Archive for July, 2011

Will Krugman ever tell his readers that the US has a fiat currency?


Well, maybe if you had broken sharply from the conservative frame, millions of Americans would have risen up and said, “No! We do not have to make ‘tough choices’. America cannot go broke. The US government can always AFFORD to make good on its promises to the elderly, disabled, poor, etc. and also pay bondholders. It is the ISSUER of a non-convertible fiat currency, not the USER of a stateless currency like Greece, Italy, etc.” You never explained any of this honestly. You hedged and gave ground, saying things like, “Well, yes, the deficit is going to be a problem in the medium or long run, but we should focus on employment right now.” Don’t you see what a losing argument that is?

It’s like saying, “I know we need to go on a diet, but first we need to go out an buy a bigger pair of pants.”

No wonder progressives are losing! You’re allowing the GOP to frame the debate instead of re-framing it for a progressive audience.

You, Dean Baker, Robert Reich, Larry Mishel, etc. should have spoken honestly about the debt, deficit, Social Security, etc. from the beginning.

Progressives should follow Jamie Galbraith, Warren Mosler, Bill Mitchell, Yeves Smith, and everyone at They are the last progressives standing.

Obama’s, Congress’s, and City Council’s war on DC’s poor

Mark Warner D-Empty Suit

Warner is advocating that we default on the debt owned to future retirees. He is such a one termer.

Procrustes evaluates DC teachers

Candi Peterson

DC Public Schools Chancellor Kaya Henderson issued “You’re fired letters” this past week to 206 DC teachers. Before DC teachers knew of their own fate, the mainstream media had received a lengthy DCPS press packet on Friday, July 15 from the Office of the Chancellor (OOC) lauding teacher terminations and celebrating highly effective teachers eligible for merit pay. Bill Turque, staff writer for the Washington Post reported on the details of the DCPS firings as early as July 15. Turque wrote: “Of the 206 fired, D.C. officials said, 65 were rated ineffective this year and 141 were judged minimally effective for the second consecutive year, triggering dismissal.” An additional twenty-one teachers who were effective and/or highly effective were also terminated by DCPS because they could not find a permanent placement.</blockquote

What is the difference between Vincent Gray and Adrian Fenty? What does it matter? I really wish that public employee unions would take a look at DC Statehood/Greens, because the Democrats are not doing anything for them.

DC City Council sides with Sindley Whiplash

Guess it is okay again to steal homes in D.C.

Fraudclosure Fail | D.C. Council Alters Foreclosure Law, Removes Clause Which Said That Any Violation of the Law Would Void a Foreclosure

I don’t know what the vote was; but every single kleptocrat who voted for this needs to be replaced.

Don’t rent at Fort Chaplin Apartments!

They have a very serious mold problem. They also have a mice problem.

DC government needs to take action. Councilwoman Yvette Alexander needs to take action. You know why some of our young people get involved in gangs? Because they grow up around lawlessness. When we tolerate moldy, vermin infested apartments, we are telling young people that the law is not there for them. We are telling them that the law is only for the protection of rich people, that there is no justice for slum tenants.

Michelle Rhee under investigation

Schadenfreude alert:

The U.S. Department of Education has been active in the District’s investigation into possible cheating on the DC CAS, a spokesman for the D.C. Inspector General’s office said Thursday.

Public Opinion Manipulation 101

From Margaret Flowers:

The abusive techniques used to manage public meetings are being so much overused that if the steps noted below are widely distributed (at the meetings?), the political managers will perhaps change their processes.

Read the whole thing, pass it one to friends.