Deficits

West Virginia Sen. Joe Manchin just cooked the planet. I don't mean that in a metaphorical sense. I mean that literally. Unless Manchin changes his negotiating position dramatically soon, he will be remembered as the man who, when the moment of decision came, chose to condemn virtually every living creature on Earth...

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  • Avatar of Pakalolo
  • October 3, 2021
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Former President Trump ordered the Pentagon to release all of its information on “unidentified aerial phenomena” (UAP) within 18 days in his last coronavirus relief bill in December 2020. More inexplicable sightings of unidentified flying objects (UFOs) will be released for public scrutiny in June — including a UFO that broke...

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  • Avatar of annieli
  • May 29, 2021

Rep. Kevin Brady (R-TX) did not expect the pushback he got from Chuck Todd so he died and then changed the subject. The damage was already done. Chuck Todd challenges the lying Rep. Kevin Brady See full episodes here. Chuck Todd surprised many once again as he challenged Texas Republican Congressman Kevin...

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  • Avatar of Egberto Willies
  • May 1, 2021

More attention should be paid to an economy that might be in trouble this summer especially as there will be something, something military that will require US attention somewhere, somewhere. That increased military activity might distract from finally indicting the previous guy, who apparently allowed the Chinese economy to become #1...

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  • Avatar of annieli
  • April 12, 2021

After Sean Spicer, Sarah Huckabee Sanders, Stephanie Grisham, and Kayleigh McEnany, anyone or anything would have been an upgrade as press secretary. A wheel of Gorgonzola with a Furby chip jammed into it would have been better. But, luckily, we did much better. Biden’s first press secretary, Jen Psaki, is knowledgeable,...

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  • Avatar of Aldous Pennyfarthing
  • March 13, 2021

M-i-c-k-e-y, Why because we like it. M-M-MMT. “We collectively decide just what counts as a resource, economic base, or productive work.” OTOH, it could all be trippin’ on bong hits. The superlative science fiction writer Kim Stanley Robinson’s latest novel, The Ministry For The Future, is essentially about using MMT to...

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  • Avatar of annieli
  • January 2, 2021

Yeah, you knew this was coming. And it’s here — until the economy is drowned in a kiddie pool full of crocodile tears or a Republican is back in the White House, whichever comes first! x GOP Sen. Rick Scott today on Fox Business: “We're at $27 trillion worth of debt....

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  • Avatar of Aldous Pennyfarthing
  • December 17, 2020

Our healthcare system is a disgrace. Unfortunately, too many believe we are stuck with it. Is that what you believe as well? Until most Americans realize that we are in the same boat, we will continue to get policies that fail us all. The leaders of our economic system strategically...

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  • Avatar of Egberto Willies
  • November 17, 2020

Some good news today out of Minnesota courtesy of PPP’s latest poll: Biden gets 52% to 44% for Donald Trump. Trump has a -9 net favorability rating, with 44% of voters approving of the job he’s doing to 53% who disapprove. Biden led 52-42 on our last public poll of...

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  • Avatar of Sam Sero
  • September 4, 2020

Remember when Donald Trump vowed to eliminate the entire national debt in eight years? And when he promised “4, 5, or even 6 percent” GDP growth? Well, keep those promises in your back pocket, because you’re not going to effing believe this.  Fox Business: President Trump on Wednesday touted his plan to...

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  • Avatar of Aldous Pennyfarthing
  • August 13, 2020

Fortunately, Trump has telegraphed one of his tactical options to remain in power. x For nearly 90 years, the Constitution has contained a built-in safeguard against presidents who try to retain power beyond the end of their term: presidential power automatically passes to the House Speaker at noon on January...

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  • Avatar of annieli
  • July 31, 2020

Judy Shelton’s candidacy for a seat on the Fed was approved in a party-line vote in the Senate Banking committee on Tuesday. All 12 Democrats on the Senate Banking Committee opposed Shelton’s nomination, making the GOP Senate majority potentially putting the 2016 Trump campaign advisor’s retrograde views onto the Fed.  Because in a...

