Thanks to Tea Party fanatics, we are told, America just lost an historic opportunity to deal with her national debt. Because of Tea Party intransigence and threats against their own leader John Boehner, the speaker had to reject Obama’s “grand bargain,” the “big deal” of $3 trillion in budget cuts …
“Like a fire bell in the night,” wrote Thomas Jefferson in 1820, “this momentous question … awakened and filled me with terror. I considered it at once as the knell of the Union.” Jefferson was writing of the sudden resurgence of the slavery issue in the debate on Missouri’s entry …
They were called “terrorists,” “fanatics” and “unpatriotic.” Yet the principled resistance of the Tea Party Caucus in the House has put their leader right across the table from Barack Obama to negotiate the final terms of armistice in the debt-ceiling battle of 2011. Today is July 22. On this day, …
Though President Obama has run rings about the Republican Party in the debt-ceiling debate, that party can yet emerge victorious, if it will stick to its guns. Clearly, the Republican strategy was not thought through, when the party chose the debt ceiling as the legislative terrain on which to fight …
Departing for New Hampshire in November 2010, Sen. Judd Gregg, the fiscal conservative President Obama wanted in his Cabinet, blurted an inconvenient truth: “This nation is on a course where if we don’t do something about it, get … fiscal policy (under control), we’re Greece.” The remark was regarded as …
“The Disappearing Black Middle Class” ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering. In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households. By 2009, the …
By refusing to accept tax increases in a deal to raise the debt ceiling, Republicans are behaving like “fanatics,” writes David Brooks of The New York Times. Anti-tax Republicans “have no sense of moral decency,” he adds. They are “willing to stain their nation’s honor” to “worship their idol.” If …
As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion. Lindsey had committed candor, and the stunned Bushites came down on him with both feet. “Baloney,” said Donald Rumsfeld. …
You must be logged in to post a comment.