Puerto Rico’s debt dwarfs Detroit’s when it went bankrupt. But as a U.S. territory, the island cannot file for bankruptcy without new legislation from Congress.
The European debt crisis has little to do with poor budgeting and everything to do with crony capitalism.
Supreme Court refusal to hear appeal spells 'terrible news for all of the developing world'
Sociologist Theda Skocpol tells what drives the angry right -- and what comes after the government shutdown. The Right in this country, over the last half century, has recognized that fighting across many localities and states is worth it. And they've developed mechanisms for doing that, and that turned out to have a big payoff in Congress. The real problem that you've got right now on the Left is how to defeat this stuff, how to contain it, how to beat it.
On Monday, a grassroots, anti–corporate tax-dodging coalition called Flip the Debt crashed a "Fix the Debt" party at St. Anselm's College in New Hampshire hosted by Honeywell CEO David Cote to tell the gathered deficit hawk disciples that paying their "damn taxes" would be a better solution than crippling the nation with fiscal austerity measures.
Spread the word