, 2012
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As President Obama promises to bargain away changes to spending and social programs in exchange for income tax increases in the top two brackets, leading economist Dean Baker criticizes the so-called fiscal cliff threat as a myth.
Posted on Dec 14, 2012
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By Robert Reich — The game of chicken isn’t about how much or when we cut the budget deficit. Or even whether the upcoming “fiscal cliff” poses a danger to the economy.
Posted on Nov 10, 2012
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counsellor (CC-BY)
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Is anyone in the Obama administration listening to Paul Krugman? Maybe, says the Nobel Prize-winning economist, but only at the end of a year in which political insistence on the need to reduce short-term deficits with spending cuts slid the economy and much of the American public further into ruin.
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AP / J. David Ake
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House Speaker John Boehner said Thursday that the “super committee” on debt reduction should not be considering any sort of tax increases as it attempts to slash the federal deficit by $1.2 trillion. (more)
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Wikimedia Commons
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Governments on both sides of the Atlantic are making the same blind, stupid, ideological error: trying to rescue faltering economies with spending cuts. It doesn’t work, as John Maynard Keynes explained decades ago. (more)
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Adam Zyglis, Cagle Cartoons, The Buffalo News —
Posted on Jul 11, 2011
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woodleywonderworks (CC-BY)
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By Eugene Robinson — With the nation struggling to recover from a devastating recession, unemployment stuck at crisis levels, financial markets spooked by the possibility of European defaults and consumers disinclined to consume, it makes no earthly sense to suck money out of the economy.
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RJ Matson, Cagle Cartoons, Roll Call —
Posted on Jun 27, 2011
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RJ Matson, Cagle Cartoons, The St. Louis Post Dispatch —
Posted on Jun 19, 2011
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Nate Beeler, Cagle Cartoons, The Washington Examiner —
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Wikimedia Commons / Prolineserver
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According to New York Times econo-whiz Paul Krugman, all this emphasis on austerity will not be good for posterity. In his latest column, Krugman slams the GOP for claiming to be all about the kids while stacking the deck against them with “draconian” budget cuts.
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