Showing posts with label National Debt. Show all posts
Showing posts with label National Debt. Show all posts
Saturday, March 3, 2018
Sunday, February 18, 2018
Thursday, December 21, 2017
Tuesday, October 24, 2017
Wednesday, July 19, 2017
Tuesday, July 11, 2017
Tuesday, August 2, 2016
Friday, October 30, 2015
Sunday, December 7, 2014
Thursday, April 25, 2013
PERRspectives: George W. Bush's Magic Calendar Returns
PERRspectives: George W. Bush's Magic Calendar Returns
"In the run-up to today's celebration at the George W. Bush Presidential Library, America's 43rd President declared that "history will ultimately judge" his tenure in the White House. And that is precisely the problem for the custodians of Bush's legacy. After all, the slaughter of 3,000 people on 9/11, the catastrophic and unnecessary war in Iraq, illicit domestic surveillance and illegal detainee torture, the worst eight-year economic performance since Herbert Hoover, a near-doubling of the national debt (thanks in large part to tax cuts that will continue to drain the U.S. Treasury for years to come), the implosion of Wall Street and the disastrously bungled response to Hurricane Katrina all occurred on George W. Bush's watch.
"In the run-up to today's celebration at the George W. Bush Presidential Library, America's 43rd President declared that "history will ultimately judge" his tenure in the White House. And that is precisely the problem for the custodians of Bush's legacy. After all, the slaughter of 3,000 people on 9/11, the catastrophic and unnecessary war in Iraq, illicit domestic surveillance and illegal detainee torture, the worst eight-year economic performance since Herbert Hoover, a near-doubling of the national debt (thanks in large part to tax cuts that will continue to drain the U.S. Treasury for years to come), the implosion of Wall Street and the disastrously bungled response to Hurricane Katrina all occurred on George W. Bush's watch.
Unless, that is, you don't just rewrite history but redefine time itself. According to the Republicans' Magic Calendar, George W. Bush somehow "kept us safe" despite the carnage on September 11, 2001. Miraculously, it was President Bush who killed Osama Bin Laden, despite his opposition to the very kind of raid ordered by Barack Obama two years after Dubya left office."
50 Reasons You Despised George W. Bush's Presidency: A Reminder on the Day of His Presidential Library Dedication | Alternet
50 Reasons You Despised George W. Bush's Presidency: A Reminder on the Day of His Presidential Library Dedication | Alternet
"Amazingly, the Bush library seeks to ask visitors "What would you have done?" if you were in this president’s shoes. The ex-president’s defenders are betting that the public will reconsider their judgments after a hefty dose of historical amnesia. Bush has been absent from political debates in recent years, instead making millions in private speeches."
"Amazingly, the Bush library seeks to ask visitors "What would you have done?" if you were in this president’s shoes. The ex-president’s defenders are betting that the public will reconsider their judgments after a hefty dose of historical amnesia. Bush has been absent from political debates in recent years, instead making millions in private speeches."
Monday, April 22, 2013
George W. Bush: 'No Need to Defend Myself' | Common Dreams
George W. Bush: 'No Need to Defend Myself' | Common Dreams
"hough the costs of the wars in Iraq and Afghanistan that initiated under Bush still linger for millions of people, the former president describes how he is enjoying his new painting hobby and his life outside the "limelight". Recent estimates of the financial cost of the two wars are now between $4 and $6 trillion."
"hough the costs of the wars in Iraq and Afghanistan that initiated under Bush still linger for millions of people, the former president describes how he is enjoying his new painting hobby and his life outside the "limelight". Recent estimates of the financial cost of the two wars are now between $4 and $6 trillion."
