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

Shorter Mitch McConnell: “Zero Social Security COLA Too Generous”

Way to rally the base Turtle Neck! NY Times: No Social Security Raises Even if Medicare Soars WASHINGTON — The 60 million people on Social Security will not receive any cost-of-living increase in their benefits in 2016, the government said Thursday, but because of a quirk in federal law, nearly one-third of Medicare beneficiaries could […]

What is the POINT of this?

WASHINGTON — House Republicans on Tuesday put forward the outline of a response to a Senate proposal that would end the government shutdown and raise the debt limit into next year, but would also make some changes to the health care law. Under their plan, members of Congress and the cabinet would be compelled to […]

A reminder from Obama’s February 2009 speech

By: Daniel Becker In answer to the generic question regarding President Obama’s actions regarding the debt ceiling, I am re-posting this from 2/25/09.  In comments of the original I stated that cutting the deficit by 1/2 seemed to “optimistic” for me.*************************** Ok, here are my basic issues with the substance of President Obama’s speech. First, […]

Screw Austerity, I have a new theme song

by Daniel Becker Being that we’re about to experience austerity because we are convinced we can’t spend money properly such that we actually end up with more after rather than less …  which is very depressing to me and defeatist in presentation, I present my new theme song:  That’s how it goes. I just find […]

Mark Thoma Has Become a Fiery, Liberal Spirit

Mark Thoma joins Dr. Black, putting him one-up on some Liberal Bloggers Who Should Know Better.* Thoma: 1. You have to make the Republicans pay in terms of eroded public support before they will agree to cooperate at all. The president in particular has not played a long-run strategy, the Republicans have, and the results […]

I want spending, I want spending, I WANT SPENDING!

By: Daniel Becker There is some new information from Adam Hersh of Center for American Progress showing what has happened in the states that have followed the conservative economic approach (yes, talking to you Obama, DLC, Clintonites).  Keep cutting at your own risk. Here’s the thing.  Like the Wile E Coyote, we seem to have […]

There’s a reason they talk about 2 August: What the Republican Mainstream Hath Wrought

Reuters reports that the mainstream Republican Party has decided to jump the shark admit it is insane: David Frum, a former speechwriter for President George W. Bush and a Republican advocate for raising the debt limit, said he holds regular question-and-answer sessions with Republican congressman over a beer. “I have yet to meet one Republican […]

Social Security & the Debt Limit

{Crossposted from dKos Social Security Defenders Group} Social Security has been off the radar this week for obvious reasons, progressives being more focused on efforts of Republicans to win the War on Women via the Continuing Resolution. Plus while Paul Ryan’s original Roadmap proposed privatization of Social Security his Budget proposal for next year left […]