It was bound to
happen. With Wisconsin Congressman Paul Ryan stubbornly—and
incorrectly—insisting government has to reduce spending for absolutely
everything, eventually his vicious cuts were going to become too much even for
is in danger of turning into destitute Greece, or so congressional Republicans
and conservative commentators have been warning us for years now. For many
reasons, this is an absurd comparison—but it may
As Barack Obama’s economic advisers confront choices that vary from bad to worse in their mission to revive the financial sector and the broader economy, it is worth remembering that those choices were in essence inherited by the president, who is still new to his office. Listening to his critics, especially on the right...