America’s current credit rating masks a fatal contradiction, and a downgrade is the only honest assessment of an empire in decline. The expanding war in Iran and the subsequent crisis in the Strait of Hormuz have fractured global energy supply chain
Reader Comments: Why I voted no on the McCarthy agreement; Supreme Court rulings; Henry Kissinger; Ukraine War; UPS Ready To Strike; Karl Marx’s Critics; Wealthiest Billionaire in Each State; Bill Fletcher's New Novel; Cartoons; more....
As negotiations with congressional Republicans over raising the debt ceiling drag on, at least five U.S. senators are circulating a letter that urges President Joe Biden to prepare to invoke the 14th Amendment of the U.S. Constitution.
Reader Comments: GOP Rot at the Top; Florida Lies; MAGA PRESENTS: The Three Scamigos; Nabka at 75; 75 Years of the Universal Declaration of Human Rights; African American Singing Traditions; Cartoons; more....
Josh Bivens and Samantha Sanders
Economic Policy Institute
President Biden should do “whatever it takes” to avoid an economic catastrophe. House GOP-led efforts are to blame for the impending debt crisis. In 2011, the GOP’s demands for massive spending cuts sabotaged the Great Recession recovery.
Reader Comments: GOP Defends Sex Offender; Debt Crisis; Child Labor Laws, Population Decline; Yes, I Am Latina. And No, I Am Not Mexican -An Exchange; Vietnam 50 Years Later; Charlene Mitchell Memorial Livestream Link; Yuri Kochiyama; more
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