debt ceiling

The Invisible Debt Ceiling

Say what you will about the Tea Party – they know how to get their message across. Some of that message is steeped in fear about changes in the United States that are eroding the “natural order” of white people dominating all political, cultural, social, military and other institutions. When a mixed-race inner city politician was elected as president, it was just too much for many older, white Republicans, who decided that Barack Obama was an illegitimate president whose policies simply had to be opposed.

Does America Really Have to Suffer Through Yet Another Congressional Psychodrama?

Congress at the midnight hour has passed a deal to re-open the government and raise the debt ceiling, yet this deal is amazingly short lived.  The political theater has been unbelievable and once again the problem with America's economy is completely irresponsible politics versus external events.  Instead of focusing in on the responsible thing, which of course is to not destroy the United States and global economy, the press is now having a field day with who blinked first in this very dangerous game of political chicken.

It's not the Stupidity, It's the Money Behind the Shutdown Crisis

In This Crisis It's Not Stupidity, It's the Money: Three Relevant Laws

There are three basic laws about discussion, especially political discussion, that are useful in the contentious government situation we have today.  The third of these laws is especially relevant because it warns us that what is happening in Congress is not a passing aberration, but in fact a threat to democracy in our country.

Shut Down!

Our government, especially House Republicans, are such an embarrassment to the nation at this point it is hard to write about it.  The insanity knows no bounds as they continually play a game of chicken with the United States economy in order to get their way, even when these shenanigans are condemned by the American people.

So Much for the Impending Economic Armageddon Federal Budget Deficit

Surprise, when tax revenues increase the deficit goes down.  Such was the news of a new CBO update on the federal budget deficit.

If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, CBO estimates, the smallest shortfall since 2008.

Congress Ushers in 2013 with a Resolution to Push the Economy to the Brink

capital buildingPast the final hour the House finally passed a bill to avert the fiscal cliff. The Senate had passed the legislation in the wee hours of New Years Day and after much brew ha-ha the House allowed an up and down vote on the Senate bill. We have listened to months and months of squabbling, bringing the economy to the brink over a very simple final result that could have been passed months ago.