LBO #128—just emailed to electronic subscribers, and on press for the print audience.
Contents:
•Austerity in the face of weakness
•Andy Stern, stocks, and Social Security
•the energy picture: how the U.S. stacks up (badly), and how we’re doing on renewables (badly)
• The Nation moves its money
• localism in Portland
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The following exchange is from the blog Corrente:
[letsgetitdone:] Why are we talking about [cutting Social Security,] anyway? Because Obama appointed the Catfood Commission after Congress voted down the idea. Obama couldn’t take no for an answer. He kept the possibility of entitlement cuts on the table, when he could have left the Commission for dead.
[lambert:] So now the careeer “progressives” want our money and time for a battle we should never have to even fight in the first place, _because the President they support is making us fight it!_
http://www.correntewire.com/comment_day_37
By: Shane Taylor on July 26, 2010
at 11:57 am
Couldn’t a cut in Social Security ‘entitlements’ be considered a de facto bond default ?
Anyhow, I see the current Republican Party doctrines as taking the U.S. straight down the road to default.
By: purple on July 27, 2010
at 7:16 pm