Deficit hawks in the United States envision a day when the United States Government will go broke, unless we curb government spending on entitlements. Well, governments can go broke in the sense that they can run out of money they need to pay their debts. But not all governments. Only governments whose monetary systems are […]
Entries from April 2010
April 26th, 2010 · Comments Off on What is “A Government Sovereign In Its Own Currency”?
April 24th, 2010 · Comments Off on It’s a Pattern
The administration’s roll-out of its austerity program for Americans fits a pattern we saw in health care reform, in the run-up to the Stimulus bill, in cap-and-trade, in financial reform, whatever. The Administration always operates from the top down, and then tries to mobilize support from the bottom. It decides what it wants to do […]
April 24th, 2010 · Comments Off on What Is Fiscal Sustainability?
When people introduce a new meme into politics, their standard operating procedure is often to just start talking about some label, say that it’s a problem, make various dire predictions, and then keep writing more and more screeds to try to get everyone else to think that it’s a problem. The meme or label used […]
April 21st, 2010 · Comments Off on Talking to Grandma About Fiscal Sustainability
[Give BDBlue some comment love at OL! –lambert] My friend Ralph writes about the fiscal sustainability issue: Real. Simple (but accurate). Language. Why should people be scared about the Peterson agenda? What are they trying to distract the public’s attention from? What do the American people deserve from their government’s economic policy? Why is this […]
April 17th, 2010 · 2 Comments
Background Fiscal sustainability is very much in the News these days because of the activities of the President’s National Commission on Fiscal Responsibility and Reform, The Peterson Foundation’s very vigorous efforts to present a point of view on fiscal sustainability that reinforces and expands the outlook of the National Commission’s statement of purpose, The Washington […]
April 16th, 2010 · Comments Off on Progress on The Fiscal Sustainability Teach-In and Counter-Conference
A little more than a week ago, I proposed a Fiscal Sustainability Teach-In and Counter-Conference to be held in Washington, DC as a response to the First Meeting of the Administration’s National Commission on Fiscal Responsibility and Reform, sardonically called by some the “steal our retirements commission,” on April 27th. The Counter-conference would also be […]
April 11th, 2010 · 2 Comments
The purpose of the President’s recently constituted National Commission on Fiscal Responsibility and Reform as stated in Section 4 of the President’s Executive Order establishing the Commission is: Sec. 4. Mission. The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long […]
April 7th, 2010 · Comments Off on A Fiscal Sustainability “Teach-in” Counter-Conference?
On April 28, 2010, the Peter G. Peterson Foundation is sponsoring a “Fiscal Summit” in Washington, DC. The purpose of the Conference, which is scheduled for the day after the first meeting of the President’s recently constituted National Commission on Fiscal Responsibility and Reform (btw, where the Conference is happening is a mystery not cleared […]
April 4th, 2010 · Comments Off on Samuelson’s Hooveritis: A Religious Belief That Won’t Go Away
In my last post I discussed the Washington Post’s Hooverite anti-deficit campaign and Fred Hiatt’s recent piece in the deficit hysteria genre. Now, let’s look at the latest effort of Robert Samuelson, a well-known WaPo columnist to frighten us some more. Like Fred Hiatt, Samuelson wants President Obama to pivot from health care reform and […]
April 3rd, 2010 · 2 Comments
Last weekend that so-called epitome of liberal media bias called The Washington Post continued its on-going war on economic recovery and the American people with two salvos on the “crisis” in Government finances created by our “unsustainable” deficits, written by Fred Hiatt and Robert Samuelson. Hiatt and Samuelson are not the only deficit warriors in […]