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  • Avatar of annieli
  • July 22, 2020

from the perspective of someone who has taught every grade from 7 through 12, in public, charter, and private (both religious and secular) schools.  CLASSROOMS —  It is impossible in most schools to have 6 foot between students. Last year I had up to 30 seniors in a room at...

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  • Avatar of teacherken
  • July 9, 2020

“My worry is that we have millions of people with COVID-19 now. And if in a year's time we have 10 million recovered people, and those people have cognitive deficits … then that's going to affect their ability to work and their ability to go about activities of daily living.” Dr....

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  • Avatar of Pakalolo
  • July 8, 2020

Trump will do anything to win, but when he loses, more likely will spend the time between election day and inauguration day on revenge and pardons. x Trump's Presidency Is About to Enter Chapter 11 || By: Nicholas Grossman https://t.co/wS8wYfzHLN — SafetyPin-Daily (@SafetyPinDaily) July 7, 2020 (1)   Cheat Trump never...

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  • Avatar of annieli
  • July 7, 2020

“We have to be aware that climate change and biodiversity loss are stress factors for ecosystems, for humans, for animals, and for the microbiome. Our research shows that if the different axes of the disease pyramid are destabilized, new infectious diseases can be expected, including for humans.” Dirk Schmeller, Université de...

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  • Avatar of Pakalolo
  • June 30, 2020
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Modern Monetary Theory (MMT) can (but not will) save the US economy. What with the White House Council of Economic Advisors now reduced to one economist, it’s worth noting that one of their econometric models (Hassett) influenced the prediction that COVID-19 infections in the US would go to zero by...

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  • Avatar of annieli
  • June 28, 2020

Antifa still hasn’t taken over Seattle as much as Trump might wish it, since Boeing is still not the #CHAZ state airplane company, nor has Amazon been nationalized. Trump’s alternate reality imagines some radical left left over from Nixon’s paranoia and Reagan’s red-baiting. x Does anyone notice how little the Radical...

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  • Avatar of annieli
  • June 14, 2020
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Good: In a meeting with black Wilmington leaders Monday, Joe Biden said he will create a police oversight board in the first 100 days of his presidency.   The former vice president and presumed Democratic presidential nominee met with about a dozen community leaders at Bethel AME Church in Wilmington,...

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  • Avatar of Sam Sero
  • June 1, 2020

Kudos to Dan Desai Martin at The American independent for highlighting this: Sen. Martha McSally (R-AZ) did not attend a Senate hearing Tuesday on the federal government's coronavirus response so she could take a trip on Air Force One with Donald Trump. The Senate Banking Committee, of which McSally is...

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  • Avatar of Sam Sero
  • May 11, 2020

Wow: Martha McSally has the solution for Arizona cities that have seen a gaping hole blown in their budgets because of the coronavirus pandemic: Sit tight and hope that the federal government loosens the strings on a too-small pot of money that you can’t access. What she definitely doesn’t have...

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  • Avatar of Sam Sero
  • May 7, 2020

National Editor of the Cook Political Report appeared on Meet The Press with Chuck Todd with some salient words on Joe Biden winning the presidency. Biden must make a break out lest he won’t win Watch the entire episode here. If Joe Biden is to win, he will have to have a...

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  • Avatar of Egberto Willies
  • May 3, 2020

Below is a collection of things that I’ve been saving up — including the problems of CV-19, MMT, neoliberalism, and other things relating pandemics to the economy. If there’s a point to this selection it is to remind ourselves what will happen in 2021 with Larry Summers now advising the Biden...

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  • Avatar of annieli
  • April 26, 2020

Live Blog below 5:00* PM EDT (*rarely starts on time) Members of the Coronavirus Task Force Hold a Press Briefing The White House Fauci says U.S. will have coronavirus in the fall after Trump says it might not come back x We are shockingly far from having anything close to...

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  • Avatar of annieli
  • April 22, 2020

Six years before he was outed as the Coronavirus equivalent of a war profiteer, Republican Senator Richard Burr (R-NC) summed up the GOP’s health care plan. “The American system has access to healthcare for everybody,” Burr said, “It's called the emergency room.” Of course, that go-to Republican ER talking point...

