debt limit

Government Close Down – Another Grand Betrayal in the Works?

October 3, 2013

Bill Black: Likely outcome is no change to Obamacare but more cuts to social safety net The Obama administration is planning to make further cuts to the social safety net in order to reach a political settlement with Republicans over the government shutdown, said economist and professor Williams K. Black. “It's the grand betrayal, as…

Stewart vs Krugman and the Religion of Austerity

January 18, 2013

Bill Black: Obama has options, including the trillion dollar coin, to refuse to negotiate under the gun but he’s taken them off the table; both sides subscribe to the dogma of austerity