At 2 p.m. today, the NBER will release the monthly Treasury update of debt relative to credit. (Here’s a spoiler: It won’t be anything we didn’t see a month ago. We’re up to our ears in debt.) Meanwhile, Congress is rushing back into emergency session for a quick fix to stave off default as our spending continues to increasingly exceed our income. At a time when every politician is casting blame about the rapidly ballooning national debt and the continual political struggle surrounding raising the debt limit, it’s worth our while to examine the larger picture: Whose fault, really, is the precarious condition of our national finances?
It’s tempting for partisans to each blame the other party; it’s easily done, too, as government waste has become proverbial and inefficiency is automatically assumed without the bother of proving it. It’s equally simple for a certain class of people to throw up their hands and blame all politicians, as though they themselves would do better if they were in charge. But even a little brief reflection will show that, while these are satisfying accusations, they can’t possibly have much merit.
He’s a late entry and is polling lower than Delaney in Iowa and New Hampshire. Nevertheless, it’s a mistake to ignore Steyer; he’s going to make a difference in at least two early races unless something big changes, and all else aside he’s likely to split that all-important Billionaire Bloc of voters. So who is he? Why do we care that yet another rich old white guy is running? (more…)
Home of the Cubs, Harry Dresden, deep dish pizza, and hot dogs dragged through the garden. The city where Al Capone became a folk hero. A place where you can visit Sue the Dinosaur, Inez at Graceland, and the oldest tobacconist in America; where the river runs backwards, guns are banned, and shootings are everywhere. Ten percent of the country lives within a hundred miles of here, and the graveyards all vote Democrat.
We joke about it because what’s the choice? There’s (more…)
“But is it helpful to have the 2016 nominee suggesting that a congresswoman is a Russian asset?”
– Jake Tapper
Yes and no.
Yes it’s helpful; it’s a marvelous distraction. Clinton’s bizarre accusation draws criticism away from some of the more egregious flaws in the present nomination process. It was also timed perfectly to coincide with the release of a State Department report that criticized the former Secretary of State (more…)
You’ve been reading for a couple of weeks about Whitefish Energy, a small Montana company (with all of two full-time employees) that shares a hometown with Secretary of the Interior Ryan Zinke.
You already know they were awarded a massive contract to repair hurricane damage in Puerto Rico, that the investors are personally acquainted with the Secretary and donated to the Trump campaign, that there’s been massive media outcry against them and a call for Congressional investigation. You might even be aware that the F.B.I. (more…)
(Editor’s Note: This is another in our ongoing series of guest columns on current events. Rudyard “Duke” Milhaus of the Sports Desk is well-known for his passionate commitment to objective journalism. Unfortunately, due to his exhausting schedule of hands-on research into America’s prisons and substance abuse problems, this is the only picture of him we can find.)
Have you ever tried to bargain with someone? To dicker? You know, tried to get the best deal on a car, or something else that’s flexible in price? How you do it is, you start out with an extreme offer, then slowly work your way to a price that’s more in the middle ground, somewhere between what they want to get and what you want to pay.(more…)
Editor’s Note: This is another in our new series of guest columns on current events. Once again, here’s the infamous Rudyard “Duke” Milhaus, of the Sports Desk .
Huddle up, gather round, people!
There’s a new playbook being used. It’s not the prettiest set of plays ever to hit the field, but the Opposition started it and now everyone’s picking up on it, so we’re gonna have to learn it too. It’s called the “Fake News Play”. (more…)
Editor’s Note: This is another in our new series of guest columns on current events. Rudyard “Duke” Milhaus of the Sports Desk is well-known for his passionate commitment to objective journalism. That we’re publishing his lovely and perfectly neutral article has nothing whatsoever to do with that large-bore handgun he keeps fiddling with.
What’s all this obsession we suddenly have with Russia? Why is the media being so critical of them? This is a country that not too many years ago I remember watching as we cheered their peaceful revolution, watched them embrace democracy and capitalism — and now we’re supposed to hate them?! The new administration apparently wants to get along with them — what’s the matter with that? (more…)
This might look deadly boring at first glance, but hang on; there’s a twist at the end.
Detroit was once one of the great industrial centers of the United States, home to vast automobile factories and all the things that go to making that happen. Its location between two of the Great Lakes and at one of the few land connections between the United States and Canada make it one of the great commercial centers of the world. Or rather, it should be.
Instead, due to a century of mismanagement and pervasive organized crime, Detroit has become an object lesson to other cities as “what not to be”. It’s hardly (more…)