Here’s One Way Out of the Debt Ceiling Impasse

By: Francis Cianfrocca (Diary)  |  July 19th at 09:57 AM  | 

Ok, let’s look at both the politics and the economics of this issue. The underlying politics is as follows: the American people are sick and tired of deficit spending. The pundits are completely wrong when they downplay this issue, because deficits are FAR worse now than they ever have been in peacetime (10+% of GDP). And they got far worse at almost the exact moment | Read More »

The US Senate Can Make Obama Into Nero

By: Repair_Man_Jack (Diary)  |  July 13th at 12:30 PM  | 

Anyone who is not in power in American politics fears the potential havoc that could be wrecked by an Imperial Presidency. Simply by declaring “I am the decider,” George W. Bush put the fear of Dog Almighty into the Godless left. “I won.” Had a similarly galvanizing effect on Conservative opposition to Barack Obama in the United States. While logical people, both Right and Left, | Read More »