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Tempting Armageddon as a national strategic policy
If you want to get ahead in Washington, devise the most dangerous, reckless, merciless and destructive plan for US world domination. If it kills millions of people (especially if they are mostly women and children), you will be called a bold strategist. If tens of millions more become refugees, it will be even more impressive. […]
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Why Does the Government Borrow When It Can Print?
In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on both national defense ($498 billion) and Medicare ($465 billion). The interest tab also exceeded all the money spent on veterans, education, and transportation combined. Spending on interest is now the second […]
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Hell in a Very Small Place
Hell: the creditor of last resort Note: While I was writing this I thought about many things I experienced and read. Then as I was posting this the title of a book I read many years ago came to mind. Bernard Fall’s Hell in a Very Small Place. Fall was and remained a sympathizer with […]
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Tackling California’s Budget Crisis: Raise Taxes, Cut Programs, or Form a Bank?
In 2022, the state of California celebrated a record budget surplus of $97.5 billion. Two years later, according to the Legislative Analyst’s Office, this surplus has plummeted to a record budget deficit of $73 billion. Balancing the budget will be challenging. Unlike the federal government, the state cannot just drive up debt and roll it […]
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The Most Efficient Way to Minimize Social Inequality
A Washington Post columnist, Catherine Rampell, headlined on April 5, “The Great Medicaid Purge was even worse than expected” and reported: It’s a tale of two countries: In some states, public officials are trying to make government work for their constituents. In others, they aren’t. This week marks one year since the Great Medicaid Purge […]
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Tyranny by the Numbers: The Government Wants Your Money Any Way It Can Get It
The government wants your money. It will beg, steal or borrow if necessary, but it wants your money any way it can get it. This is what comes of those $1.2 trillion spending bills: someone’s got to foot the bill for the government’s fiscal insanity, and that “someone” is the U.S. taxpayer. The government’s schemes […]
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Divesting from Genocide and US Militarism
War tax resisters are taking to the streets to call for an end to genocide and endless war. They are divesting from the taxes that fund war and investing in people, planet, and justice. The US supports Israel with over $3 billion in military aid each year and has provided more military aid to Israel […]
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