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  • Avatar of Jon Perr
  • March 29, 2020

Trump’s economy is only the sixth best of the last ten presidents, and Trump has squandered the growth created in the previous administration as he has never achieved his promised annual growth, manufacturing is in recession, and the deficit is massive.  x Best economy ever? Not really. Judged by growth...

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  • Avatar of annieli
  • February 19, 2020

Rebranding a Trump economy is more than slapping a new paint job on Air Force One. Trump took a strong economy and weakened it. x It’s “not fashionable in progressive circles” because progressives are rejecting the bogus arguments about debt and deficits that have been used to undermine the progressive...

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  • Avatar of annieli
  • February 9, 2020

Before you start throwing out accusations of violating site rules about using Republican talking points, hear me out.  I am providing this link to an opinion piece from the Murdoch owned Wall Street Journal on the public option as a preview of incomming fire from Republicans for 2020.  I am...

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  • Avatar of Merlin1963
  • January 24, 2020

Killing the social safety net is the wet dream for the GOP and while Trump will not mention it in 2020, there is evidence that he’s made that second-term promise to the GOP. It’s the same playbook we’ve seen — raise deficits and loot the treasury with things like that upper-class...

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  • Avatar of annieli
  • January 12, 2020

2020 will continue Trump’s lying and incessant touting about an economy that has underperformed with the growth given him by PBO. Numbers artificially propped up by deficits and tax cuts will result in a potentially catastrophic and looming recession. Trump’s “trade war” has contributed to global slowing. With the new year...

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  • Avatar of annieli
  • December 28, 2019

How so tried are we of the crap coming from the Orange Emperor IMPOTUS. As the House voted on articles of impeachment against President Trump this week, US stocks climbed despite the President’s warning that “they would crash.” x If they actually did this the markets would crash. Do you think it...

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  • Avatar of annieli
  • December 22, 2019

Pete Buttigieg, the current Democratic Party’s forced star, spent time lying about the Democratic Party as he used GOP talking points to describe the party’s stance on deficits. Pete Buttigieg false statement on Democrats and deficits “My party’s not known for worrying about deficits and the debt too much,” Pete...

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  • Avatar of Egberto Willies
  • December 6, 2019

I try really hard not to scream when I hear, “the both sides do it” argument, that is usually offered up by Republicans, whenever trouble strikes.  They pull out, “but what about…” instead of admitting a problem exist. Even as kids, we learned the folly of, “if Billy jumps off...

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  • Avatar of @ReasonaBill
  • September 20, 2019

Among other things, Donald Trump will go down in history as the “everyone could have predicted” president. That is, it’s not just that the 45th president of the United States has failed to deliver on pretty much every promise that he made to the American people; it’s that the fact that Trump’s guarantees...

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  • Avatar of Jon Perr
  • September 15, 2019

With the unemployment rate still at 3.7% and GDP growth at 2.0%, the American economy remains solid, if not spectacular. But with more warning lights flashing yellow, Team Trump is growing more concerned about the direction of the so-called best economy ever just as the 2020 election heats up. The president and...

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  • Avatar of Jon Perr
  • September 8, 2019

Nobel Prize winner and New York Times columnist Paul Krugman skewered his own newspaper’s silly coverage of the now totally irrelevant tea party movement today in a series of pull-no-punches tweets: x Academic research confirms the obvious. The idea that the Tea Party had something to do with notions of fiscal responsibility...

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  • Avatar of Aldous Pennyfarthing
  • August 28, 2019

As Donald Trump’s bragging about the economy reached a crescendo last fall, former Obama White House communications director Jen Psaki provided a helpful reality check for the American people. “A buffoon could have kept the recovery going,” Psaki explained, “and in fact one has so far.” That Trump had inherited...

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  • Avatar of Jon Perr
  • August 25, 2019

Not counting his die hard dead-enders, everyone can see that Donald Trump is in big reelection trouble. The one thing keeping Trump afloat—the economy he inherited from President Obama—has been sabotaged with Trump’s own reckless trade wars and his trillion dollar deficits. Meanwhile, Trump’s obvious mental deterioration has just made his erratic behavior...

