by Bruce Webb Well some things are coming clear about the Presidents Deficit Commission. One its Chairmen have made it clear that its business starts and stops with Entitlements, the concerns some Republicans had that this would be Obama’s way of boosting taxes on the General Fund side or slashing military spending have been shown […]
by Bruce Webb Well me neither. I read through the Tri-Committee and HELP Bills and the Senate Finance Committee’s Chairman’s Mark and then both the Pelosi and Reid versions as introduced and followed as best I could the last minute revisions introduced by the Team of Ten but as I type I have yet to […]
by Bruce Webb Whence Teabaggery? Opponents of Health Care Reform vow to keep up their efforts and sweep Republicans to victory in November. But where do they take their stand? Up to now they have been opposing potential legislation that existed mostly in their own imagination: Socialized Medicine, Obamacare, Government Bureaucrats between You and Your […]
by Bruce Webb Well it has been a relatively quiet winter on the Social Security front, but we are fast coming up on what I only half-jokingly call the “Bestest Day of the Year”, the release of the Annual Report of the Trustees of Social Security. The Report has in many recent years come out […]
by Bruce Webb There has been a scattering of stories about how China has slowed or stopped buying U.S. Treasuries. This story offers a possible explanation LA Times: China’s investments in U.S. up sharply Beijing is using its accumulation of billions of American dollars to step up its investments around the globe. In the last […]
by Bruce Webb Well I doubt that will be the slogan on the signs at the next Teabag Rally but it is an accurate summation of Rep. Paul Ryan’s Roadmap to America’s Future tax reform plan. From the website (bolding mine): This plan discards a needlessly complex and manipulative tax code, replacing it with a […]
by Bruce Webb The immediate economic/political news this week will revolve around Health Care and then transition to Jobs. Which is a good thing because I could really use a job with health care benefits. But Social Security blogging is what I do so here is a piece on the various ways in which Social […]
by Bruce Webb I’ll let the other Bears comment on this one. I just thought the graphic useful. As always click to enlarge. For table plus footnotes click the link.Major Foreign Holders of U.S. Treasuries
by Bruce Webb (UPDATE: Digby readers, I want to make it clear that I am not NewDealDemocrat, I just got permission to cross-post this important compilation from NDD.) Blog friend NewDealDemocrat has a recommended diary up on dKos called Mr. President, No Real Democrat is agnostic about Social Security. NewDeal gave me an advance look […]
by Bruce Webb It is a very common trope among the Right to claim that Obama is a Socialist. For Progressives with any awareness of modern history and politics this seems ludicrous, it is hard to see that Obama is even committed to the principles of the New Deal, still less the second coming of […]