Barney Frank smacks down National Pentagon Radio: – S&P has a long track record of error, over-rating private debt and undervaluing public debt – if you make more than $250,000 a year in taxable income, for the government to get another $30 from every additional thousand will have no negative impact on you are the…
One of the many destructive legacies of the Reagan Era was the effective Washington consensus that wars and other military spending exist on their own fiscal planet. Reagan got a Dixiecrat Congress to double military spending at a time when the U.S. was not at war (unless you were a poor person in Central America.)…
Last month, 60 Members of the House of Representatives, including 51 Democrats, voted against the war supplemental for Afghanistan, Pakistan, and Iraq. But this week, when the House is expected to consider the agreement of a House-Senate conference on the war funding, the supplemental could well be defeated on the floor of the House –…