debt


Leo Gerard's picture

The 1 Percent Indifferent to Their Indebtedness

Most Americans, the 99 percent, feel the pressure of indebtedness. When they owe a friend a buck, their conscience bothers them until they’re square. They pay their bills, working second jobs if necessary. They meet mortgage obligations even when underwater.

That’s why there was a deficit Super Committee. Americans don’t like debt, including bills owed by their government. more »

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Dave Johnson's picture

Five Super-Congress Debt-Cutting Myths

Ten years ago the country was on track to pay off the entire national debt in ... ten years. more »

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Dave Johnson's picture

Ten Years Ago We Were Paying Off The Nation's Debt. But Then We Elected Obama.

Just ten years ago this country was running huge surpluses and paying off its debt. But then we elected Obama and all hell broke loose. more »

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Joseph M. Firestone's picture

Would Congress and the President Try to Cut Federal Spending If . . .?

This one is a message intended for all progressive organizations, especially those who have worked so hard to derail the drive for cuts in Social Security, Medicare, and Medicaid, or are working hard to protect other valuable discretionary programs.

There's another hostage-taking coming in the more »

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Joseph M. Firestone's picture

End the Austerity War Against the People: Mint the Platinum Coin!

How can the President win a victory for the people in the coming hostage-taking over the budget? Here's a scenario! more »

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fake consultant's picture

On Speaking To Power, Or, When Sanity’s Gone, There’s Always Satire

So everybody’s hearing the news, right?

There is a tentative debt ceiling deal, and this Administration and Congressional Democrats seem to have won everything they wanted: Republicans get to have multiple “we don’t approve” votes before 2012 on raising the debt ceiling, there won’t be any new revenue, there’s going to be another “hostage-taking” event around Christmastime, for more »

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Dave Johnson's picture

Taxes Are The Elephant In EVERY Room

Ten years ago we were on a path to paying off the country's debt. In fact, if we had stayed on the same trajectory the debt might be paid off already. But then we cut taxes even more, and raised the military budget even more, and the deficits and resulting debt exploded. more »

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Dave Johnson's picture

Debt-Ceiling Deal's Cuts Could Crash Economy

Negotiating with crazy people is always a bad idea and negotiating with hostage-takers is dangerous. But negotiating with crazy hostage-takers is worse than dangerously bad. The “debt-ceiling” deal being negotiated to keep the economy from being crashed could crash the economy anyway. more »

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Dave Johnson's picture

Debt Crisis? Really?

You think we have a debt crisis now? You should have seen the one Canada had in 1993!!! And just like this one, it was phony, designed to scare people into cutting and privatizing government so the rich can get even richer. more »

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Dave Johnson's picture

Budget Talks: Who Speaks For The American People?

When we hear about the deficits we hear a lot of scare stories, which most "serious" media just echo and amplify. The prevailing "serious" narrative we hear is that we must cut entitlements -- any “serious” budget proposal cuts Medicare and Social Security. Even though they just extended tax cuts for the rich the deficits are the worst problem in the world, ever, so we are supposed to be really scared and give in. Seriously.

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