Tag Archives: debt

GFY, S&P

Posted on July 27, 2011 by

As the extortionists at Standard and Poor’s threaten a credit rating downgrade, not just if the debt ceiling isn’t raised but if the deficit isn’t cut by $4 trillion, Robert Reich points out that if the crooks at S& P … Continue reading →

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Why Is This So Damn Difficult?

Posted on July 9, 2011 by

This is so simple it’s ridiculous. The three major causes of the dramatic increases in debt and deficit are: 1) The Bush, now Obama, tax cuts. 2) The wars in Iraq and Afghanistan. 3) The financial collapse caused by Wall … Continue reading →

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“A Culture of Compulsive Sociopaths”

Posted on February 15, 2010 by

Jesse’s Café Americain nails it in this commentary on Simon Johnson’s piece at Baseline Scenario about the possibility of an audit of Goldman Sachs by the European Commission over Goldman’s role in helping the Greek government hide its debt: “…the … Continue reading →

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Facing Tough Choices on Deficit and Debt

Posted on February 4, 2010 by

I think most people who live in the real world (leaving out the gutless wonders who inhabit Washington, D.C.) will agree that if we ever hope to get our fiscal house in order some tough choices will have to be … Continue reading →

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