Tuesday, March 26, 2013
More Proof That America Doesn’t Have A Spending Problem
More Proof That America Doesn’t Have A Spending Problem: The idea that the United States has an out of control spending problem has gripped Washington D.C. for most of the economic recovery, and nowhere is that more evident than in recent budget negotiations, where the conversation has been almost solely about when budgets will balance and by how much they will reduce the debt. [...]/p
Monday, March 18, 2013
Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet
Stop Freaking Out About the Debt! 5 Reasons There Is No Debt Crisis | Alternet
"In conclusion: the “debt crisis” is a mere phantom — only one of many possible futures, and far from a certainty. The interest America is paying on its debt is currently lowerthan it was in the 1990s, despite a lower debt-to-GDP ratio then. When inflation is factored in, current real interest rates on our debt are negative. Financial markets are willing to pay us to borrow from them.
"In conclusion: the “debt crisis” is a mere phantom — only one of many possible futures, and far from a certainty. The interest America is paying on its debt is currently lowerthan it was in the 1990s, despite a lower debt-to-GDP ratio then. When inflation is factored in, current real interest rates on our debt are negative. Financial markets are willing to pay us to borrow from them.
Meanwhile, every dollar we cut — nay, every dollar we fail to borrow — is a dollar that isn’t going to shore up the safety net, to rebuild the country’s infrastructure, or to support struggling Americans while their livelihoods remain on the line. That we’re passing on this opportunity to repair our country, much less even considering the monstrosity that is the Ryan budget, really is absurd."
Republicans: There's No Debt Crisis, We Just Want to Screw the Poor | Alternet
Republicans: There's No Debt Crisis, We Just Want to Screw the Poor | Alternet
"Admitting that there’s no immediate crisis illustrates that the GOP’s proposed monstrous cuts to social welfare programs are more an attempt to push through their ideology than save the country from collapse. As the media continues to hyperbolize the deficit, the need for compromise and the instantaneous dangers that will occur if we don’t impose austerity cuts, Republicans are happily using the spin to quickly demand these absurd cuts. But now, especially with both parties acknowledging that there’s no immediate debt crisis, we must demand an honest, smart budget from Congress."
"Admitting that there’s no immediate crisis illustrates that the GOP’s proposed monstrous cuts to social welfare programs are more an attempt to push through their ideology than save the country from collapse. As the media continues to hyperbolize the deficit, the need for compromise and the instantaneous dangers that will occur if we don’t impose austerity cuts, Republicans are happily using the spin to quickly demand these absurd cuts. But now, especially with both parties acknowledging that there’s no immediate debt crisis, we must demand an honest, smart budget from Congress."
Thursday, March 14, 2013
Memo to Washington: Private Debt Threatens Our Economy, Not Government Deficits | Alternet
Memo to Washington: Private Debt Threatens Our Economy, Not Government Deficits | Alternet
"The debt we are talking about is private-sector debt. But most officials this afternoon focus on government debt and budget deficits as the problem – especially social spending such as Social Security, not bailouts to the banks and Federal Reserve credit to re-inflate prices for real estate, stocks and bonds."
"The debt we are talking about is private-sector debt. But most officials this afternoon focus on government debt and budget deficits as the problem – especially social spending such as Social Security, not bailouts to the banks and Federal Reserve credit to re-inflate prices for real estate, stocks and bonds."
Wednesday, March 13, 2013
Senate Democratic Budget Reduces Deficit By $1.85 Trillion, Half From Revenue
Senate Democratic Budget Reduces Deficit By $1.85 Trillion, Half From Revenue: A day after House Republicans outlined their budget proposal for fiscal year 2014, Senate Democrats unveiled a broad outline of their budget, which Senate Budget Committee Chair Patty Murray (D-WA) said will reduce the deficit to less than three percent of gross domestic product while bringing total deficit reduction to $4.2 trillion over the last [...]/p
Even Paul Ryan Admits That America Isn’t Facing A Debt Crisis
Even Paul Ryan Admits That America Isn’t Facing A Debt Crisis: Paul Ryan says we must slash spending. We must do it now, and we must do it dramatically. We must cut 47 percent from education, 32 percent from infrastructure, and 28 percent from scientific research. [...]/p
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