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

Trump and the debt ceiling

According to Politico, Trump is against cutting Social Security and Medicare: Former President Donald Trump issued a warning to Republican lawmakers on Friday: Don’t lay a finger on entitlement programs as part of the debt ceiling showdown with the White House. “Under no circumstances should Republicans vote to cut a single penny from Medicare or […]

If GOP Wins Either House Of Congress, Dems Must Kill the Debt Ceiling

If GOP Wins Either House Of Congress, Dems Must Kill Debt Ceiling  If it comes to pass and especially if the GOP takes both houses, presumably Democrats will be able to kill the debt ceiling in the lame duck session. This assumes Manchin and Sinema stick with them on it, which one of them might […]

Not even a Fig Leaf

Senate Republicans are being dispicable as usual. They manage to combine bad intent and pathetic incompetence in a display which must delight all right thinking people. The issue is the debt ceiling. For months Mitch McConnell has asserted both that the debt ceiling shall and must be raised and that he plans to blame Democrats […]

Do investors really not get it regarding US paying it’s debt?

A question has been nagging me. First, does the rest of the world not get that the republicans are playing a game with the US’ bank account? Does anyone really believe that the US won’t pay as in the renter just skipped out the back door? Or maybe I should say; as in the capital […]

My answer to the question, “So is Brian Williams really an idiot, or does he just play one on TV?”

In the Comments thread to my post yesterday about a comment that Brian Williams made the day before indicating that he apparently does not know what “the debt ceiling” actually means, reader SW asked: “So, is he really an idiot or does he just play one on the tv?” I answered: I hadn’t thought of […]

Oh, do tell us, Rep. Ryan, what exactly you think our spending priorities should be in order to avoid default if the debt ceiling isn’t increased. Pleeease.

Oh, do tell us, Rep. Ryan, what exactly you think our spending priorities should be in order to avoid default if the debt ceiling isn’t increased.  Pleeease.   Might they be similar to the priorities of the National Review’s editors?

Apparently, the National Review’s Editors Plan to Swear Off Flying. And Eating Farm Products. And Want to Force the Rest of Us To, Too.

Today, in another step forward, the National Review calls on Republicans to take the threat of default off the table: Republicans should recognize that the prospect of default is the Democrats’ chief weapon in their campaign of avoidance. That prospect is not a source of Republican leverage in the debt-ceiling fight; it is the primary […]

What Dana Milbank’s Stunningly Awful Column Today Reveals About the Washington Press Corps – [UPDATED]

Okay.  There’s no way to do justice to Washington Post centerist columnist Dana Milbank’s column today about Obama’s “presser” yesterday by just summarizing it or quoting a sentence or short paragraph from it.  And justice for that column, titled “President Congeniality talks tough,” is what I want. So here are the first six (blessedly short) […]

Obama: "We are not a deadbeat nation." (But the Republicans are a deadbeat party.)

The issue here is whether America pays its bills.  We are not a deadbeat nation.  … This is the United States of America. We can’t manage our affairs in terms of the way we pay our bills? … I don’t think anyone would consider my position unreasonable. — President Obama, today So President Obama does […]