Robert Kuttner: It took the accident of World War II for government to spend and invest at a level that finally brought back full production and full employment. Annual deficits were as high as 28 percent of GDP, more than triple the current level. Once prosperity returned, however, the debt level came steadily down. But Republicans have made it impossible for the government to increase spending to create jobs and investment, and deficit hawks of both parties would rather have government tighten belts. Click here to read more.
The notion that many of the very same institutions that helped cause the current housing crisis may well be making it worse is not only frustrating -- it's shameful.
With two weeks to go in the 2010 mid-term elections there are a number of good reasons to believe -- contrary to most conventional wisdom -- that Democrats will still control the House once the smoke clears from the electoral battlefield.
Extremists aren't rare in Alaska. But having a personal militia sort of is. Joe Miller's narcissistic, militant disorder has come to full light with the detainment of journalist Tony Hopfinger.
When our elected representatives can't and won't come up with a real jobs program, the Fed feels pressed to come up with a fake one that blows another financial bubble. And we know what happens when financial bubbles get too big.
In major religious traditions, is happiness a good thing, or bad? To be sought in this life, or the next? We're about to find out.
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