Op-Ed Columnist - Their Moon Shot and Ours - NYTimes.com

Thomas Friedman...

China Inc. just named its dream team of 16-state-owned enterprises to move China off oil and into the next industrial growth engine: electric cars.

Not to worry. America today also has its own multibillion-dollar, 25-year-horizon, game-changing moon shot: fixing Afghanistan.

This contrast is not good. I was recently at a Washington Nationals baseball game. While waiting for a hot dog, I overheard the conversation behind me. A management consultant for a big national firm was telling his colleagues that his job was to “market products to the Department of Homeland Security.” I thought to myself: “Oh, my! Inventing studies about terrorist threats and selling them to the U.S. government, is that an industry now?”

We’re out of balance — the balance between security and prosperity. We need to be in a race with China, not just Al Qaeda. Let’s start with electric cars.

Read the whole article here:
Op-Ed Columnist - Their Moon Shot and Ours - NYTimes.com

Downhill With the G.O.P. - Krugman

I can't help it, Krugman nails it time after time...
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On Thursday, House Republicans released their “Pledge to America,” supposedly outlining their policy agenda. In essence, what they say is, “Deficits are a terrible thing. Let’s make them much bigger.” The document repeatedly condemns federal debt — 16 times, by my count. But the main substantive policy proposal is to make the Bush tax cuts permanent, which independent estimates say would add about $3.7 trillion to the debt over the next decade — about $700 billion more than the Obama administration’s tax proposals.

[According to the “Pledge to America” ] everything must be cut, in ways not specified — “except for common-sense exceptions for seniors, veterans, and our troops.” In other words, Social Security, Medicare and the defense budget are off-limits.

So what’s left? Howard Gleckman of the nonpartisan Tax Policy Center has done the math. As he points out, the only way to balance the budget by 2020, while simultaneously (a) making the Bush tax cuts permanent and (b) protecting all the programs Republicans say they won’t cut, is to completely abolish the rest of the federal government: “No more national parks, no more Small Business Administration loans, no more export subsidies, no more N.I.H. No more Medicaid (one-third of its budget pays for long-term care for our parents and others with disabilities). No more child health or child nutrition programs. No more highway construction. No more homeland security. Oh, and no more Congress.”

Op-Ed Columnist - Downhill With the G.O.P. - NYTimes.com

The Great Divergence In Pictures: A visual guide to income inequality.

Aside from the caption I put on it, I'll just let this one stand on it's own. 
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And you're still voting Republican?

 

 The Great Divergence In Pictures: A visual guide to income inequality.

Krugman - Things Could Be Worse - NYTimes.com

Krugman deserves another posting...
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"It’s hard to overstate how destructive the economic ideas offered earlier this week by John Boehner, the House minority leader, would be if put into practice. Basically, he proposes two things: large tax cuts for the wealthy that would increase the budget deficit while doing little to support the economy, and sharp spending cuts that would depress the economy while doing little to improve budget prospects. Fewer jobs and bigger deficits — the perfect combination."

Op-Ed Columnist - Things Could Be Worse - NYTimes.com: