The fiscal cliff is not really a “cliff”; the entire country won’t fall into the ocean if we hit it. Some automatic tax cuts will expire; the government will be forced to cut some expenditures. The cliff is really just a red herring. Likewise, any last-minute deal to avoid the spending cuts and tax increases scheduled to go into effect on Jan. 1 isn’t likely to save us from economic turmoil. It would merely let us continue the policy mistakes we’ve been making for years, allowing us only to temporarily stabilize the economy rather than address its deep, systemic failures. Stabilization, of course, has long been
Comments: I don´t like it when someone "attacks" the rich [I´m not], as capitalism is what made our Country the superpower that it is. While greed is not to be envied, it should be punished when the Federal government takes what is and should not be "their fair share." The size of government must be as minimal as possible, and not growing to keep people employed. I did not appreciate the slam at US having a war with Iraq. It is always the dRATS who want that military spending to go to unsustainable social welfare.
The author is right - stabilization is a politician´s euphemism for " let´s kick the can down the road until i´m out of office", or until I can get elected to a higher office where I can play kick the can longer and farther.
Pretty good article over all, actually. Yeah, he takes a shot at the war, but it was a questionable strategy from the start to finance the war off-budget. And I don´t think the author really understands even so, the problem is globalization, 10,000,000 jobs sent to China. No Fed policy or tax policy or budget policy matters, as long as that is the case.
A little surprising for The New York Times- it actually didn´t go all out with a Leftist, pro-Obama slant. I wonder when the NYT, Wapo, and the L.A. Times will actually be able to be critical of Obama?
"Kicking the can down the road." Both Houses of Congress do this and media/most voters act as though its just the natural order of things. Try it at YOUR job. Let´s call it what it is - failing to do your job by choice.
Washington - A new book covering the 2012 presidential campaign uncovers a series of scathing remarks from political figures, but one alleged comment has stirred controversy around President Barack Obama and his administration’s use of targeted drone strikes. Mark Halperin and John Heilemann’s book “Double Down: Game Change 2012” notes President Obama commenting on drone strikes, reportedly telling his aides that he’s “really good at killing people.” The quote from the book was first reported in Peter Hamby’s review in the Washington Post.
An emerging theme from Democrats struggling to explain the Obamacare fiasco is that stubborn Republican opposition has hobbled the administration´s efforts to implement President Obama´s complex national health care scheme. If you want the particulars, just glance at "The Obamacare sabotage campaign" by Politico´s Todd Purdum. But a memo revealed in a new Washington Post examination of the rollout shows the administration was already on a disastrous path in May 2010, just two months after Obamacare was signed into law -- and six months before Republicans won control of the House
Some inventions address needs that everyone has and go on to change the world. The Internet serves our constant craving for information; the internal combustion engine let anyone efficiently do mechanical work with little physical effort; antibiotics significantly reduced mortality rates around the world. Then there are the inventions that are the result of someone asking, "Hmm, I wonder if that would be a good idea?" From a "onesie" that lets your baby mop your floors to a mic-shaped sponge for rocking out in the shower, these are the inventions that are more noteworthy
"All we´ve been hearing the last three years is if you like your policy you can keep it.... I´m infuriated because I was lied to," one woman told this newspaper, as part of a story on how some middle-class Californians have been stunned to learn the real costs of Obamacare. And that lie looks like the biggest lie about domestic policy ever uttered by a U.S. president. The most famous presidential lies have to do with misconduct (Richard Nixon´s "I am not a crook" or Bill Clinton´s "I did not have sexual relations") or war. Woodrow Wilson campaigned on the slogan "He kept us out of war" and then plunged
The usual scenario involves suspicious glances, inattentive clerks or rude service — not handcuffs. Yet when a black teen said he was wrongly jailed after buying a $350 belt at a Manhattan luxury store, it struck a nerve in African-Americans accustomed to finding that their money is not necessarily as good as everyone else´s. Shopping while black, they say, can be a humiliating experience. Much attention has been paid to the issue over the years — Oprah Winfrey complained that a Swiss clerk did not think she could afford a $38,000 handbag, and even President Barack Obama has said he was once followed in
