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

Trump’s Solution to the Treasury Debt: Selling Mortgage-Backed Securities! (For federal lands.)

I would borrow, knowing that if the economy crashed, you could make a deal. — Donald Trump, during CNBC interview, yesterday   BRET BAIER: You’ve been very clear on the stump that you oppose any reform of Medicare, Medicaid, Social Security. Yet you told the Washington Post you would eliminate $20 trillion in U.S. national debt […]

Trump the Debt

Needless to say, Donald Trump has expressed some odd ideas on the US national debt. He has argued that we can’t afford this or that because we are 19 trillion in debt, promised to pay back the debt in 8 years, & asserted that the debt is no big problem (one out of three right […]

How Trump Can Drive the Republican Establishment/1%ers to the Libertarian Party

Lot of angst out there among the Republican Establishment facing the Era of Trump. They are facing a candidate who combines a fatal toxic brew of nativism/racism with economic and foreign policy stances that (to the extent they are even coherent) go against every tenet of Conservative orthodoxy on both sides of the Reagan/Elder Bush […]

Oh FSM! Let your Noodly Appendages Bless Trump-Ernst 2016

Raw Story: Who will be Donald Trump’s running mate? Here are five options Joni Ernst The gun-totin’, Harley-ridin’, pig castratin’ Iowa farm girl burst onto the scene when she won the Iowa senate race in 2014. Ernst has shown no willingness to embrace Trump, but the 45-year-old first-term female senator would be an ideal running […]

Prayer – Science = 0

Yes, it’s okay to talk about climate change right now. The devastating natural disaster in Fort McMurray is “consistent” with climate change. The Fort McMurray wildfire is horrific. Miraculously, no people have been killed, so far. Saying that the unseasonably hot conditions in Alberta are “consistent with” climate change is not to say that they […]

Celebrating the Living, at the Moment

Erik Loomis of LG&M tweeted out that Guy Clark has entered a nursing home and is “stable.” It’s almost surprising he lasted this long. Suzanna, his long-time wife (a songwriter in her own right, who co-wrote “Come From the Heart,” which her husband covered on Old Friends, and “Easy From Now On,” among other classics) […]

The Legacy of Joan Robinson

by Barkley Rosser (originally from Econospeak) The Legacy of Joan Robinson Over a week ago Joan Robinson came up in connection with the ongoing controversy over Gerald Friedman’s analysis of Bernie Sanders’s economic plan.  When criticized for apparent problems with it he declared that those who understand what he is doing are “Joan Robinson economists.”  […]

IRS Scrutiny of 501(c)(3)s

by Linda Beale IRS Scrutiny of 501(c)(3)s As most everybody is aware by now, the IRS has been under considerable strain for a number of years from budget and staff reductions that have left it underfunded, understaffed, and under pressure.  This is part of the right’s effort to “shrink the government to a bathtub and […]