Over the past decade, thanks to fracking, the US has approached self-sufficiency in oil. Since 2008 the trade deficit in oil fell from over half of the overall trade deficit to under 10% in 2016. Surprisingly, however, the massive decline in the oil deficit did not […]
SAVINGS, INVESTMENT & THE DEFICITS
Did Recep Tayyip Erdogan Make War on the USA ?
I assume the reader is familiar with the recent violence at the Turkish embassy & Turkish ambassador’s residence in Washington DC. “Body guards” (really thugs) brought by Turkish president Recep Tayyip Erdogan attacked peaceful demonstrators. It is clear how the fight started, a rather thin not too tall man in a suit attacked. He has […]
Toward a Jobs Guarantee at the Center for American Progress (!)
(Dan here…hat tip NDd for this post. Very long and well worth reading) By Lambert Strether of Corrente\ Toward a Jobs Guarantee at the Center for American Progress (!) I had another topic lined up today, but this (hat tip alert reader ChrisAtRU) is so remarkable — and so necessary to frame contextualize immediately — […]
Medicare does “NOT PAY FOR ITSELF”
In the comments section of an earlier post (1/3 of Medicare is Wasted), Maggie Mahar had stated to everyone; “Medicare Does Not Pay for Itself.” This is what I meant by that comment: “For more than a decade the federal government has borrowed to pay for the rising cost of Medicare. Debt-financing of Medicare will […]
Open thread May 16, 2017
The “Tapes” Threat
by Sandwichman The “Tapes” Threat This may be so obvious it needs no explanation — but allow me to explain. This tweet puts on notice anyone who has a conversation with the POTUS that whatever they say MAY be recorded and selectively “leaked” for the purpose of blackmail, extortion and/or intimidation. That should be an […]
1/3 of Medicare Spending is Wasted
This was initially posted at Angry Bear September 14, 2014 by Maggie Mahar of Health Beat A little history: Dan and I invited Maggie Mahar to write at Angry Bear Blog as I was covering much of the Healthcare debate and Maggie could add much more in-depth knowledge and analysis of healthcare than I could. […]
Burning a Source ?
Who thinks that Trump is “in the grip of some kind of paranoid delusion” ? That is the very hottest quote in the must read Phllip Rucker “analysis” of what is very wrong with the President. I immediately tried to guess who had told Rucker that. The source is “One GOP figure close to the […]
A Little Editorial Humor from The News for the Week
Click on Each Cartoon Editorial Cartoon by: Dan Wasserman Copyright 2017 Tribune Content Agency Editorial Cartoon by: Dan Wasserman Copyright 2017 Tribune Content Agency