Note that in this table from 2010 a full fix is 0.6. And that the North West Plan is close to Options 2 and 3.

Paul Krugman: … I get calls. The White House insists that it is absolutely, positively not going to cave or indeed even negotiate over the debt ceiling — that it rejected the coin option as a gesture of strength, as a way to put the onus for avoiding default entirely on the GOP. Truth or […]

by Tom aka Rusty Rustbelt Health Care Thoughts: Electronic Medical Record Meltdown In the past I have predicted the EMR focus of the Obama administration might not work as well as intended. Sadly, and many billions of dollars later, I may be correct.(The New York Times has run many pieces on this, the latest on […]

Either that or he means that the public understands what the debt-ceiling statute actually is, and will never support Congress’s authorization of payment of already-incurred expenses earlier authorized by none other than Congress itself. Obama and the congressional Dems should take the ball Walden has handed them and run with it.Representative Jerrold Nadler, Democrat of […]

by Mike Kimel The Problem with the Second Amendment A well regulated militia, being necessary to the securityof a free state, the right of the people to keep and bear arms, shallnot be infringed. I am no constitutional scholar, or even an attorney, but I did take American History in high school, and it seems to […]

I’ve long been troubled by a Paul Krugman comment from 2008: There’s no obvious reason why consumer demand can’t be sustained by the spending of the upper class — $200 dinners and luxury hotels create jobs, the same way that fast food dinners and Motel 6s do. And I find in his concluding comment from […]

David Zetland writes more on pricing water in relation to energy concerns at Growing Blue: Water, energy and the economy …let’s set aside the issue of environmental water and concentrate on water as a resource that can be used for economic activities. Most resource water is managed, priced and distributed by local monopolies, whether it’s […]

Peter Dorman at Econospeak writes a letter to Bank of America: The Moral Imperative of a Debt Ceiling From this morning’s New York Times: Representative Jerrold Nadler, Democrat of New York, signed on to the trillion-dollar [platinum] coin plan, telling Capital New York: “It sounds silly but it’s absolutely legal. And it would normally not […]

by Linda Beale McConnell Tossing the Gauntlet on Debt, Taxes and the GOP’s dream of dismantling Social Security and Medicare Pretty much as I predicted, Obama’s failure to go over the fiscal cliff–instead “negotiating” and settling for a half-assed deal that hardly got rid of any of the stupidities of the Bush tax cuts–convinced the […]