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Fresh Dispatches From The Culture Wars
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Category Archives: deficit spending
Morning Awful: Sluggish Private Hiring
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Share the post “Morning Awful: Sluggish Private Hiring”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailRemember how cutting corporate and high-end personal income taxes to their lowest level in fifty years was going to create bazillions of jobs through the magic power of Laffer curves? Like so much … Continue reading
Posted in deficit spending, Morning Awful
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Budget Blowhards
Share the post “Budget Blowhards”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailSo the House GOP is already breaking that campaign pledge to cut $100 billion in “waste”: On Tuesday, aides to Mr. Ryan and Mr. Boehner blamed Democrats’ failure to pass the regular appropriations bills for fiscal … Continue reading
Posted in deficit spending, republicans suck
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Another 1937
Share the post “Another 1937″FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail Recovery from Depression was going just fine until 1937, when conservatives convinced FDR to cut spending and raise interest rates — not because markets needed the actions, but because they assumed markets would eventually want … Continue reading
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Debt Fearmongery
Share the post “Debt Fearmongery”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail Financial Times takes a look at sovereign debt and concludes: The US does look vulnerable, but given that it has a reserve currency, it can use this to manage its funding problems. Its external debt … Continue reading
Posted in deficit spending, petrodollar
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Wheat-From-Chaff: Deficit Reduction
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Share the post “Wheat-From-Chaff: Deficit Reduction”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail The chaff is settling. If the Democrats cannot muster a 60-vote majority in the Senate then they must pursue majority rule; Evan Bayh has chosen not to take part in that. Meanwhile, the GOP’s … Continue reading
Bipartisanship and Budget Hawking
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Share the post “Bipartisanship and Budget Hawking”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail More 11-Dimensional Chess to drive the left batty: The bipartisan 18-member panel backed by Obama would study the issue for much of the year and, if 14 members agree, report a deficit reduction … Continue reading
Posted in 11-Dimensional Chess, deficit spending
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Exploiting Economic Ignorance
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Share the post “Exploiting Economic Ignorance”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailaTimothy Egan of the New York Times describes the rhetoric of a tea party pundit: Who is Williams? A garden variety demagogue who calls Obama “an Indonesian Muslim turned welfare thug” and the Democratic party … Continue reading
Posted in Culture Wars, deficit spending, Kulturkampf, Producerism, Southern Strategy
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Which Party Is Fiscally Responsible?
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Share the post “Which Party Is Fiscally Responsible?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail Public debt under Reagan was about $200 billion. Under Bush I, it was about $300 billion. Under Bush 2, it skyrocketed to $482 billion — after starting with the $200 billion surplus … Continue reading
Posted in deficit spending, health care reform
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Of Patriots and Taxes
Share the post “Of Patriots and Taxes”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailPatriotism then: Patriotism now:
Selling Iran, Part 3
Share the post “Selling Iran, Part 3″FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail ‘Iran is a crazy country, run by a new Hitler, who is building nuclear weapons to destroy the United States and Israel.’ That is the essence of the White House marketing campaign to … Continue reading
