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Showing posts from May, 2011

chart shows where our massive debt came from

http://tpmdc.talkingpointsmemo.com/2011/05/chart-bush-policies-dominant-cause-of-debt.php?ref=fpblg "The Center on Budget and Policy Priorities has updated and refined a widely cited chart, laying out the origins of the country's current fiscal trajectory. And as before, the lion's share of the problem comes from ongoing George W. Bush-era policies -- particularly deficit-financed tax cuts, which eliminated Clinton-era surpluses and left the Treasury poised for a huge hit when the financial crisis and economic downturn further eroded federal revenues."

Nice talk on how our education system needs to change

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Did Bin Laden succeed? To a degree, yes

http://www.washingtonpost.com/blogs/ezra-klein/post/bin-ladens-war-against-the-us-economy/2011/04/27/AFDOPjfF_blog.html "Bin Laden, according to Gartenstein-Ross, had a strategy that we never bothered to understand, and thus that we never bothered to defend against. What he really wanted to do — and, more to the point, what he thought he could do — was bankrupt the United States of America. After all, he’d done the bankrupt-a-superpower thing before [USSR]. And though it didn’t quite work out this time, it worked a lot better than most of us, in this exultant moment, are willing to admit." The U.S. is indeed in great debt and a dangerous fiscal position. Perhaps that can be laid more at the greed of Wall Street and the lax oversight by the feds.  But certainly Bin Laden, by raising our paranoia level to a boiling point, contributed mightily to our current financial problems. Why did we go insanely crazy after 9/11?  It was an incredible terrorist attack to be sure....