It's time to stop debating whether or not the US or Europe is headed into recession. The facts show the entire global economy is in recession.
... more
Now that our elected leaders have finally found a way to avert the Great Debt-Ceiling Disaster with an imperfect settlement that generally advances the conservative agenda, mainstream Republicans must prepare to answer the objections of Tea Party True Believers who grumble, "If we had just held on, we could have gotten more."
... more
President Barack Obama, Treasury Secretary Tim Geithner, and many in the media continue to forward the absolute farce that the federal government will default on August 2 if we don't increase the debt ceiling.
... more
The outcome of the 2010 elections signaled that our nation's founding principles still resonate with Americans of all stripes. The current struggle over whether and how to raise our nation's debt ceiling is another battle in the long war over what sort of country we leave our children and grandchildren.
... more
Like Douglas Adams' description of space, the economic issues in this country have become quite big. In fact, most people are, in a very real way, unable to comprehend how "vastly, hugely, mind-bogglingly big" our problems have become.
... more
You just know every cable network already has their graphic for the debt ceiling “crisis” and are feverishly working on their theme music. That will come, probably in the next week or two, if no deal is struck.
... more
It seems to me that this is a great test because we will be able to watch and see what Minnesotans decide what they can and cannot live without when it comes to state services.
... more
It is unreasonable, in the midst of a housing crisis that has financially devastated hundreds of thousands of households, that we are taking away access to free or low-cost counseling that helps these families.
... more