Category Archives: Federal Budget and Spending

Trump’s Presidency and Our Economic Future: Part II – The Bitter Fruits of Misplaced Faith

  On October 9, 2013, in a blog article entitled “Ignorance is Death,” I discussed the vast public ignorance about economics and the extreme danger inherent in GOP policies (here), I wrote: The fruits of ignorance are truly amazing. In … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Decline in America, Democracy, Economics, Federal Budget and Spending, Federal Debt, Saving America, Wealth and Income Inequality | Leave a comment

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

The Terrifying Truth About Economics

This post, and a follow-up post, are about the extremely dangerous economic and political predicament of the United States in 2016. With regard to our economic situation, the danger of another crash, and a complete collapse into another Great Depression … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Ecology, Economics, Federal Budget and Spending, Federal Debt, Freedom and Democracy, Government in Society, Wealth and Income Inequality | Leave a comment

Postscript: What We Must Do

Wisdom is a strange commodity. Most of the time we don’t recognize it when it infiltrates our addled brains, and it is always hard-won and a long time coming. Yesterday’s post “Krugman v. Stiglitz — Debt v. Taxation” deserves this postscript, for having … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Federal Budget and Spending, Federal Debt, Politics, Taxation | Leave a comment

Krugman v. Stiglitz — Debt v. Taxation

I have noted before that two of America’s best-known economists, Paul Krugman and Joseph Stiglitz, both Nobel Prize winners, are in extreme disagreement on the causes and implications of and remedies for, America’s inequality crisis. Both are politically progressive, but … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Econ 101, Economics, Federal Budget and Spending, Federal Debt, Taxation, Wealth and Income Inequality | Leave a comment

Labor Day Blues – Mourning the Death of Economics

I had other plans for this morning, but today’s newspapers had stories that hit me hard. I have known I needed to improve upon my own recent efforts to clarify the true nature of our economic situation, and to provide … Continue reading

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

Breaking News: CBO Infected with Trickle-Down Disease

In a recent Op-ed (“The Fiscal Fizzle: An Imaginary Budget and Debt Crisis,” The New York Times, July 20, 2014, here), Paul Krugman argued that the “fiscal panic has fizzled,” citing the most recent Congressional Budget Office “Long-term Budget Outlook,” July, 2014, (here). … Continue reading

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

The Fiscal Fiasco: A Real Budget and Debt Crisis

‘What Good Are Economists Anyway?’ asked Business Week’s cover story for 16 April 2009, noting that though the world is ‘simply too complicated’ for ‘exactitude’ in prediction, it is distressing that ‘seven decades after the Depression, economists still haven’t reached … Continue reading

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

The Bottom 99% Apocalypse

Paul Krugman’s Op-Ed in today’s New York Times, “Addicted to the Apocalypse”  has sent me scrambling back to my computer to post this analysis. He’s right as rain about the apocalyptic fantasies of the financial deficit hawks, but wrong to leap from … Continue reading

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

The End of the Line: The Crash Following a Debt Default

In my recent letter to the editor to the Albany Times Union, “Defaulting on debt a national disaster” (here), I argued that the budget and debt limit crises are the result of the massive growth of inequality, in particular the … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Decline in America, Economics, Federal Budget and Spending, Federal Debt, Monopolies and Market Power, Politics, Taxation, Wealth and Income Inequality | 2 Comments

Inequality and the National Debt

Last night at midnight, the United States government shut down, and my first priority today is to write about it. This post will go beyond everything you’ve been hearing and talking about. Of course it’s insane, in a representative democracy, … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Economics, Federal Budget and Spending, Federal Debt, Government in Society, History, Politics, Taxation, Wealth and Income Inequality | Leave a comment

The Trickle-Down Budgeting Game

(Return to the Contents Topics page.) House Budget Committee Chairman Paul Ryan of Wisconsin  It’s been a while, but I promise you I’m working hard on inequality and economic issues, and will have much more to report soon.  I could not forgive … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Federal Budget and Spending | 1 Comment

Running Out of Gas

(Return to the Contents Topics page.) howstuffworks Good morning. I’m only half way through my first cup of coffee, but what I discovered in today’s New York Times sent me scurrying from the breakfast table to my computer. Paul Krugman’s Op ed, Wasting … Continue reading

Posted in - FEATURED POSTS -, - MOST RECENT POSTS -, Federal Budget and Spending, Reaganomics, 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

An Open Letter to President Obama

Dear Mr. President: I have been among your most ardent supporters, but I’m very concerned about the job you are doing.   You are involved in a class war, Mr. Obama, and as the representative and leader of the American people … Continue reading

Posted in Federal Budget and Spending, Government in Society | Leave a comment