The government of Ireland can run out of Euros—they make Euros in Frankfurt. And the government of Peru can run out of dollars—they make dollars in Washington. But the government of the United States can’t run out of dollars. The problem we could find ourselves with is the problem of inflation. Problematic inflation is a… Continue reading A European-Style Fiscal Crisis Is Impossible in the United States of America
Juan Williams on Unemployment Insurance
Juan Williams explains how continuing unemployment insurance is hurting the unemployed by keeping them from working and thus losing their work ethic, losing their values and also not dressing well or getting up from bed in the morning and thus not able to get a job From Talking Points Memo Therefore recessions are caused by… Continue reading Juan Williams on Unemployment Insurance
I have nothing to say about the Fed Audit.
Sorry guys.
House Dems Pass Only Middle Class Tax Cut Bill
Using a wily procedural maneuver to tie Republican hands, House Democrats managed to pass, by a vote of 234-188, legislation that will allow the Bush tax cuts benefiting only the wealthiest Americans to expire. From House Dems Pass Only Middle Class Tax Cut Bill Lets see what happens on the Senate side.
If Democrats are the big spenders, why do Republican states get the money?
states with the highest anti-spending sentiment appear to be the largest beneficiaries of government spending. Not only do red states swallow the lion’s share of government spending, but Richardson found a linear relationship between the extent of GOP support in a state—and, by implication, the fervor of its anti-government sentiment—and the amount of federal largesse… Continue reading If Democrats are the big spenders, why do Republican states get the money?
NASA discovers arsenic-born organisms, search for life gets broader parameters
Researchers in Mono Lake, California have discovered a microorganism (pictured) that uses aresnic instead of phosphorous to thrive and reproduce. The latter, as far as human life is concerned, is a buildng block of life along with carbon, hydrogen, nitrogen, oxygen, and sulfur, integral to DNA and RNA. Arsenic, meanwhile, is generally considered toxic to… Continue reading NASA discovers arsenic-born organisms, search for life gets broader parameters
Our Fiscal Security
The following report puts forth a blueprint that invests in America and creates jobs now, while putting the federal budget on a long-term sustainable path. We document the hard choices that need to be made and suggest specific policies that will yield lower deficits and a sustainable debt while preserving essential initiatives and investments. From… Continue reading Our Fiscal Security
The Dickishness Of The GOP
What we’ve observed these past two years is a political party that knows nothing but scorched earth tactics, cannot begin to see any merits in the other party’s arguments, refuses to compromise one inch on anything, and has sought from the very beginning to do nothing but destroy the Obama presidency. I see no other… Continue reading The Dickishness Of The GOP
Defining Structural Unemployment
As far as I can tell, the only economists who believe that we’re suffering largely from a rise in structural unemployment are those who are ideologically committed to the view that the demand side of the economy doesn’t matter — and so by definition, in their universe, any large rise in unemployment must be structural.… Continue reading Defining Structural Unemployment
All we wanted was to be left alone to govern ourselves
the Sons of Confederate Veterans and some of its local chapters are preparing various television commercials that they hope to show next year. “All we wanted was to be left alone to govern ourselves,” says one ad from the group’s Georgia Division. From NYTimes.com Can we reduce the transfer of money from blue states to… Continue reading All we wanted was to be left alone to govern ourselves