’m going to ruin sea otters for you. Or at least I’m going to tarnish their reputation as some of the most charming little beasties in the seas. For as cute as they are while intertwining paws at an aquarium, frolicking among the wafting fronds of California kelp forests, or smashing sea urchins open with stones, some sea otters have developed the disturbing habit of humping and drowning baby seals. When I first heard about the behavior from a marine biologist friend of mine, I didn’t quite believe sea otters could be so diabolical. Maybe the bad behavior was just a rumor. But no, the strange sea otter
President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years. Four sources deeply involved in the Affordable Care Act tell NBC News that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next
The White House response on Monday to the expanding disclosures of American spying on foreign leaders, their governments and millions of their citizens was a pathetic mix of unsatisfying assurances about reviews under way, platitudes about the need for security in an insecure age, and the odd defense that the president didn’t know that American spies had tapped the German chancellor’s cellphone for 10 years. Is it really better for us to think that things have gone so far with the post-9/11 idea that any spying that can be done should be done and that nobody thought to inform President Obama about tapping
Syrian state TV says the head of the al-Qaeda linked al-Nusra Front, Abu Mohammed al-Jolani, has been killed in western Syria. Details are unclear but the report said he had been killed in the coastal province of Latakia. There has been no independent verification of the claim. The group has emerged as one of the most powerful rebel groups since the uprising against President Bashar al-Assad began in March 2011. It first announced its existence in a video in January 2012 and has said it was behind many of the suicide bombings that have rocked the country. The group is believed to have led
Sen. Ted Cruz’s sense of humor is earning him some ill will from near and far. A Nigerian-American organization wants the Texas Republican to apologize for comments he made Monday about the problems with the Affordable Care Act website. “You may have noticed that all the Nigerian email scammers have become a lot less active lately,” Cruz said at a gathering with supporters in Houston, according to the Houston Chronicle. “They all have been hired to run the Obamacare website,” he joked. But the Christian Association of Nigerian-Americans, also known as CANAN,
Beijing - A court in eastern China has rejected an appeal by the ousted Chinese leader Bo Xilai and upheld his life sentence for bribery, embezzlement and abuse of power. Bo, the 64-year-old former Communist party head of the south-western metropolis of Chongqing, was once known for his charisma, elaborate anti-crime campaigns, and neo-Maoist politics. (Snip) Last month, the Jinan intermediate people´s court in thecoastal Shandong province sentenced Bo to life in prison for accepting £2.1m in bribes, embezzling more than £500,000, and abusing his position by blocking an investigation
The National Security Agency monitored the phone conversations of 35 world leaders after being given the numbers by an official in another US government department, according to a classified document provided by whistleblower Edward Snowden. The confidential memo reveals that the NSA encourages senior officials in its "customer" departments, such the White House, State and the Pentagon, to share their "Rolodexes" so the agency can add the phone numbers of leading foreign politicians to their surveillance systems. The document notes that one unnamed US official handed over
Society crumbles when it takes cues from the underclass When Snooki, whose talents include getting sloppy drunk and throwing up on camera, made Barbara Walters’ “Ten Most Fascinating People” list a few years back, one could only ask: Was Octomom not available? Last year, “Here Comes Honey Boo Boo,” which features a cornucopia of social ills, was TLC’s highest-rated show, attracting more cable viewers than the Republican National Convention, which had the misfortune to share the time slot with the charmers from Georgia. The show’s matriarch, June Shannon, has four daughters by four men, one of whose names she can’t recall. White Trash
President Barack Obama bragged to his aides that he´s ´really good at killing people,´ according to explosive claims in a new book about the 2012 presidential campaign. The revelation comes at a time when Obama, who won the Nobel Peace Prize in 2009, has faced increasing criticism for his use of drones to target insurgents and terrorist suspects, particularly in Pakistan and Yemen. The London-based Bureau of Investigative Journalism estimates that Obama has authorized 326 drone strikes. Since 2004, CIA unmanned aerial vehicles have killed 2,500 to 3,600 people--including up to
Former Massachusetts Gov. Mitt Romney, who lost the 2012 election to President Barack Obama, said on NBC’s “Meet the Press” on Sunday that he believed New Jersey Gov. Chris Christie could “easily” become the GOP presidential nominee in 2016 and “save our party.” Christie most recently made national news when he decided to drop a legal challenge to rulings in New Jersey state courts that declared same-sex marriage legal there. And not long before that, he changed his position on the question of whether illegal aliens should get in-state tuition rates at New Jersey state colleges. Now he backs legislation that
