Relevant and even prescient commentary on news, politics and the economy.

In an age of negative partisanship, the best reason to support the Democratic Party is . . . the Republican Party

I think Democrats were probably right to refuse to bail out McCarthy.  The main reason is that this will likely prolong the current shitshow being staged by the House Republicans, which will help Democrats in 2024 by reminding voters just how crazy and exhausting the Republicans are.  The Republicans can’t do this often enough. The […]

The debt ceiling end-game

What should President Biden do if Republicans refuse to raise the debt ceiling?  What should he say he will do, in advance, to avoid a catastrophe and gain leverage in negotiations?  The answer to these questions is far from clear. Krugman and Klein on unorthodox legal strategies Paul Krugman argues that the administration should do […]

Why are so many long-shot Republicans running against Trump?

As of today, Trump seems well-positioned to win the Republican nomination.  The basic dynamic is familiar from 2016 – Trump has a strong base of committed supporters, the opposition will likely be divided, and many Republican primaries are winner-take-all or winner-take-most.  Couple this with the bump in support Trump got after his indictment in NY, […]

Trump, the road to serfdom, and the debt ceiling

During last night’s CNN “town hall” fiasco Trump had this to say about the debt ceiling: Former President Donald Trump on Wednesday urged Republican lawmakers to let the United States default on its debt if Democrats don’t agree to spending cuts. “I say to the Republicans out there — congressmen, senators — if they don’t […]

How to end the debt ceiling stand-off democratically:  set fiscal policy through elections, not hostage taking

The Biden administration and congressional Democrats have so far refused to negotiate with House Republicans over spending cuts to resolve the looming debt ceiling crisis.  This tactic has successfully pressured Republicans into passing a bill with unpopular spending cuts that Democrats will quite rightly use to their advantage in the upcoming election.  But now that […]

Democrats, let’s turn the debt ceiling standoff into a referendum on Social Security, Medicare, and Medicaid

President Biden has so far insisted he will not negotiate over the debt ceiling.  This makes sense on one level.  The Republicans are threatening to blow up the economy to get the Democrats to agree to – and share the blame for – unpopular budget cuts.  It is easy to see why Democrats want to […]