Blog Archive: August, 2012

Federal Spending Is Not Trapped by the Social Safety Net

August 2, 2012

The nub of Bill Keller's recent essay on why Social Security, Medicare, and Medicaid must be cut is a graph – taken from a report by a group called Third Way – that compares federal “investments” with “entitlements,” showing that one is in decline and the other is on the rise. As a baby more »

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Romney, Republicans Again Side With China Over US Companies

By Dave Johnson

August 2, 2012

China and the US are in a fight to win a share of the millions of jobs and trillions of dollars that will come from the new alternative-energy industries that are gearing up to replace oil and coal. more »

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Progressive Breakfast

By Bill Scher

August 2, 2012

On the menu this morning

MORNING MESSAGE: White House Can Help Homeowners Right Now
GOP Votes To Raise Taxes On Middle Class
Tea Party Win May Mean More Obstruction
Romney Threatens Wind Power Jobs
Fed Inches Toward Stimulus

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"F" the Bureaucracy! The White House Can Help Homeowners Right Now

By Richard (RJ) Eskow

August 2, 2012

Is a little-known bureaucrat named Edward DeMarco an unreasonable, ideological obstructionist who's blocking badly-needed homeowner relief? The White House says he is. So does Paul Krugman. Some of us having been harping on the subject for months. more »

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Huckleberry Graham's Grown-Up Con

By Digby

August 1, 2012

Everybody's all excited because Huckleberry Graham is being a grown-up:

Sen. Lindsey Graham (R-S.C.) on Tuesday urged Mitt Romney to embrace revenues as part of a plan to stave off the automatic spending cuts set to take effect next year. more »

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The CPC "Deal for All" Takes The People's Side In Upcoming "Grand Bargain" fight

By Dave Johnson

August 1, 2012

Protect Social Security and Medicare, raise taxes on the wealthiest, create middle class jobs -- who could be against those things? more »

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CR Deal: Just Kicking The Fiscal Cliff Down The Road?

By Stan Collender

August 1, 2012

Originally posted at Capital Gains and Games.

Let me start by stating for the record that, while it would have been extremely entertaining to have a government shutdown a month before the 2012 election, the deal for a six-month continuing resolution kind of/sort of announced yesterday by Senate Majority Leader Harry Reid (D-NV) and House Speaker John Boehner (R-OH) and blessed later in the day by the White House is a good thing for the economy, financial markets, investors, business, and the country as a whole.

It may not be good for the tea party, but I'm more that okay with that.

Having said that, there are several points that need to be raised. more »

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