Failure Is Good

The supercommittee is supposed to reach an agreement on budget cuts by Wednesday. Barring a miracle, it will fail to do so. But, in this case, that is good news! Full Story »

Posted by Barry Grossheim - via Paul Krugman, New York Times (Opinion), Real Clear Politics, New York Times (Most Emailed)
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Subjects: U.S., Politics, Business, Media
Topics: U.S. Economy, Jobs
Member Tags: joint select committee on deficit reduction, federal budget (us), federal taxes (us), united states politics and government, united states economy, news and news media, republican party, Democratic Party, early morning update
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# Diggs: 62 (as of 2011-11-18)
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Posted by: Posted by Barry Grossheim - Nov 18, 2011 - 1:49 AM PST
Content Type: Article
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Nov 23, 2011 - 12:41 PM PST
Barry Grossheim
4.0
by Barry Grossheim - Nov. 18, 2011

Thought provoking, as always!

See Full Review » (6 answers)
Patricia L'Herrou
4.4
by Patricia L'Herrou - Nov. 19, 2011

mr krugman doesn't include much info in his analysis here, but most of that has been out there for a long time, including in many of his articles in the past, for those who want to know it.

i share his perspective here, not only on what needs to be done, bur on the way republican politicians interpret and/or deliberately change and/or renege on what they don't like even within a so-called agreement

See Full Review » (5 answers)
Randy Morrow
4.2
by Randy Morrow - Nov. 18, 2011

But in Republican-world, down is up. The way to increase revenue is to cut taxes on corporations and the wealthy, and slashing government spending is a job-creation ... More »

See Full Review » (11 answers)

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    In Democrat-world, up is up and down is down. Raising taxes increases revenue, and cutting spending while the economy is still depressed reduces employment. But in ...
    Posted by Dwight Rousu