Bob Woodward, the legendary Watergate reporter turned reliable chronicler of insider accounts of political events, has made a series of bizarre assertions over the past week. — Matthew Yglesias, Bob Woodward Trolls the World, Slate, today Yglesias then summarizes last weekend’s exciting Woodward-related events, and then updates us: Things moved into the absurd Wednesday night […]
Guest post by Joseph White, Case Western Reserve University and Department Chair andDirector of the Center for Policy Studies and reposted from Scholar Strategy Network: HOW DID WE GET HERE? THE ROOTS OF DEFICIT BRINKSMANSHIP March 2013 brings yet another in an endless series of budget showdowns in Washington DC. This time, draconian “sequestration” spending cuts […]
[O]ne thing Americans simply will not accept is another tax increase to replace spending reductions we already agreed to. — Senate Minority Leader Mitch McConnell, yesterday He’s right, of course, since, by “Americans,” he means the roughly 278 Americans who comprise the House and Senate Republican caucuses. As Greg Sargent points out this morning, […]
Translated Jiminy Crickets. Really translated. Man, covering this Grillo dude is a full time job. I figured I should check what he said today. He has a new idea — Prime Minister Grillo so since the election (monday) he’s said 1) “Niente inciuci.” Translated: “No deals.” Really translated “The old discredited parties have to form […]
Via Crooks and Liars comes notice of this proposal for corporate/business voting right and elected official in municipal elections, except for school elections (hat tip Dan B.): Rep. Steve Lavin has introduced HB485, A BILL FOR AN ACT ENTITLED: “AN ACT REVISING ELIGIBILITY TO VOTE IN MUNICIPAL ELECTIONS AND TO FILE FOR CANDIDACY FOR MUNICIPAL ELECTED […]
Prof Barkley Rosser at Econospeak also asks questions on the freaking out over the fiscal deficit numbers: Only 6% Of Public Knows Deficit Is Declining Yes, here we go again, massive public ignorance post # I forget how many. This has been floating around out there for awhile but was on Rachel Maddow last night, […]
by Linda Beale Senate Confirms Lew at Treasury The US Senate confirmed Jacob Lew as Treasury secretary by a 71 to 26 vote (with 20 Republicans voting with Democrats) late Wednesday. See Jeremy Peters,Senate, in a more affable mode, backs Treasury nominee, New York Times (Sept. 27, 2013). I’ve covered my reservations about Jack Lew […]
Via Bloomberg comes this snippet from testimony between Senator Warren and Ben Bernanke. Follow the link as the embed does not seem to work. Partial Transcript via Global Economic Trends Warren: These big financial institutions are getting cheaper borrowing to the tune of $83 billion in a single year, simply because people believe government would […]
I watched Dr. Wolff (Professor emeritus, UMass) on this past week episode with Bill Moyers. At the end of this show, Mr. Moyers invited the viewers to submit questions to Dr. Wolf who has agreed to return in a couple of weeks to answer them. Here is he with an interview by Julianna Forlano of […]
If Asymptosis has any tiny claim to any important influence, it might be that anonymous and magisterial commenter JKH used the comments section here to first bruit his insight (both tautological and profound) that S = I + (S – I). He revisited that construct and concept again recently, and I’ll leave it to you […]