Debt_and_Deficit

Is the Sequester a Tea Party Plot?

March 1, 2013 (Posted by) Don Pelton Comments 1 comment

Reprinted from robertreich.org By Robert Reich Imagine a plot to undermine the government of the United States, to destroy much of its capacity to do the public’s business, and to sow distrust among the population. Imagine further that the plotters infiltrate Congress and state governments, reshape their districts to give them disproportionate influence in…

Why Can’t the U.S. Just “Print” All the Money It Needs?

January 19, 2013 (Posted by) Don Pelton Comments 0 Comment

Why can’t the U.S. just “print” all the money it needs? It can. It just can’t print all the money it doesn’t need. In other words, the constraints on the ability of a government that is the issuer of its own sovereign currency (like the U.S. but unlike Greece, for instance) are not monetary…