Fans of reality will note that the immediate threat to the economy is the prospect of a sharp increase in taxes and cut in spending that will begin in the new year. How does this look like a "debt crisis?"A debt crisis is when no investors will buy your debt. 

The Post has to tone down the scare tactics in its push to cut Social Security and Medicare. It's slipping behind Fox News and the National Inquirer in the credibility category.

[Thanks to Michael Cushman for calling my attention to this one.]

 survey banner

subscribe today!

Site Maintenance

"The CEPR website currently takes longer to load than usual. We hope to have this and other issues addressed shortly. While this much needed site maintenance is taking place, our content is still available so please continue to slooowwwly surf the pages of our site. Thank you for your patience."