Deficit


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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Joseph M. Firestone's picture

Proof Platinum Coin Seigniorage: A Political Game Changer for Progressives!

Now that a debt ceiling deal has ended the immediate crisis, the attention being given to the President's options, in case there was no deal on the debt, will fade into the background, and most of the options offered to get past the debt ceiling won't be discusse more »

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Coin Seigniorage and Inflation

neweconomicperspectives.blogspot.com — This post by Scott Fullwiler is the definitive post on how proof platinum coin seigniorage (PPCS) relates to inflation.

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Joseph M. Firestone's picture

Progressives in Congress: Vote for the President to Do It!

Today the MSM question of the morning for Congressional Progressive Caucus members is a variant of this:

“Which is worse, voting for a debt ceiling increase bill that doesn't raise any revenue and that will lead to major cuts in discretionary programs, and in entitlements including Social Security, Medicare, and Medicaid, or voting to defeat a bill that does that and causing the more »

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Dave Johnson's picture

The People's Budget Balances The Budget -- Why Isn't It Part Of These "Deficit" Talks?

The Congress is fighting over how to cut the 10-year deficit, and this fight is at the edge of putting the country into default. more »

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Joseph M. Firestone's picture

What If a Debt Limit Extension is Voted Down?

(Thanks to DailyKos commenter 2laneIA for suggesting this post and the title)

It's only a few days now until August 2nd. Perhaps a compromise on lifting the debt ceiling will be reached before then. Perhaps none will be reached. Perhaps the President will veto a compromise if it doesn't extend the ceiling sufficiently to support deficit spending until after the 2012 elections. more »

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Joseph M. Firestone's picture

The President's Address on the Debt Ceiling: An Exercise in Fantasy

Many people have been, deservedly, very quick to jump on John Boehner for the lies he told in answering the President's Address; but they have been a lot less anxious to lay out the lies or at least falsehoods told or implied by the President, himself. I don't intend to excuse the Speaker's lies or the Speaker, by showing that the President doesn't have clean hands. more »

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Dave Johnson's picture

Think Default Threat is a Yawn? The FAA Is Still Shut Down

Washington is engaged in one more Chicken Little game of chicken. "The sky is falling" they cry, whipping up the fear and panic, demanding we solve the latest "crisis" by cutting taxes for the rich, cutting the things We, the People do for each other, and handing over even more of our common wealth to the already-wealthy few. more »

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