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Tag Archives: Deficits

Do Deficits Matter?

Given all the screaming going on that Obama is increasing the national debt, it is enlightening to see that the independent Committee for a Responsible Federal Budget released a study today that estimates that the economic plans proposed by Newt Gingrich, Rick Santorum, and Mitt Romney would increase the debt by between $250 billion and [...]

The Party of Big Government

I’ve often wondered why nobody calls out the Republican party for claiming to be the party of small government. It isn’t like there isn’t plenty of data to refute this claim. We have long known that the federal deficit has increased dramatically more under Republican presidents than Democratic ones, but Republicans could just claim that [...]

Debtpocalypse, the Sequel?

© Tom Tomorrow I guess the big question is, do you think Obama compromised too easily? Or did he do what he needed to do to save the country from defaulting? Although I have some sympathy for the former position, which is fairly popular with pundits (including Tom Tomorrow), I have to ask them, what [...]

Who’s the Turkey Now?

© Glenn McCoy I’m not completely sure what this comic means, but it made me laugh nonetheless.

War of the Financial Worlds

Is anyone else suspicious about the S&P downgrading the US credit rating (for the first time in modern history)? Their decision is clearly all about politics. They even said that they weren’t downgrading the US government’s debt as much as they were downgrading the US government because they don’t like it. Is this the banking [...]

The Not-So-Fine Art of Backpedaling

Who says you can’t have it both ways? After spending the last few months insisting that we drastically cut all social programs (like Medicare, Social Security, etc.), the Republicans have figured out that voters might not like that very much. So I guess it is no surprise that now that the debt ceiling deal is [...]

Staggering Compromise

I can’t help it. I’m posting too many clips from Jon Stewart, but he seems to be the last sane person standing during the debt ceiling debacle:

If Only

© Jen Sorensen How did the world end up upside-down?

Keith Olbermann Extra Special Rant

I haven’t posted anything by Keith Olbermann for a while, but this rant of his on the debt compromise is really good:

The Tea Party is Upset that Government Still Exists

This is who Obama Is

James Warren has an excellent article in The Atlantic “Get Over It: This Is Who Obama Is“, which provides a reality check for those who are mad at Obama about the debt ceiling deal (even though it was written before the deal was done). Those people (I’m looking at you, progressives) who are angry at [...]

Negotiating with the Devil

[This post was written by David Freeman, one of our readers, about the Debt Ceiling compromise.] The Three Compromises That Proved It Is Folly To Negotiate With The Devil The Compromise of 1790 prevented (for a time) Civil War. The Compromise of 1820 (The Missouri Compromise) again delayed Civil War. The Compromise of 1850 delayed [...]

Wrong

This pretty much sums up what the world thinks of us right now: © KAL

Chicken

© Steve Breen Are the bookies taking bets yet on whether the US will default? I’m not sure I see a way to an agreement in time.

You can’t make up comedy like this

Jon Stewart demonstrates that the debt ceiling debate has gotten so utterly and unbelievably bizarre, that only a comedy show has any chance at all of giving it the coverage it so clearly deserves: