Deficit Archive

Our govt molding our children’s minds

See below what our govt. is directing at our children. Truly depressing. All donations to my campaign are added to what I’m spending anyway to try to get the word out. Many thanks to all of you who have already donated, no matter how small!!! It all goes into the pot to ...Read More

Mosler TV interview video

This video has the initial segment of my presentation at the April 28th fiscal sustainability conference, followed by an interview that I was told aired in Russia. It includes my euro zone proposals and proposals for the US Economy. ...Read More

just when you thought it couldn’t get any more inane

Getting worse by the minute. >    >   (email exchange) >    >   On Thu, May 27, 2010 at 7:51 PM, wrote: >    >   Does anyone know of some way to talk to her? >   This is embarrassing. >    Clinton spotlights US debt as diplomatic threat Clinton says debt, deficit threaten U.S int’l position U.S. committed to tough ...Read More

Lawrence Summers on the economy

>    >   (email exchange) >    >   On Mon, May 24, 2010 at 6:50 PM, wrote: >    SUMMERS: “FOR MILLIONS OF AMERICANS, THE ECONOMIC EMERGENCY GRINDS ON” – WH adviser Larry Summers spoke to the Johns Hopkins School of Advanced International Studies today: “[T]he observation that the economy is again ascending does not mean that ...Read More

Krugman has it right

Lost Decade Looming? By Paul Krugman May 20 (NYT) —Despite a chorus of voices claiming otherwise, we aren’t Greece. We are, however, looking more and more like Japan. For the past few months, much commentary on the economy — some of it posing as reporting — has had one central theme: policy ...Read More

senator kohl on SS “solvency”

Press Release of AGING – NON Committee KOHL: SOCIAL SECURITY SOLVENCY, TARGETED BENEFITS CAN BE IMPROVED WITH MODEST TWEAKS Aging Committee Report Delivered to Members of the Fiscal Commission Contact: Ashley Glacel (202) 224-5364 Tuesday, May 18, 2010 WASHINGTON, D.C. – Today U.S. Senator Herb Kohl (D-WI), Chairman of the Senate Special ...Read More

Trichet statement

Trichet rejected the notion that fiscal discipline would hamper growth in the Eurozone. He’s wrong for the macro economy. “It is a complete fallacy to say that fiscal soundness dampens growth. It is exactly the contrary. It is the absence of fiscal credibility which dampens growth,” he said. He’s right at the ...Read More

Marshall’s latest

REPEAT AFTER ME: THE USA DOES NOT HAVE A ‘GREECE PROBLEM’ By Marshall Auerback To paraphrase Shakespeare, things are indeed rotten in the State of Denmark (and Germany, France, Italy, Greece, Spain, Portugal, and almost everywhere else in the euro zone). An entire continent appears determined to commit collective hara kiri (link), ...Read More

Fighting back against the move to slash Social Security

Social Security is not being attacked on its merits. Therefore the bleeding heart arguments will not prevail. The protagonists believe the problem is that the federal government is on the road to financial ruin, and not merits of Social Security per se . My conclusion is the only message that will work ...Read More

ECB meeting preview / ECB intervention?

In case you had not seen this. If the ECB bought Greek bonds in the secondary market and issued an ECB bond as suggested below, that could be a reasonable solution out of this mess? They don’t need to issue the ecb bonds unless the money markets have excess reserves driving short ...Read More