Corrente

If you have "no place to go," come here!

Republican Looting

letsgetitdone's picture

Stop “the Great Betrayal:” Kabuki Update

It now looks like the big media and leaders in both parties are no longer focusing on the Government Shutdown crisis, but are now moving on to the notion that the shutdown is melding with the upcoming probable breaching of the debt limit to create a combined mother of all fiscal crises. Along with this, the media and many politicians, encouraged by the President's standing “strong, strong, strong,” are now directing attention away from whether ObamaCare will be delayed or compromised, to other types of ransom the Administration might pay in return for both re-opening the Government and also providing an increase of an undetermined amount in the debt limit. Meanwhile there are reports that under increasing Wall Street pressure John Boehner is preparing to negotiate with House Democrats and allow a vote to pass a CR and a clean debt limit increase bill, in return for concessions he can take back to his caucus.

TINA does not apply in this case, and the President's choices are not limited to just refusing to negotiate or giving in to ransom demands whether focused on Obamacare, the Keystone Pipeline, entitlement cuts,“tax reform frameworks” or any other measures that give “tea party” Republicans “the respect” they think is due them. By continuing to frame things in this way, the media and politicians in both parties are echoing the Administration's framing of the situation and absolving the President of his share of the blame for the debt limit crisis. They are also preparing the way for a compromise, that will, almost certainly, result in hurtful cuts to Government spending including renewed consideration of "the Great Betrayal," also known as the Grand Bargain, and probably passage of the chained CPI cuts to Social Security over the objections of a large majority of the American people. Read below the fold...

letsgetitdone's picture

New MSM Trillion Dollar Coin Wave Misses the Big Story: Pethokoukis and Wiesenthal

In this post I said I would blog about the likely expected relationship between the different Platinum Coin Seigniorage (PCS) options and inflation using the framework laid out by Scott Fullwiler! But, after reconsidering, I thought I'd hold off until later, and, instead, first provide a discussion of the "new wave" of MSM-based blog posts on the Trillion Dollar Coin (TDC) “solution” to the upcoming debt ceiling conflict. Read below the fold...

Jay's picture

Grandest Bargain Ever, a different wrinkle from Economist Richard Wolff

My "Dismal Science" diet comes from a wide variety of sources. As our corrupt national political establishment and discredited media organs begin to focus on post-election Catfood Commission politics, it's instructive to see how different economists read the writing on the wall, and come to a variety of conclusions. In this case I'd like to highlight the observations of Dr. Richard D. Wolff, who appears to come to a similar conclusion to the one I derived in my previous post about how the Grand Bargain is a shell game calculated to drain the public funds for private purposes (The Grandest Bargain Ever, Explained). Read below the fold...

DCblogger's picture

Tweet of the evening

Tags: 

https://twitter.com/emptywheel/status/172511620419952642 Read below the fold...

jest's picture

President Fuck You to fuck you heartily with a hot barbed mortgage settlement dildo

From HuffPo:

WASHINGTON -- The Obama administration, state attorneys general, and, perhaps, the nation's largest banks are close to a final settlement on the years-long struggle over allegations of massive foreclosure fraud, according to several sources familiar with the talks. And the final details of the arrangement, according to the source who revealed them, will apparently not preclude prosecutors and regulators from taking legal action against many of the common abuses during the house bubble. It remains to be seen whether all parties will ultimately sign off on the language.

Read below the fold...
jest's picture

Jan Brewer, now trying to buy back the Capitol buildings she astonishingly sold

Brewer wants legislature to buy back buildings

So is this an example of how the GOP wants to run gubmint like a business?

Jan Brewer on Monday asked lawmakers to buy back three buildings at the Capitol that were mortgaged off two years ago to balance the budget.

The move will cost the state $105 million out of its current budget surplus. Brewer press aide Matthew Benson said the state has the cash.

Read below the fold...
DCblogger's picture

Eric Cantor sells America short

Literally

Will Rep. Cantor Rake in Massive Windfall if Government Defaults? Read below the fold...

letsgetitdone's picture

AARP: I Know What You're Doing

Today, Fred Griesbach, AARP Campaigns sent me one of those unsolicited e-mails telling me all about AARP's wonderful work in defending Social Security and Medicare, and then asking me for a donation, so they could continue working their magic. Here's my reply.

Dear Fred,

I know about AARP's willingness to compromise on Medicare and Social Security for the sake of deficit reduction, and I'm Mad As Hell About it! Read below the fold...

letsgetitdone's picture

Impressions of the DC Protest Supporting Wisconsin

Last Saturday a protest expressing solidarity with the one in Madison, Wisconsin called “The Rally To Save the American Dream” occurred at DuPont Circle in Washington, DC. The protest was short, beginning at 12:00 Noon and ending at roughly 1:30 PM. It was organized by a coalition of progressive organizations including Move-on and Democracy for America. Union representation was also strong and included the DC Teachers Union, and the local Chapter of National Nurses United, a well as other local Unions. Read below the fold...

letsgetitdone's picture

The Simplest and Best Way Out

Well, the proverbial s__t is now hitting the fan in our State Governments, and we're looking at struggles in State after State between newly elected Republican Governors scapegoating civil servants, while they insist that taxes can't be raised on the wealthy and large corporations during a recession. Put briefly, the moves to austerity and the resulting conflicts in Wisconsin and other States are partly Democrats' fault, because they failed to pass a State revenue sharing bill to close the gap in State budgets, so that no cuts in services, employee benefits, or jobs would be necessary. Read below the fold...

brucedixon's picture

The Ronald Reagan We Remember, And Not So Fondly

Tags: 

It would take an entire library to move the mountain of fake history spun around the life and career of Ronald Reagan by now. Sometimes only a cartoon can approach the truth.

Aaron McGruder, in this intro to a Boondocks episode of a couple years ago, comes as close to capturing a piece of the mean and nasty spirit of the Gipper as anybody ever will.

Pages

Subscribe to RSS - Republican Looting
Turlock