Alan Simpson and Erskine Bowles, the co-chairs of the President’s National Commission on Fiscal Responsibility and Reform issued a 50-page draft proposal a few days ago, outlining what they’d recommend that we do to reign in government spending and significantly cut the nation’s deficit. They maintain that their proposal, which cuts military spending, reforms the […]
Tag Archives: Paul Krugman
Considering the suggestions of the Commission on Fiscal Responsibility and Reform
Are corporations people? And is it their birthright to buy elections?
Continuing our conversation from a few days ago on corporate personhood, I thought that I’d pass along this new video from Harvard Law professor Lawrence Lessig’s organization Fix Congress First. The piece is entitled, “Are corporations people?” And, speaking of the stranglehold that corporations have on the American electorate, did you happen to see that […]
Matt Taibbi and Paul Krugmann on the Economy
For the most part, I’ve been willing to give Obama the benefit of the doubt concerning his handling of the economy. My assumption up until now has been that he knows that, in the long run, several substantive changes need to be made to the system, but, right now, all he cares about is avoiding […]
Modern day Hoovervilles
I wanted to do a huge, comprehensive post on the tent cities which are cropping up all across America, as more and more people find themselves out of work and unable to afford traditional housing now that our economy has fallen off the proverbial cliff. To be quite honest, however, I’m not up to the […]
Richard Florida and the reshaping of America
In the new March issue of the Atlantic, Richard Florida ponders how our current financial crisis may reshape America. Regardless of what you might think of Florida and his academic research, it’s a question worth considering. Given what we know about demographics and trends, which regions of the United States are most likely to weather […]