New York Times columnist and economist Paul Krugman thinks Barack Obama is an “anti-Keynesian” when it comes to economic matters. video platform video management video solutions video player PAUL KRUGMAN: Can I just say, on the Reagan thing, if public-sector employment had continued to expand the way it did during Reagan’s first term, instead [...]
Alexis Tsipras, head of Greece’s Radical Left Coalition, declared that country’s commitment to austerity is over because voters have rejected those deals. “There is no way we will sneak back in again what the Greek people threw out”, Tsipras said. “This is an historic moment for the Left and the popular movement and a great [...]
On Wednesday, March 28th 2012, the U.S. House of Representatives voted on 3 different budget proposals, all that ended up with the same results of being shot down by huge numbers. One budget proposal went down in flames by an astounding vote of 0-414. Rick Mulvaney (R-SC) proposed an alternative budget plan based on President Obama’s 2013 [...]
The extension of the payroll tax cut through the end of 2012, will indeed contain another extension of the “emergency unemployment benefits, and the so-called medicare “doc fix payments,” according to a very sketchy article over at The Hill.com. This supposed “deal” contradicts Speaker Boehner’s earlier claims that House Republicans would put forward a clean tax cut extension bill that did not [...]
How will continuing to run deficits affect the US economy? It will have a deleterious effect, because deficit spending (spending more than is taken in) increases debt, which increases sales of Treasury bonds (actually borrowing) to cover the deficit amount, which increases money in circulation, which increases inflation, which decreases bond sales because investors (bond [...]
There was a reappearance of the totally-debunked Nancy Pelosi debt chart recently which numerous economic institutions had already deemed it a blatant fallacy with no basis in reality. Politifact gave it a "pants on fire " rating, as in the "liar,liar pants on fire" chant we used to say as kids when we caught a [...]
Fox News will be holding another 2012 GOP Presidential debate tonight, in which the public has been asked to submit the questions they would like to see the candidates answer in many forums and websites across the nation. CDN has posted their question here. With our country rapidly approaching $15 trillion dollars of children-enslaving debt [...]
