Liberal attacks on Social Security are the unkindest cut of all.

The Center for American Progress’s Matt Miller has argued that liberals can learn a valuable lesson from NY Governor Andrew Cuomo’s proposed budget. With his state facing a fiscal crisis, the Governor has proposed to cap growth of state spending on the Medicaid program. Miller has argued that we should follow his example and apply a similar cap to Social Security spending.

Readers, once again an economist is accepting the outdated economic model baed upon a commodity based currency, and is flat out ignorant about how the monetary system actually works as well what the capacities of a fiat, sovereign currency actually are. Adler as an economist has accepted the assumption of the very crew of people who have been advocating for a model which is actually designed to serve the interests of financializaed capital and the elite who controlls that franchise. It is a lot like the Hannah Arendt metaphor of attempting to jump over your own shadow.

Readers, Bill Black is much more direct and clearly spoken. Tadit Anderson

Readers, this may be a bit hard to recognize, and the tone of this article is slightly sarcastic, and rightfully so. The side point is that so many nominal "Liberals" are deaf,dumb, and blind as a post when it comes to demonstrating that they actually understand how the fiscal process actually works under a fiat, sovereign currency.

You know the administration is desperate when it creates a web page citing economists who support its capitulation on taxes.

You know the administration is desperate when it creates a web page citing economists who support its capitulation on taxes.

This the third column in a series about President Obama's decision to agree to support the extension of Bush's tax cuts for the wealthiest Americans. The first column explained why the President folded on a winning hand on taxes. The second column showed that four of the five economists the administration was citing as supporting its plan were virulent opponents who were delighted that the President was capitulating to the Republicans and making them and their wealthy clients far richer. This column analyses Obama's claim that he got the better of the Republicans in the negotiations.

The crisis in the eurozone is leading, once again, to the adoption of
policies such as bail-outs [2] and austerity [3] that belong to the
neoliberal paradigm that partly precipitated the crisis. In fact, a
feature of the recent global conjuncture, starting with the 1997 crisis
in East Asia and culminating in the financial crisis and Great Recession
of more recent date, is that while economic events have discredited
neoliberalism as an economic ideology, it continues to dominate policy
discourse and practice. One reason is, of course, the continued

Readers, this article is mildly interesting, mostly because it both accepts the premise of taxation as a basis of raising funds to pay for governance, which is wrong, and it points out that the use of taxation cuts allegedly done to stimulate the economy by generating jobs has in recent history never accomplished that goal. The reason given is that no money is going to small business to make job growth in the US possible by one of the most historically potent part of the economy to create jobs, small business.

Readers, there is not much new in this article,imo, and I am in part posting it to affirm what I have been saying on this issue for sometime, and yes there are several other writers who have been saying something similar for a couple of years. The European Monetary Union and the European Union was an untenable concept as it was enacted.