Fanatic factions in congress, mercifully, did not trash the full faith and credit of the United States. Good news for the short term. But the deal focuses on making cuts at a time when consumers aren’t spending and businesses aren’t spending or expanding, leaving the government as the spender of last resort. Austerity at this juncture seems to mean continued bad economic news in the long term.
Posts Tagged ‘debt’
Swerve
Thursday, August 4th, 2011The shift is on
Wednesday, August 3rd, 2011
The debt ceiling fight just ended was fought mostly on terms dictated by the far-right wing of the Republican party. Increasing taxes, even on the wealthiest millionaires and billionaires, was a non-starter. Compromise was out of the question, with the radical right perfectly willing to drive the economy off a cliff. Amazing. By today’s standards, Richard Nixon ( EPA, price controls, traveling to China, etc.) would be denounced as a commie. Or at least a RINO.
After you
Friday, July 29th, 2011
The Tea Party freshmen were elected to be rigid ideologues, dadgummit, and they ‘re going to remain pure no matter what. And that means they don’t give a damn if the nation’s already staggering economy takes another body blow. Meanwhile, in the real world, people are most concerned about the lack of JOBS.
Fabricated
Monday, July 25th, 2011
Europeans are struggling desperately to avoid financial default. Yet here in America we are facing a looming fiscal debacle that is of our own making and is entirely avoidable. In other words, we’ve manufactured a crisis over an issue that has historically been a routine decision. Simply amazing and disgusting.
Kablooie
Friday, July 22nd, 2011
As of this writing the debt bomb has not been defused. Amazingly, there are some on the far right who seem quite willing, even anxious, to see what kind of economic damage will be done to our still-fragile economy, no matter how devastating that explosion might prove to be.
Debtly
Wednesday, July 20th, 2011
I’d name the Republicans who are obstructing the debt ceiling talks, but they are those “whose name shall not be spoken.”
Overhead
Wednesday, July 13th, 2011
Stimulus
Monday, July 13th, 2009
Stuart Carlson is an award-winning political cartoonist. His work is nationally syndicated by Universal Press Syndicate. 
Gesundheit
Thursday, September 29th, 2011Tags: debt, default, economic woes, Euro zone, Europe
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