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

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 […]

Rep. Greg Walden (R. OR) Explains the Debt Ceiling. Good For Him!

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 […]

Call This Spade a Spade: The ‘DEADBEAT’ Threat. I.e., Deadbeatism.

[I]sn’t it paramount the president explain to the public what the debt ceiling issue actually is, rather than allowing the Republicans to keep misinforming the public that it’s an increase in budget allocations rather than a payment for budget allocations already made?  This quirk in the law–the requirement that Congress authorize payment of costs already […]

The Continued Necessity of Explaining to the Public What the Debt Ceiling IS

It’s already clear that Republican congressional leaders now recognize that the Republicans actually have no leverage at all on the debt ceiling matter; they’re not going to pull that trigger, and everyone knows it.  But Obama (or other prominent Dems) still really, really need to explain to the public that the debt ceiling concerns authorization […]