GOP shows historic amnesia on spending cuts

On the budget, Republicans need to address past mistakes and specify which programs they’d cut.

Read more – http://bit.ly/9HaNjA

Is the Republican Victory Plan Another Great Depression?

It seems like the Republicans in Congress have decided that sabotaging economic recovery and employment growth is their best tactic for electoral gains in the November elections. Indications of this plan have been around since the Democratic victories in 2008. It seems that all doubt about facilitating the economic downturn as a path to political power for Republicans have been removed by recent legislative votes.

Read more – http://bit.ly/drwDf2

How My Republican Party Destroyed the American Economy

If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation’s public debt — if honestly reckoned to include municipal bonds and the $7 trillion of new deficits baked into the cake through 2015 — will soon reach $18 trillion. That’s a Greece-scale 120 percent of gross domestic product, and fairly screams out for austerity and sacrifice. It is therefore unseemly for the Senate minority leader, Mitch McConnell, to insist that the nation’s wealthiest taxpayers be spared even a three-percentage-point rate increase.

Read more – http://www.nytimes.com/2010/08/01/opinion/01stockman.html?th&emc=th