The Problem is not Debt, it is Dysfunction

Dysfunction JunctionThe federal deficit is averaging in the mid one trillion range for several years now. Total federal debt is almost $16 trillion. These are massive numbers for sure, and they should concern us, but it is not these numbers for which to focus our attention. Instead, our focus should be on the dysfunction in government, and I say this as a liberal who believes in a government of the people.

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6 Facts That Prove President Obama Did Not Go On A Spending Binge

President ObamaMitt Romney and the rest of the Republican Party love a good story. They don’t have much concern for facts and accuracy, they just like a good story. And a good story to them is one that paints President Obama as dangerous and reckless for America. And nothing could be more reckless than a spending binge with tax payer dollars, right? Well, maybe. But did President Obama really go on a spending binge? Unfortunately reality has a way of intruding on the colorful stories Republicans tell.

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Paul Krugman: Neither candidate is offering a realistic tax plan

Running for office, especially president, has become more about the sport of it, more about the person running, and less about the country. Because of this we get fiscally reckless tax policy from both sides of the isle that panders to an ignorant, self-absorbed public. It’s easy to call for tax cuts. It’s weak to call for tax cuts when you know taxes need to be raised. At least on some level President Obama recognizes this with his call to raise taxes on the top 2%. Mitt Romney however, is completely delusional on tax policy. The idea that you can severely cut taxes and make up for it by closing loopholes and growing the economy is ludicrous. It’s what you say to people when you are more concerned with winning a job and less concerned with serving the country.

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Republicans Ready For Another Debt Ceiling Fight While Voting To Increase Debt

Republicans would have you believe that the economy, the deficit and even much of our long-term debt is on the shoulders of President Obama. Republicans in the House, particularly Tea Party Republicans, threatened to ruin the credit worthiness of the United States (although many would not acknowledge it) in last summer’s debt ceiling showdown. In fact, just days after they reached an agreement to increase the debt ceiling, Standard & Poor’s downgraded the credit rating of the U.S. government bond for the first time ever.

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Obama Calls ‘Paul Ryan’ GOP Budget ‘Thinly Veiled Social Darwinism’, But There’s Nothing ‘Veiled’ About It

Speaking at an Associated Press luncheon on Tuesday, President Obama called Paul Ryan’s (R-WI) Republican budget plan “thinly veiled social Darwinism.” The president was referring to the budget’s massive tax cuts for the rich and steep cuts to programs for the poor. The GOP budget is nothing more than trickle-down economic theory, a religion to Republicans. It’s also the same economic theory that has for 30 years failed to produce even a trace of the “trickle down” promised.

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