Monthly Archives: August 2011

If the United States is heading for a future as just one of the world’s major powers, not the overwhelmingly dominant economic and military force it has been for the last century, what are the implications for US politics?   Charles … Continue reading →

CNN had this to say about President Obama’s speech in Decorah, Iowa yesterday: “The president said he will release a detailed plan to boost the economy, create jobs and control the country’s deficit when Congress returns to Washington in September” … Continue reading →

After Monday’s market sell-off, Republican leader Eric Cantor was quick to blame President Obama’s “anti-business, hyper-regulatory, pro-tax increase agenda” saying it “has led to dangerous uncertainty in our economy.”  Of course, by Friday the markets had almost fully recovered, without Obama … Continue reading →

Republicans are fond of saying that the U.S. doesn’t have a revenue problem, it has a spending problem.  They are dead wrong.  We have neither a revenue problem, nor a spending problem.  The critical issue of the day is that … Continue reading →

The new “Supercommittee” is supposed to be “super” in two ways.  First, it is designed to succeed where Congress as a whole failed, coming up with a plan to cut the US Federal budget deficit by $1.5 trillion dollars (in addition to … Continue reading →

People are asking the media — my gosh, could what is happening in London happen in the U.S.?  They forget that it already  happened here — and many times over, most recently in Los Angeles in the Rodney King riots of … Continue reading →

Last week brought us news that, faced with the threat that if the “Supercommittee” fails to find $1.5 trillion in budget cuts, there will follow automatic cuts of $600 billion each to the defense budget and medicare, lobbyists decided to pull together … Continue reading →