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Tag Archives: Deficits

A Financial Crisis By Any Other Name

© Tom Tomorrow Sometimes when I read about the latest shenanigans in Congress, I feel like an alien. Is this really how we look to the rest of the world? UPDATE: Paul Krugman has an excellent editorial about how the Republican Party has been acting crazy for a long time. And the current insanity is […]

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Jon Stewart Explains the Deficit Negotiations

To give you an idea of how far out of step with reality the Congressional Republicans who are demanding that we balance the budget with no tax increases are, a new Gallup poll shows that only 28% of all Republicans think that the deficit should be reduced only with budget cuts. Large majorities think we […]

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No-Brainer v. No Brains

Conservative David Brooks points out that the Republicans in Congress are being handed “The Mother of All No-Brainers” to reduce the deficit, but they are so beholden to their more radical fringe that they would rather destroy the US economy than do what is right, as long as what is right involves compromising with the […]

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The Deficit You’re Freaking Out About Was Caused by Bush

I’m getting tired of the Republicans pretending that they are serious about deficit reduction and blaming it on Obama. They keep claiming that Obama raised the deficit more than Bush, but that was only to fund the stimulus to clean up the economic mess left by Bush. And the stimulus spending has now mostly gone […]

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Courting the GOP

© Matt Davies Are the Democrats spineless, or is Ralph Nader correct when he claims that they are just as beholden to corporations and the rich? Or is Obama triangulating like Clinton used to do?

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Political Chicken

© Dan Wasserman Are they playing chicken or are they just determined to drive us off a cliff?

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America Held Hostage

© Keith Tucker Even business groups are asking the government to raise the debt ceiling.

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Cliffhanger

© Jim Morin The Republicans say that raising taxes is not allowed. Nancy Pelosi has declared that Democrats will not support cuts to Medicare or Social Security benefits. So who is going to blink first? Warren Buffett has one solution: “I could end the deficit in 5 minutes. You just pass a law that says […]

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What Would Reagan Do?

If Reagan were in charge now (and still alive), he would raise taxes, which is exactly what he did when he was president. As Politico points out, Obama’s proposed increases in revenues are smaller than the ones that Reagan proposed, and Republicans approved, in order to decrease deficits. And contrary to what the reality-challenged Republicans […]

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Justifying More Tax Cuts

© Barry Deutsch Actually, the reason given in the last panel is the only one that makes sense.

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Robert Reich Explains the Economy

Robert Reich explains what went wrong with our economy in just over two minutes: Reich was Secretary of Labor under Bill Clinton, when the economy was booming and the deficit was eliminated. He also served in the administration of Republican President Ford. And you know what? Despite all the misinformation being thrown around right now, […]

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The Democratic Budget

© Jim Morin The Republicans keep repeating the lie that the Democrats don’t have a plan to balance the budget, but they do, and it is a surprisingly good and balanced plan. Not only does it do all of the things listed in the above comic, it eliminates the deficit in 10 years. This is […]

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Jump Start

© Ed Stein The economy continues to lurch along, gaining a little bit of steam, then falling back again. Unemployment stays stubbornly around 9%, homes are still being foreclosed at a ferocious rate, and the housing industry remains in a deep funk, Meanwhile, official Washington is consumed with the debate over the debt ceiling. Will […]

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Dancing on the Ceiling

Stephen Colbert on the political theater of the debt ceiling fight in Congress:

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A Modest Proposal

This letter to the editor was published in a newspaper in Michigan, after Governor Rick Snyder and the Republican-controlled legislature voted to cut the school budget by $300 per student, and redistribute some of the money to increase funding for prisons: Dear Governor Snyder, In these tough economic times, schools are hurting. And yes, everyone […]

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