The Radford Free Press – Page 305 – All life is problem solving.

Commentary, Economics / bank reform, defense spending, deficits, Federal Debt, Federal Reserve Board, fiscal policy, health care costs, Keynes, Medicare, Obama /

Round Two

April 13, 2011

The problem with caving in to a blackmailer is that they are inevitably emboldened to try again. Usually the second extortion effort raises the stakes for both sides. This is where we are with the budget. Obama caved in last week in order to keep the government functioning. In the process he acquiesced to a […]

Economics / bankruptcy, deficits, fiscal policy, GDP, jobs, MMT, recovery, stimulus, unemployment /

Shutdown: Shut What Down?

April 8, 2011

One of the more amusing sidelines in the ongoing shutdown saga is just how much the whole thing is grandstanding. The central point being that a shutdown is not really a shutdown. Here are some key things to remember: Only about half of government workers would be furloughed. That’s 800,000 paychecks not going into the […]

Commentary, Economics /

America Is Burning; Washington Fiddles

April 7, 2011

And I thought someone told us that we ignore history at our own cost. Presumably that eminent person had no direct acquaintance with the ways of Washington. So. The problem appears to be that in order to get his own party to sign up to keeping the government open leader Boehner has to add in […]