Category Archives: Budgets

The Terrifying Truth About Politics

The preceding post began with a little-noticed quotation from Hillary Clinton’s acceptance speech at the Democratic convention: “I believe that our economy isn’t working the way it should because our democracy isn’t working the way it should.” We saw in … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Budgets, Corporate Control of Media, Decline in America, Democracy, Economics, Federal Budget and Spending, Federal Debt, Government in Society, Media and Propaganda, Politics, Saving America, Taxation, Wealth and Income Inequality | Leave a comment

Dynamic Scoring: Delusion, Danger, and Disaster

On the very first day of the 114th Congress, U.S. House leadership adopted a new, hyper-partisan and hyper-political rule that has the potential to add billions on top of billions to the federal deficit with every bill that passes. So-called “dynamic … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Budgets, Economics, Wealth and Income Inequality | Leave a comment

False Forecasts and Dangerous Delusions

The celebrated optimism of traditional economic theory, which has led to economists being looked upon as Candides, who, having left this world for the cultivation of their gardens, teach that all is for the best in the best of all … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Budgets, Economics, Federal Debt, Wealth and Income Inequality | Leave a comment

Inequality and Debt, Dysfunctional Forecasting, and the Discomfort Zone to the Left.

For much of the past five years readers of the political and economic news were left in little doubt that budget deficits and rising debt were the most important issue facing America. Serious people constantly issued dire warnings that the … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Budgets, Economics, Taxation, Wealth and Income Inequality | Leave a comment

Is There Any Good News in the Deal on Debt?

(Return to the Contents Topics page.) The Debt Deal struck a couple of weeks ago did (perhaps) avert a national default; the perhaps is because our constitution provides that the US will allocate funds to cover obligations, so it is … Continue reading

Posted in - FEATURED POSTS -, - GUEST BLOGGERS -, Budgets, Federal Budget and Spending, Federal Debt | 1 Comment

The Betrayal of Hope

(Return to the Contents Topics page.) Skip and I have been among the most loyal and hopeful defenders of Barack Obama all along, even as he has disappointed us with his failure forcefully to stand up for the people and, … Continue reading

Posted in Budgets, Federal Budget and Spending, Obama and the Alternative | 1 Comment

The Moment of Truth

(Return to the Contents Topics page.) In December 2010 The National Commission on Fiscal Responsibility and Reform issued a report entitled, ironically, “The Moment of Truth.”  Before discussing the report, let’s recap the economic reality we have found. Our moment of … Continue reading

Posted in - FEATURED POSTS -, Budgets, Taxation | Leave a comment

Budgets

(Return to the Contents Topics page.) Is There Any Good News In the Deal On Debt?:  Guest blogger Janet Spitz discusses some good news in the debt reduction package signed by the President this month, including the long overdue treatment … Continue reading

Posted in Blog Contents, Budgets | Leave a comment

President Obama’s Real Proposal (and Why It’s Risky)

 (Return to the Contents Topics page.) by: Robert Reich, Robert Reich’s Blog, April 16, 2011           Paul Ryan says his budget plan will cut $4.4 trillion over ten years. The President says his new plan will cut $4 trillion over twelve … Continue reading

Posted in Budgets | Leave a comment

Introducing the People’s Budget

(Return to the Contents Topics page.)           There aren’t a lot of options for balancing budgets and reducing the huge Republican debt without further devastating destruction to the dwindling middle class and the entire bottom 99%.  Only two are available, and both are … Continue reading

Posted in Budgets | Leave a comment