National Debt

Krugman: Democrats Should Risk Debt Default and Not be 'Blackmailed' b
May 15th, 2011 12:54 PM
New York Times columnist Paul Krugman said Sunday that Democrats should risk a debt default to avoid being blackmailed by Republicans that are holding a bomb "over our head" in the form of serious budget cuts.
This came moments after FDIC chair Sheila Bair told ABC's "This Week" panel, "I think maybe there's a little too much testosterone in this debate. It’s too much about winning and losing…

Lawrence O'Donnell: 'We Are All Socialists In This Country
May 11th, 2011 10:10 AM
Last November, MSNBC's Lawrence O'Donnell admitted on air to being a socialist.
In a segment on "The Last Word" Tuesday addressing how Cuba - a country nearing economic ruin - is moving towards capitalism, O'Donnell said, "We are all socialists in this country who support public education, state funded universities, government-run hospitals, Medicare, Social Security, classic socialistic…

Matt Lauer Worries Debt Ceiling Fight Will 'Shatter' National Unity, U
May 10th, 2011 12:14 PM
In an interview with Speaker of the House John Boehner on Tuesday's Today on NBC, co-host Matt Lauer fretted over the upcoming debate on raising the nation's debt limit: "...after the news surfaced that Osama bin Laden had been killed there was this – a good feeling in this country....Are we going to see that unity shattered in the coming weeks when we start to debate things like the debt…

Krugman Lies and Distorts History to Blame Recession and Budget Defici
May 9th, 2011 9:51 AM
New York Times columnist Paul Krugman Monday wrote another in a series of factually dishonest pieces about budget deficits and what he likes to call 'the Great Recession."
In his "The Unwisdom of Elites," the unabashed liberal made numerous falsehoods and omissions to blame our current economic and budget woes exclusively on George W. Bush and "small groups of influential people":

House Investigating Obama Treasury Dept. Trying to Influence S&P Outlo
April 28th, 2011 5:03 PM
Last week I noted how the Washington Post published on page A5 a story about how Obama Treasury officials tried but failed to influence Standard & Poor's credit analysts from downgrading the U.S. government's credit outlook from "stable" to "negative."
Today the Post buried on page A14 a story by staffer Zachary Goldfarb about a House of Representatives investigation into the matter:
Debt Ceiling? It's Time for GOP to Let Chips Fall
April 26th, 2011 10:11 AM
The governing class in Washington has no excuse for not having addressed our spending issues and formulating a comprehensive federal debt retirement plan before we approached another debt ceiling threshold.
At every possible opportunity, politicians convince themselves that it's always better to kick the can down the road — Democrats because they aren't remotely serious about debt reduction,…

Krugman Endorses Congressional Progressive Caucus's Radical Tax-Hiking
April 25th, 2011 1:38 AM
If you had any questions about just how far to the left New York Times columnist Paul Krugman is, they were answered Monday when he expressed enthusiastic support for the Congressional Progressive Caucus's radical tax-hiking "People's Budget."
In his "Let's Take a Hike," the Nobel laureate left no doubt about his desire to swiftly redistribute America's wealth with little regard for the…
To Retire Our National Debt, We Must Retire Obama
April 22nd, 2011 5:29 PM
Everyone but the blind and reckless agrees that the United States faces a dire financial crisis. But only one of the two major political parties is offering a plan that has a reasonable chance of averting this crisis and restoring the nation to financial health.
Obama's ever-changing proposals, allegedly designed to tackle the problem, simply could not work. One of the following must be true…