Long before it mastered the mass production of "fake news," the Republican Party propagated its Ur-lie that "tax cuts pay for themselves." Almost from the moment that Arthur Laffer first sketched his now-famous curve on a napkin in 1974, right-wing pundits, politicians, and propagandists have declared as an article of faith the belief that tax […]
Category: Budget/Deficit
House Speaker Paul Ryan has just experienced two weeks from hell. On Monday, the nonpartisan Congressional Budget Office (CBO) led by his hand-picked director mauled Ryan's so-called "replacement" for the Affordable Care Act. CBO forecast that over the next decade the "American Health Care Act" will cost 24 million Americans their insurance. The bill, which […]
Over the past week, the White House has been completely overwhelmed by the Trump administration's mushrooming medley of Moscow outrages. But to what Vox labelled the "3 Trump-Russia Scandals"--potential Trump collusion with Russia against the Hillary Clinton campaign, possible Trump lies about Michael Flynn's outreach to the Putin government and purported kompromat Russian intelligence may […]
The truth, it is said, will set you free. Unless, that is, you are a Republican and the issue is the Congressional Budget Office (CBO). Republicans are foaming at the mouth at the nonpartisan agency's conclusion that the repeal of Obamacare will no replacement in place for the Affordable Care Act will lead to 32 […]
On March 23, 2010--the very day President Barack Obama signed the Affordable Care Act into low--then-Senate Minority Leader Mitch McConnell (R-KY) announced his party's objective would be to "repeal and replace" Obamacare. But now, almost 7 years later, McConnell and Congressional Republicans finding it extremely hard to do either. And soon the task for Majority […]
So far, the defining trait of the incoming Trump administration is its staffing with extremists dedicated to destroying the agencies they are supposed to head. Friday was no exception, as President-elect Trump made the latest addition to his Kamikaze Cabinet by selecting South Carolina Republican Congressman Mick Mulvaney to direct the Office of Management and […]
"Reagan," Vice President Dick Cheney said in 2002, "proved deficits don't matter." Unless, Cheney felt no need to mention, the occupant of the Oval Office is a Democrat. After all, Ronald Reagan had tripled the national debt in 8 short years and George W. Bush had nearly doubled it again by the time he ambled […]
In late 2007 and 2008, the United States and the global economy were devastated by the subprime crisis. That financial calamity was so named due to the hundreds of thousands of foreclosed upon homeowners who were unqualified for the loans they received from mortgage originators around the country. The disaster did not result from the […]
From the beginning of presidential campaign, Donald Trump has positioned himself as the posing populist. The man his friends and family tout as the "blue-collar billionaire," the real estate tycoon turned reality TV star proclaimed himself the "voice" of "the forgotten men and women of our country." In September, the supposed ally of average Americans […]
Throughout the Republican National Convention, Donald Trump's water carriers repeatedly praised the pretend populist as a "blue-collar billionaire." Given his inherited wealth and decades-long record of scorched-earth business practices, that title was always comical on its face. But there's nothing funny about the payday for plutocrats Trump has in mind if elected President. His gargantuan […]