Day: October 6, 2010

Federal Reserve chair Ben Bernanke took another swing at Social Security and Medicare today, saying yet again that they\’ll need to be cut to protect our nation\’s financial health. Based on his record, any roadmap Bernanke lays out for the future is worth following … as long as you hold it up to a mirror…

President Lyndon Johnson is said to have commented that the press is like birds sitting on a telephone line. When one flies away, they all fly away. This week they are all flying around squawking \”currency war!\” But the world has been in a currency and trade war for some time, with only one side…

Conservative economic policies just don\’t work and it\’s incredibly obvious right in front of our faces. Knowing that obvious things are right in front of our faces and knowing that conservatives really, really don\’t want us to see those things, it\’s instructive (and sometimes entertaining except for the tragic consequences) to watch how conservatives try…

The federal government, right-wingers insist, is going crazy sharing the nation\’s wealth. In fact, eye-opening new research documents, Uncle Sam isn\’t sharing the nation\’s wealth. He\’s concentrating it. Scroll through the right-wing blogosphere, or listen in at a Tea Party rally, and you’ll find angry people ranting about an out-of-control federal government that\’s redistributing the…

UPDATE 9/22/10 7:45 PM ET: Sen. Durbin\’s view was not reported accurately by Bloomberg. He believes we should not begin deficit reduction until unemployment drops below 6%, not 9% as stated in the initial post below. More details here. Last week, 300 economists warned Washington of the \”grave danger\” that a \”premature focus on deficit…