I don’t have a lot of time, as I’ve got a hot date planned, but I wanted to add a few things to the very fruitful discussion we started last night on the subject of the debt ceiling “compromise”. Following are a few of the more insightful quotes that I found on the subject this […]
Tag Archives: national debt
A few more thoughts on the debt ceiling “compromise”
A deal on the debt ceiling looks imminent, but is it any good?
It looks like our elected leaders in Washington may have finally struck a deal that would see the federal debt ceiling raised, thereby averting a situation with America’s credit rating… which would have, by the way, likely hit us all pretty hard in the pocketbook. Here, with more on that, is a quote from Obama […]
Playing chicken with the Republicans over the Debt Ceiling
It looks as though President Obama has endorsed Senate Majority Leader Harry Reid’s debt-ceiling proposal, which, according to the White House, would cut government spending by $2.7 trillion and increase the federal borrowing limit through 2012. It would seem that Democrats, in spite of the fact that they control the White House and Senate, have […]
The takeover of America by the super-wealthy
This brilliant explanation by former Labor Secretary Robert Reich, as to what’s really been going on in America, economically speaking, has been going around the internet for the past few days. I suspect that most of you have already seen it, but I thought that I should put it up here on the front page, […]
The U.S. national debt would be sustainable without the Bush tax breaks for the wealthy
We’ve said it before, but it bears repeating… The following comes from a new report by our friends at Think Progress: Ten years ago today, the first round of Bush tax cuts became law. But what if they hadn’t? What would our fiscal situation look like if history had been different in just one respect: […]