Tag: paul krugman

Reminder: President Obama cut spending over 4% in 2012 and 2013, but the world didn’t end, despite claims we were heading over the cliff without brakes

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While you wouldn’t know it from the collective outrage visited upon us daily, between 2011 and 2013, total federal spending fell from $3.6 trillion to $3.45 trillion, but then as now, many predicted disasters that simply didn’t happen.  As is so often the case in our increasingly absurdist times, the conventional wisdom holds that all… Continue reading Reminder: President Obama cut spending over 4% in 2012 and 2013, but the world didn’t end, despite claims we were heading over the cliff without brakes

When did every New Year become the winter of our discontent?

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It is the supreme irony of our age that we live in a period of more peace, prosperity, and health than the world has ever known, one where new wonders arise practically weekly, but cannot bring ourselves to acknowledge how truly lucky we are.  There are years that are objectively bad.  No one, or at… Continue reading When did every New Year become the winter of our discontent?

Everyone knows the economy sucks except Joe Biden and the media, part two

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Last week’s dismal GDP growth number occurs as President Biden ends the use of the term “Bidenomics,” not because his policies don’t work, but because you are too dumb to understand them. Last week’s dismal GDP growth number will prove to be the last gasp of “Bidenomics,” a word that will live in political infamy… Continue reading Everyone knows the economy sucks except Joe Biden and the media, part two

Donald Trump and the creation of pseudo-crimes

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The great historian Daniel J. Boorstin coined the phrase “pseudo-events” to describe the modern contrivances between politicians and the press that have the semblance of news but remain artificial and choreographed.  Welcome to the era of “pseudo-crimes” where there is no underlying criminal act, only an endless investigation with the sole purpose of an indictment,… Continue reading Donald Trump and the creation of pseudo-crimes

Biden’s budget is why the debt ceiling exists in the first place

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The debt ceiling debate takes a strange turn after President Biden demands something of a duel among budgets without realizing that his own $6.9 trillion monstrosity, which would more than double the entire budget of just six years ago, is why the debt ceiling exists in the first place. Earlier this week, the Republican Speaker… Continue reading Biden’s budget is why the debt ceiling exists in the first place

Debt ceiling: Get ready five months of nonsensical bloviating over our insane finances

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The names of the politicians in Washington change, but the debt and the debt ceiling keep on increasing at an almost exponential rate, over a monstrous $30 trillion.  Some, however, continue to insist that raising the debt ceiling is just a routine vote that should be accomplished without question, while others claim the idea of… Continue reading Debt ceiling: Get ready five months of nonsensical bloviating over our insane finances