Mitt Romney said Sunday that Barack Obama lied about whether Americans could keep their health insurance under the Affordable Care Act — a “fundamental dishonesty” that is “rotting” the president’s second term. “When he told the American people that you could keep your health insurance if you wanted to keep that plan, period — he said that time and again — he wasn’t telling the truth,” the 2012 Republican presidential nominee said Sunday on NBC’s “Meet the Press.” “That fundamental dishonesty has really put in peril the foundation of his second term.” Mr. Romney has maintained a relatively low
The National Republican Senate Committee, the GOP campaign arm responsible for Senate elections, has decided to use its political power to block consulting firm Jamestown Associates from receiving political work from GOP candidates or incumbents. Jamestown´s "sin" is working with the Senate Conservative Fund, an organization that supports conservative candidates for the US Senate. NRSC communications staffer Brad Dayspring, a former spokesman for House Majority Leader Rep. Eric Cantor (R-VA), told The New York Times on Friday, “We’re not going to do
Congressional Republicans have stoked consumer fears and confusion with charges that the health care reform law is causing insurers to cancel existing policies and will force many people to pay substantially higher premiums next year for coverage they don’t want. That, they say, violates President Obama’s pledge that if you like the insurance you have, you can keep it. Mr. Obama clearly misspoke when he said that. By law, insurers cannot continue to sell policies that don’t provide the minimum benefits and consumer protections required as of next year. So they’ve sent cancellation notices to
WASHINGTON -- Mitt Romney isn´t including tea party favorite Ted Cruz among the Republicans´ most electable potential presidential candidates in 2016. Who does the 2012 GOP nominee put on his list of "very capable people?" His ex-running mate, Wisconsin Rep. Paul Ryan. Florida Sen. Marco Rubio. Former Florida Gov. Jeb Bush. But Romney says New Jersey Gov. Chris Christie "stands out as one of the very strongest lights." Romney was asked on NBC´s "Meet the Press" whether Texas Sen. Cruz is a "potential light." Romney said he´s not going to disqualify anybody.
Too smart to be President. Is that really Barack Obama´s problem? Mika Brzezinski thinks so. On today´s Morning Joe, as Mike Barnicle and John Heilemann kicked around the notion, as others have before, that President Obama doesn´t much like politics and the people in it, Brzezinski piped up with a different explanation for his aloofness: he´s "too smart for the job," she suggested. View the video after the jump. Heilemann had a quick comeback: "I´m not saying that, although I´m sure that´s your gloss on it." Joe Scarborough suggested that such was Obama´s gloss on it as well. So what
This will not go over well for the 2009 Nobel Peace Prize winner. According to the new book “Double Down,” in which journalists Mark Halperin and John Heilemann chronicle the 2012 presidential election, President Barack Obama told his aides that he’s “really good at killing people” while discussing drone strikes. Peter Hamby of The Washington Post noted the moment in his review of the book. The reported claim by the commander-in-chief is as indisputable as it is grim. Obama oversaw the 2009 surge in Afghanistan, 145 Predator drone strikes in NATO’s 2011 Libya operations, the May 2011 raid that
Why does the Tea Party love Ted Cruz despite his decisive role in the recent partial government shutdown, which many consider a debacle for the GOP? Why aren’t Tea Partiers blaming Cruz for their drop in the polls, as mainstream Republicans are busily doing for their own decline in popularity? A CNN-ORC International survey from shortly after the shutdown ended shows that 56 percent of Americans have an unfavorable view of the Tea Party, while “only 28 percent” see it in a favorable light — the Tea Party’s lowest favorability rating since its emergence in the wake of the 2008
More than a decade ago, Kmart was Wal-Mart´s biggest rival. But today the Sears-owned chain is in a tailspin, plagued by negative sales and disinterested customers. Last year, the company closed 100 stores after a disastrous holiday season. Brian Sozzi at Belus Capital Advisors visited several Kmart locations and took photos that illustrate how grim it is at the retailer. "The research and photos presented below show that Kmart, believe it or not, may be in worse fundamental shape than Sears!" Sozzi writes. "By fundamental I mean dreadful to visit, borderline unsafe stores that are sending the division’s financials down
AUSTIN— Nadia Bolz-Weber bounds into the University United Methodist Church sanctuary like a superhero from Planet Alternative Christian. Her 6-foot-1 frame is plastered with tattoos, her arms are sculpted by competitive weightlifting and, to show it all off, this pastor is wearing a tight tank top and jeans. Looking out at the hundreds of people crowded into the pews to hear her present the gospel of Jesus Christ, she sees: Dockers and blazers. Sensible shoes. Grandmothers and soccer moms. Nary a facial piercing. To Bolz-Weber’s bafflement, this is now her congregation: mainstream America. These are the people who put her