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kliuless (4)

Bruce Bartlett, senior policy analyst in the Reagan White House, speaks out against Republicans - The monumental hypocrisy of the Republican Party is something amazing to behold. And their dimwitted accomplices in the tea-party movement are not much better. They know that Republicans, far more than Democrats, are responsible for our fiscal mess, but they won't say so. And they adamantly refuse to put on the table any meaningful programme that would actually reduce spending. Judging by polls, most of them seem to think that all we have to do is cut foreign aid, which represents well less than 1% of the budget. [more inside]
posted by kliuless on Jul 26, 2010 - 156 comments

Make Work^[1,2,3] or: How I Learned^[4,5] to Stop Worrying^[6] and Love Deficit Spending^[7,8,9] (during a general glut at the zero bound) -- When I was a kid, if I was sitting around the house and complained I didn't have anything to do, my mom would always respond the same way. "I'll find something for you to do," and she would. It was make work, she was finding something for me to do on the spot to cure my unemployment problem... [more inside]
posted by kliuless on Jun 8, 2010 - 33 comments

Information is stimulus, confusion is contraction.
posted by kliuless on Oct 18, 2009 - 15 comments

President Obama's plan for American Recovery and Reinvestment [pdf] might be thought of as TARP round two [1,2] -- instead of hiding the bodies, this one's preparing the ground for a big tent or the economic equivalent of war. There are critics and detractors (cramdown nation ;) left and right, natch, but also conservative supporters and progressive defenders to save or create three four million jobs; hooray! [more inside]
posted by kliuless on Jan 11, 2009 - 51 comments