Um, can we indulge in the gleeful brutalization of a dead horse and talk about how stupid our political system is to allow a Republican filibuster lead to a (mostly) bad $900 billion deal that would extend the Bush tax cuts and slash the estate tax?
A temporary extension of tax cuts for high incomes fixes nothing. All the arguments in favor of “not raising taxes” (on the richest 2 percent) are flawed, but the Democrats never owned this battle from the start. The argument that ending the tax cuts would prompt small businesses to lay off their employees, as Mitch McConnell likes to say, is flat out wrong. Basic economic principles tell us that businesses hire workers based solely on their optimal supply. So, if you were running a shoe factory that produces 1000 pairs a week, you decide to makes that much since 1000 pairs is the most you could sell profitably; it’s where your marginal costs match your marginal benefits. These dynamics don’t change when the government raises taxes on your profits. One thousand pairs will still be the most you could sell profitably, so you definitely wouldn’t fire any of your workers. Read more…





The word “cut” more or less says the same thing in both politics and medicine: it doesn’t count as surgery unless you do it right. So though Republicans have been flouting cuts for months before their takeover of the House,
Last Friday 
Andrew Shirvell, the assistant attorney general of Michigan,
Last Thursday House Republicans met up at a hardware store in Virginia, first and foremost to fix John Boehner’s broken tanning bed, but to also unveil their
This week the White House
Nearly anywhere in the country, judges will sentence convicts with no consideration of the costs to the state. Justice, apparently, is all that matters. (Though it’s been proven that’s
Remember how Rep. John Boehner, the House Minority Leader with 


