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04-01-2012, 09:14 AM   #1
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NYT: Obama vs. Boehner: Who Killed the Debt Deal?

A detailed (12-page) article on the failed negotiations on the 'grand bargain', in essence a compromise to raise federal revenues and cut spending: http://www.nytimes.com/2012/04/01/magazine/obama-vs-boehner-who-killed-the-debt-deal.html

04-01-2012, 01:41 PM   #2
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sunday lesson.

–A quick, Sunday afternoon’s lesson in the difference between monetary non-sovereignty and Monetary Sovereignty.

QuoteQuote:
It’s Sunday afternoon, a time to lean back, close your eyes and let your imagination run free, while I tell you everything you need to know about modern economics:

Visualize a poor guy, who has no source of income, repeatedly borrowing from one credit card to pay another credit card. That’s Greece.

Got it?

Now visualize a rich guy, who has an unlimited source of income, but still repeatedly borrowing from one credit card to pay another credit card. That’s America.
04-02-2012, 07:19 AM   #3
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And the house budget depends upon finding 700 billion per year in tax loopholes to close, while ruling out the major loopholes for the wealthy. http://www.nytimes.com/2012/04/02/opinion/krugman-pink-slime-economics.html?_r=1
04-02-2012, 03:39 PM   #4
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Did Boehner stop crying for the greedy and turning oranger?

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