Robert Reich: As The Global Economy Trembles, Our Nation's Capital Fiddles

[Better Believe It]

As The Global Economy Trembles, Our Nation's Capital Fiddles
Robert Reich
March 17, 2011

Amazingly, the big debate in Washington is about how whether to cut $10 billion or $61 billion from the federal budget between now and September 30.

What about the Democrats? Most know how fragile the economy is but they’re afraid to say it because the White House wants to paint a more positive picture.

And most of them are afraid of calling for what must be done because it runs so counter to the dominant deficit-cutting theme in our nation’s capital that they fear being marginalized. So they’re reduced to mumbling “don’t cut so much.” Call them fools.

The U.S. economy is flirting with another dip at a time when the global economy is teetering and most Americans are still in economic trouble. But nothing is being done in our nation’s capital because knaves and fools are in charge.

Read the full article at:

http://robertreich.org/

[grahamhgreen]

1. typo - how whether. Has Reich given up on "free trade"?

[Better Believe It]

3. A decade ago. But President Obama hasn't.

[old mark]

2. K&R Knaves and fools indeed...nt

[Better Believe It]

4. Kick

[unkachuck]

5. K&R....n/t

[unhappycamper]

6. Get out of the sandbox - you'll free up at least $200 billion a year. n/t

Then you can write "Mission Accomplished" on budget cuts.