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A question of timing: What America can learn from the revolt in Europe

Robert Reich, professor of public policy | May 7, 2012

Who’s an economy for? Voters in France and Greece have made it clear it’s not for the bond traders. Referring to his own electoral woes, Prime Minister David Cameron wrote Monday in an article in the conservative Daily Telegraph: “When people think about the economy they don’t see it through the dry numbers of the … Continue reading »

Don’t fall for the GOP line: There is no budget crisis. There’s a job and growth crisis.

Robert Reich, professor of public policy | July 28, 2011

A friend who’s been watching the absurd machinations in Congress asked me “what happens if we don’t solve the budget crisis and we run out of money to pay the nation’s bills?” It was only then I realized how effective Republicans lies have been. That we’re calling it a “budget crisis” and worrying that if … Continue reading »

What to do about the debt ceiling

Brad DeLong, professor of economics | July 27, 2011

I vote for Calculated Risk‘s Option #1: The Treasury’s lawyers should simply announce at 9 am Monday morning that (a) since the Constitution prohibits questioning the validity of the national debt, and (b) since the continuing resolution that mandates spending through September 30 was passed later in time than the restriction on borrowing, that (c) … Continue reading »