Archive for the ‘New Posts’ Category

Diagnostics

July 29th, 2011

I said I’d get back to the questions I raised in this post from last night, but the smart and articulate Larry Haas beat me to it.  Lots of thoughts from commenters too. Summarizing Larry, comments, and adding some complementary thoughts, here are some of the problems folks raised: President Obama: The POTUS is taking… Read more

Tca Yrevocer

July 28th, 2011

Was on the Maddow Show tonight with guest host Melissa Harris-Perry on what might happen if we breach the debt ceiling and the Treasury has to prioritize payments. Fortunately, Jay Powell and the folks at the Bipartisan Policy Center have done the legwork.  The numbers suggest just what a self-inflicted doomsday scenario this would be…. Read more

The Two Stages of Dysfunction

July 28th, 2011

The thing I like least about the Boehner plan (that I’m hearing may pass the House later) is that it raises the debt ceiling in two stages, meaning we’re back in the middle of this debate in another few months.  (The other thing I dislike about this plan is its implications for entitlement cuts that… Read more

The Shape of Inequality And Its Impact on Growth

July 28th, 2011

The Iron Man (John Irons) makes an important point here: economic inequality doesn’t grow just because folks at the top do better.  It also grows because folks at the middle and bottom do worse. This figure from EPI shows the fanning out of real hourly wages, indexed to 100 in 1973, over the last few… Read more