Tag Archives: debt ceiling

Could the Debt Default Crisis Turn into Our Reichstag Fire?

Something Chris Hedges wrote back in August of 2010 about our American anti-Enlightenment right (a.k.a the Tea Party) is haunting me a bit this week: The next catastrophic attack, or the next economic meltdown, could be our Reichstag fire. It could … Continue reading

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What’s the End Game to Republican Hostage Taking?

The following, from The New York Times, is some stunning “inside baseball” reportage surrounding the Republican shut down of the federal government and John Boehner’s threat to default on the nation’s debt if Obamacare is not dismantled: They [the House … Continue reading

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Debt-Ceiling Deal Watch: Obama Meep Meeps His Opposition

All the fire, brimstone, sackcloth, and ashes emanating from the American left and right surrounding the debt-ceiling deal misses the big story, which is the following: America’s course for the next decade is trending libertarian, and Obama is about to surf … Continue reading

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A Keynesian Take on the Debt-Ceiling Deal: Paul Krugman Derides Obama’s Faith in the “Confidence Fairy”

Here’s a small part of what Paul Krugman recently wrote in the New York Times on the debt-ceiling deal: We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And … Continue reading

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Post Debt-Ceiling Deal: America’s Libertarian Drift is a Good Thing

The Christian Science Monitor today had this startling bit of demographic information and analysis buried in a much longer report on America’s decades-long shift towards conservatism: By the year 2050, nearly 1 in 5 Americans will be foreign-born – a percentage … Continue reading

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Running with Scissors: Why the Debt-Ceiling Deal is a Victory for the Tea Party and Barack Obama

I don’t like the Tea Party’s social conservatism, but its libertarian impulses are proving to be extraordinarily good for America’s long-term economic health—and Barack Obama’s prospects for reelection. Barack Obama ought to be crowing right now (and he most certainly … Continue reading

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Larry Summers on the Debt Ceiling Debate

I’m not a fan of Larry Summers. He’s part of the reason the banking crisis turned out as bad as it did. He supported, for example, deregulation of the banking industry throughout the Clinton and Bush years, and, when he had the … Continue reading

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The Looming Debt Ceiling Crisis

Personally, I welcome the looming debt ceiling crisis. It seems to me an opportunity for the two parties to hammer out some sort of real government reforms. I genuinely think we’re heading for a crisis akin to Greece’s a decade … Continue reading

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