The Great Austerity Swindle!
Body: Our Congresspeople, corporate CEOs, tea partiers, most economists, Pete Peterson's minions, and even our President, tell us that we're running out of money; and that we can't keep running huge...
View ArticleHell No! The Ultimate Pushback against the Grand Bargain
Body: The underlying rationale for “a Grand Bargain” and the President’s deficit reduction budget including cuts to both Social Security (SS) and Medicare and many valuable discretionary programs,...
View ArticleReply to Reinhart and Rogoff’s NYT Response to Critics
Body: By Warren Mosler (Cross-posted with permission of the author fromThe Center of the Universe) The intellectual dishonesty continues. As before, it's the lie of omission.
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'No Labels' Program Comes To Sirius XM Radio
Departments: Department of How Stupid Do They Think We Are?Tags: No Labelsgrand bargainSirius XM Radio [Politico, The inaugural call-in show will take place on May 15| iStock photo]Below is an excerpt...
View ArticleStop the Kabuki: It's About “the Great Betrayal”
Body: MSNBC continues on with its campaign to cast the Tea Party Republicans in the role of principal villains in the imminent Government budget/ government shutdown crisis and the likely coming debt...
View ArticleStop “the Great Betrayal:” Kabuki Update
Body: It now looks like the big media and leaders in both parties are no longer focusing on the Government Shutdown crisis, but are now moving on to the notion that the shutdown is melding with the...
View ArticleRationalization and Obligation, Part I: No Magic Bullets?
Body: The media and politicians in both parties are still largely echoing the Administration's framing of the fiscal situation and absolving the President of his share of the blame for the debt limit...
View ArticleRationalization and Obligation, Part II: Coins, the 14th, and Consols
Body: This six-part series is a reply to the President's glossing over the options open to him apart from playing “chicken” with the Republicans over the debt ceiling. Part I, presented the President's...
View ArticleRationalization and Obligation, Part VI: What He Ought to Do, What He...
Body: By Joe FirestoneThis is Part VI of a six part series replying to a claim by the President at his recent White House News Conference.Part I covered the News Conference and the first two (the...
View ArticleOff the Debt Limit Hook for at Least the Next Four Months
Body: Provided that the Senate and House follow through on the scenario now on the table, it looks like the game of chicken worked for the Democrats this time. We're off the hook on default and...
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