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  • Avatar of SemDem
  • August 24, 2019

Alaska's temperate rainforest is in a historic drought. The climate crisis is known to alter the Globe's rainfall patterns. The city of Anchorage was carved out of the rainforest known as Chugach. The Chugach rainforest forms a great arc around Prince William Sound and the Gulf of Alaska.  Warming temperatures...

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  • Avatar of Pakalolo
  • August 23, 2019

I had an argument a few weeks ago over Nazis. Not the ones that marched for Trump in Portland: I’m talking the original version from the 1930s. The argument—which I couldn’t believe I was having, but I guess is a thing now in certain circles—was whether all Nazis back then were evil. ...

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  • Avatar of SemDem
  • August 19, 2019

Presidential candidate Donald Trump made a lot of promises on his way to the White House. Most ranged from the outright laughable to the literally impossible. Predictably, very few of Trump’s guarantees came to pass. He did not “build a wall” and have Mexico pay for it. President Trump did...

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  • Avatar of Jon Perr
  • August 18, 2019

We’re already running huge deficits during flush times for the U.S. economy — contrary to common sense and the advice of every reputable economist on the planet — but that shouldn’t stop us from delivering even more windfalls for the super-rich! Right? That’s what Ted Cruz seems to think, anyway. ...

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  • Avatar of Aldous Pennyfarthing
  • August 3, 2019

In the middle of the Obama years, Alisyn Camerota worked at Fox News, dodging falafels, loofahs, fatally toxic Hannity-lizard-spittle and, no doubt, Brian Kilmeade roaring down the hallways on his Big Wheel whenever he smelled pigs in a blanket cooking in the commissary. In fact, she briefly co-hosted Fox & Friends, which is the...

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  • Avatar of Aldous Pennyfarthing
  • July 24, 2019

‘Don’t cheat on your wife. Don’t cheat on anything. Be a good person. Set a good example.’-Paul Ryan. The preceding quote was a reported candid criticism from the book, American Carnage: On the Front Lines of the Republican Civil War and the Rise of President Trump by Tim Alberta. My...

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  • Avatar of @ReasonaBill
  • July 12, 2019

Imagine you’re in a coffee shop when a man you don’t know sits down uninvited next to you. Scribbling on a napkin and spouting something about “tax cuts pay for themselves,” the man then confidently proclaims: “You really can't collect much money from upper-income people. They know how to get...

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  • Avatar of Jon Perr
  • June 24, 2019

At 11 AM on June 16, 2015, Donald Trump rode down the escalator inside Trump Tower to announce his presidential campaign. With paid actors cheering him on, Trump instantly lied about the size of the crowd as he kicked off a meandering, 45-minute hate speech that was carried live by...

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  • Avatar of EricBoehlert
  • June 16, 2019

So another tax season has come and gone. In this case, that means Americans can render their verdict on the first year of the signature legislative achievement of Donald Trump and his Republican allies in Congress, the Tax Cuts and Jobs Act of 2017. Thus far, the reviews are not kind....

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  • Avatar of Jon Perr
  • May 5, 2019

Zombies have gripped American popular culture for years. In books, television shows, and films, the undead are regularly resurrected for your entertainment. (Even Jane Austen fans were treated to Elizabeth Bennet and Mr. Darcy butchering those from beyond the grave in Pride and Prejudice and Zombies.) But whatever their reanimation...

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  • Avatar of Jon Perr
  • April 28, 2019

When House Ways and Means Committee Chairman Richard Neal of Massachusetts demanded the Internal Revenue Service turn over six years of Donald Trump’s tax returns to his committee, he was doing so with the law fully on his side. As past Treasury Secretary Lawrence Summers, former Joint Committee on Taxation chief...

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  • Avatar of Jon Perr
  • April 14, 2019

For Republicans, the gathering of the American Israel Public Affairs Committee (AIPAC) has become an annual ritual in their hyperbolic effort to peel away Jewish Americans who overwhelmingly give their votes to Democrats. But the GOP brought an extra sense of urgency to last week’s 2019 AIPAC Policy Conference. Less than...

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  • Avatar of Jon Perr
  • March 31, 2019