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Irish bond yields have topped 10 percent for the first time
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So the pundits who praised this proposal when it was released were punked.
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The G.O.P. budget plan isn’t a good-faith effort to put America’s fiscal house in order; it’s voodoo economics, with an extra dose of fantasy, and a large helping of mean-spiritedness.
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much-ballyhooed proposal
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In the past, Mr. Ryan has talked a good game about taking care of those in need.
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Paul Ryan, the chairman of the House Budget Committee, sounds upset. And you can see why: President Obama, to the great relief of progressives, has called his bluff.
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Tellingly, some workers — namely, those who tend to be Republican-leaning — are exempted from the ban; it’s as if Mr. Walker were flaunting the political nature of his actions.
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Yet polls indicate that voters still care much more about jobs than they do about the budget deficit. So it’s quite remarkable that inside the Beltway, it’s just the opposite.
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Republicans have once again gone all in for voodoo economics — the claim, refuted by experience, that tax cuts pay for themselves.
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Immediately thereafter, as always happens when Democrats take a stand, the civility police came out in force
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When the proposal was released, it was praised as a “wonk-approved” plan that had been run by the experts
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To keep spending at or below this target, the board would submit “fast-track” recommendations for cost control that would go into effect automatically unless overruled by Congress.
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Basically, Heritage went all in on the much-refuted claim that cutting taxes on the wealthy produces miraculous economic results, including a surge in revenue that actually reduces the deficit.
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Let’s Take a Hike
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deficit hawk
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the department may sell any state-owned heating, cooling, and power plant or may contract with a private entity for the operation of any such plant, with or without solicitation of bids, for any amount that the department determines to be in the best inte
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After the conference, Reuters put together a “word cloud” of Mr. Bernanke’s remarks, a visual representation of the frequency with which he used various words.
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they argue that debt is destroying America, but they’d rather let that happen than accept even a dime of higher taxes
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they argue that debt is destroying America, but they’d rather let that happen than accept even a dime of higher taxes
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China is having a good week in America. I’d even suggest that there is some high-fiving going on in Beijing
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If he brings his A-game to energy legislation, Americans will follow — and then maybe we can have a good century.
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And by trying to shift the blame to the general populace, elites are ducking some much-needed reflection on their own catastrophic mistakes
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Last year he sunk the competition in a virtual election for Moscow city mayor, and the Russian and international press have since published numerous profiles about his online anti-corruption crusade.
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First, the proposed settlement only calls for loan modifications that would produce a greater “net present value” than foreclosure — that is, for offering deals that are in the interest of both home-owners and investors.
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In April, Samsung and Verizon announced a Galaxy Tab update, but the latest "Honeycomb" version didn't make the cut.
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Policy makers keep declaring that the economy is on the mend — and Lucy keeps snatching the football away.
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What will happen to America now that people like Mr. Cantor are calling the shots for one of its two major political parties?
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The answer is that these countries are facing something very much like a bank run, except that the run is on their governments rather than, or more accurately as well as, their financial institutions.
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Corporate Cash Con
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The Obama administration squandered a lot of potential good will early on by adopting banker-friendly policies that failed to deliver economic recovery even as bankers repaid the favor by turning on the president.
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