To the American People Do not be fooled when Republicans in Congress start preaching, especially in the middle of a pandemic and economic downtown, that fiscal austerity and taming the national debt are prudent economic strategies for the country. Where has this worry about the debt been for the whole Trump Presidency? Where was it … Read more
Posted by AzBlueMeanie: Ezra Klein clears the fog of Tea-Publican propaganda on the deficit. Obama’s and Bush’s effects on the deficit in one graph – The Washington Post: From the New York Times : What’s also important, but not evident, on this chart is that Obama’s major expenses were temporary — the stimulus is over … Read more
by David Safier The Drinking Liberally crew at the Shanty, 401 East 9th Street (corner of 9th Street & 4th Avenue), will be having its usual gathering this Sunday at 6pm. As always, it's free, and all are invited. The drinking part, of course, is optional. Sunday's topic is "Budgets and Deficits and Debt, Oh … Read more
Posted by AzBlueMeanie: The GOP's "Gimmicks-R-Us" shop that crafted a sunset provision into the Bush tax cuts to get around using the reconciliation process to double the national debt in eight years is coming back to bite them at the end of this year. An expiration of a law is not the same as enacting … Read more
by David Safier Let's see if I've got this straight, because I'm having trouble wrapping my mind around the concept. According to Kyl, deficits are the worst thing that can happen to a country. However, they only become the worst thing that can happen to a country if a Democrat is president. If you increase … Read more