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Debt threatens to destroy American civilization, but

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Republicans would rather leave it unaddressed than agree to even a dime of higher taxes What Republicans Mean When They Say They Fear The Debt by Jonathan Chait On the Republican side, everyone is hysterical about the deficit. But the most concerned Republicans — the ones most likely to compare the deficit to, say, the […] [Read More]
Categories: General

Krugman Good, Lieberman Bad

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As prognosticators: Krugman is top prognosticator; Cal Thomas is the worst: Press release Pundits predict no more accurately than a coin toss Krugman tops, Cal Thomas bottom of accurate predictors, according to study at Hamilton College CLINTON, N.Y. – Op-ed columnists and TV’s talking heads build followings by making bold, confident predictions about politics and […] [Read More]
Categories: General

Bush-era policies account for more than $7 trillion of the deficit

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Running in the red: How the U.S., on the road to surplus, detoured to massive debt By Lori Montgomery in the Washington Post: The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis. In January 2001, with the budget balanced and clear sailing ahead, the Congressional Budget Office forecast […] [Read More]
Categories: General

5.5 million: Americans unemployed and not receiving benefits

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From the Wall Street Journal: …As of March, about 14 million people were unemployed and looking for work, according to the household survey. At the time the survey was done, about 8.5 million were receiving some kind of unemployment payments, according to the Labor Department’s Employment and Training Administration. That leaves about 5.5 million people […] [Read More]
Categories: General