Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

22.11.11

Something About Truth and Power

Who: Bob Engelhart
What: "Who???", Hartford Courant
When: November 21, 2011


If you'll recall, W, in a typically moron Republican move, cut taxes without cutting spending and then waged two, count 'em, two wars. It happened on his watch, and don't forget it. The corporate bailouts happened on his watch, too. I know the GOP doesn't like us to remember that, but unlike their brain-dead elephant and constituents to match, we remember.

28.9.11

Robert Reich states the obvious

Who: Robert Reich
What: "Why This is Exactly the Time to Rebuild America's Infrastructure"
When: September 26, 2011


In fact, it's cheaper than ever for the United States to borrow. That's because global investors desperately want the safety of dollars. Almost everywhere else on the globe is riskier. Europe is in a debt crisis, many developing nations are gripped by fears the contagion will spread to them, Japan remains in critical condition, China's growth is slowing.

Put this together with two other facts:

Unemployment in America remains sky-high. 14 million Americans are out of work and 25 million are looking for full-time jobs.

The nation's infrastructure is crumbling. Our roads, bridges, water and sewer systems, subways, gas pipelines, ports, airports, and school buildings are desperately in need of repair. Deferred maintenance is taking a huge toll.

Now connect the dots. Anyone with half a brain will see this is the ideal time to borrow money from the rest of the world to put Americans to work rebuilding the nation's infrastructure.

Problem is, too many in Washington have less than half a brain.

Remember this in the days to come. Or, to put it simply, anyone want to lay odds that between beltway media and the usual punditry suspects, Reich is an outlier?