Reprinted from New Economic Perspectives By Michael Hoexter In the “fiscal cliff” negotiations and the subsequent debt limit talks between Obama and the Republican leadership of the House of Representatives, it appears that there will be no “good guys” because the talks and policy framework within which they are operating are at odds with…
Reprinted from New Economic Perspectives Editor’s Note: Here Professor Black likens austerity to the medieval treatment of bloodletting. By William K. Black Everyone now agrees that the so-called “fiscal cliff” is a stupid policy that threatens our economy and our people. Everyone agrees why the “fiscal cliff” is stupid – it inflicts austerity at…
Bob (RL) Crabb made a clever comment following Dean Baker’s article on the economically illiterate “thugs” who propose to gut Social Security and Medicare: So we got into this mess by borrowing money at historically low interest rates in the hope that a speculative yet unsustainable economy would pull us out of the hole,…
Reprinted from Alternet By Sarah Anderson, Scott Klinger Let’s name them and shame them. In poll after poll, the American people say they are far more concerned about the jobs crisis than the “debt crisis.” A powerful coalition of CEOs says they have an answer for both problems. Give us more tax breaks, they say, and…
Reprinted from Tomdispatch.com By Steve Fraser “Debtpocalypse” looms. Depending on who wins out in Washington, we’re told, we will either free fall over the fiscal cliff or take a terrifying slide to the pit at the bottom. Grim as these scenarios might seem, there is something confected about the mise-en-scène, like an un-fun Playland. After all,…