The Rigged Economic System: Why No One Can End Reagan’s “Dead Wrong” Voodoo Economics By Paul Rosenberg, Salon, March 20, 2015
Trillion Dollar Fraudsters by Paul Krugman, New York Times, MARCH 20, 2015
4 Ways the Next Fight Over Spending in Washington Could Seriously Affect Your Life Why this year’s budget debate matters — and why you need to be actively engaged. By Isaiah J. Poole / Campaign for America’s Future, March 16, 2015
Obama’s Budget Lays Out an Ambitious Evidence-Based Policy Agenda by Elaine Kamarck, brookings.edu, February 5, 2015
Trickle-Down Cruelty and the Politics of Austerity By Henry A Giroux, Truthout | Op-Ed, July 11, 2011 …Any society that allows the market to constitute the axis and framing mechanisms for all social interactions has not just lost its sense of morality and responsibility; it is given up its claim on any vestige of a democratic future. Market fundamentalism along with its structure of extreme inequality and machinery of cruelty has proven to be a death sentence on democracy. The time has come…to rethink what a real democracy might look like and to consider what it will take to actually organize collectively to make it happen.
Who’s Not Sorry Now? Editorial, New York Times, April 11, 2010 …The latest public hearings of the Financial Crisis Inquiry Commission, held last week, made headlines for eliciting more apologies from financiers who presided over the market collapse… he [Charles Prince, CEO Citigroup) could have and should have seen it coming.…the financial crisis was not an accident and they were not powerless. The crisis was the result of irresponsibility and misjudgments by many people,…The purpose of the inquiry is not catharsis. It is to determine the causes of the crisis and present the truth. A successful inquiry would compel the government to take appropriate corrective action.…Congress’s efforts at financial reform appear to be weakened daily by politicians who are more concerned with campaign donations than regulating the financial system.
Four Deformations of the Apocalypse by David Stockman, New York Times, August 31, 2010 – David Stockman, a director of the Office of Management and Budget under President Ronald Reagan, is working on a book about the financial crisis. …Republicans used to believe that prosperity depended upon the regular balancing of accounts — in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses, too. But the new catechism, as practiced by Republican policymakers for decades now, has amounted to little more than money printing and deficit finance — vulgar Keynesianism robed in the ideological vestments of the prosperous classes.
This approach has not simply made a mockery of traditional party ideals. It has also led to the serial financial bubbles and Wall Street depredations that have crippled our economy…
debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party’s embrace, about three decades ago, of the insidious doctrine that deficits don’t matter if they result from tax cuts……it’s a pity that the modern Republican Party offers the American people an irrelevant platform of recycled Keynesianism when the old approach — balanced budgets, sound money and financial discipline — is needed more than ever.