Uppity Wisconsin
Making Wisconsin Progressive Again
Obama: Now; GOP: No
Thu, 02/05/2009 - 8:09am | mal contends
Update II: Senators Reach Tentative Deal on Stimulus Package
Update: On stimulus, Senate Dems ready to go it alone
President Obama called for action today in a Washington Post op-ed piece implicitly reminding obstructionist Republicans that their policy views are what got us here in the first place and are precisely what was rejected by voters the last election.
President Obama called for action today in a Washington Post op-ed piece implicitly reminding obstructionist Republicans that their policy views are what got us here in the first place and are precisely what was rejected by voters the last election.
In recent days, there have been misguided criticisms of this plan that echo the failed theories that helped lead us into this crisis -- the notion that tax cuts alone will solve all our problems; that we can meet our enormous tests with half-steps and piecemeal measures; that we can ignore fundamental challenges such as energy independence and the high cost of health care and still expect our economy and our country to thrive.
Tags: Krugman: Large fiscal expansion needed
Mon, 12/01/2008 - 9:46am | mal contends
Update: National Bureau of Economic Research says the U.S. economy fell into a recession last year.
Among the pathological programs pursued by the Bush administration is its enterprise to turn the national debt from prospects made in 2001 of the debt being completely paid off in 10 years to upping the debt to $10 trillion.
'Deficits don't matter,' infamously mumbled Dick Cheney at a high-level meeting that was recalled by former Treasury Secretary Paul O'Neil.
Worse is the wish list that the rightwingers wanted from the future administrations dealing with the massive debt: Eliminating those awful programs like Social Security and Medicaid and Medicare which would become unsustainable because of the debt purposefully piled up by Bush and Cheney.
Nobel Prize-winning Paul Krugman warns today that president-elect Obama should not clean up the fiscal mess immediately in the face of a dangerous recession, and views government spending as a economic imperative to ending the recession:
Among the pathological programs pursued by the Bush administration is its enterprise to turn the national debt from prospects made in 2001 of the debt being completely paid off in 10 years to upping the debt to $10 trillion.
'Deficits don't matter,' infamously mumbled Dick Cheney at a high-level meeting that was recalled by former Treasury Secretary Paul O'Neil.
Worse is the wish list that the rightwingers wanted from the future administrations dealing with the massive debt: Eliminating those awful programs like Social Security and Medicaid and Medicare which would become unsustainable because of the debt purposefully piled up by Bush and Cheney.
Nobel Prize-winning Paul Krugman warns today that president-elect Obama should not clean up the fiscal mess immediately in the face of a dangerous recession, and views government spending as a economic imperative to ending the recession:
(C)ircumstances right now are anything but normal. ...