The violence in Egypt is simply breathtaking. Maybe heartbreaking is a better term.. I understand that Egyptians, for the most part, weren’t happy with the Muslim brotherhood. I’m sorry. If you indeed had a free and fair election, you need to live with the consequences. I am sitting here in North Carolina seizing over what has happened to what was the most progressive state in the South. Our answer is not to take to the streets and begin randomly shooting people. Instead, we are organizing. We’re going to get more people registered to vote. We’re going to vote these ultra conservative Republicans out of office and take back our state.
Paul Krugman had two excellent posts yesterday. The first post had two things that were very interesting to me. First, Professor Krugman wondered if most Americans knew that the budget deficit has been rapidly decreasing. Somebody from Google got in contact with him and they quickly put out a survey. This isn’t the exact same thing as a poll, but it does give you an idea of the power of the Internet. The poll suggested that over 75% of the respondents had no idea that the federal deficit had significantly decreased. This brings me to my next point, that the budget deficit has significantly decreased compared to GDP.
In Paul Krugman’s other post, he talks a little bit about the economy in the Netherlands. The Netherlands had the kind of “Grand Bargain” that several in Washington have been arguing for for the last couple of years. Basically, cut the federal budget and cut the federal budget some more. Then, when you think you’re through, cut the federal budget once more for good measure. Well, this didn’t work out so well for the Netherlands. Their economy is in the tank. Continue reading News Roundup – Egypt, Paul Krugman, North Carolina→
Sure, March’s employment report was a big disappointment. But it’s hard to see any direct connection between those poor job numbers and the sequester. The government has been shedding jobs for years. Most of the losses in March were from the Postal Service.
Take a closer look, though, and Americans are starting to feel the pain. They just don’t know it yet.
That’s because so much of what the government does affects the nation in local, decentralized ways. Federal funds find their way to community housing authorities, state unemployment offices, local school districts, private universities, and companies. So it’s hard for most Americans to know the sequester is responsible for the lost funding, lost jobs, or just plain inconvenience.
A tiny sampling: Brandeis University in Waltham, Massachusetts is bracing for a cut of about $51 million in its $685 million of annual federal research grants and contracts. The public schools of Syracuse, New York, will lose over $1 million. The housing authority of Joliet, Illinois, will take a hit of nearly $900,000. Northrop Grumman Information Systems just issued layoff notices to 26 employees at its plant in Lawton, Oklahoma. Unemployment benefits are being cut in Pennsylvania and Utah. (more…)
On the Korean Peninsula: “American and South Korean troops increased alert levels on Wednesday as South Korea’s foreign minister warned that North Korea could launch its medium-range Musudan missile ‘any time from now.'” U.S. defense officials are also “highly confident” that North Korea is planning the imminent launch of a medium-range missile.
An earlier version of this post said Tuesday. It was Wednesday. Need more sleep!!
Happy New Year to Everyone. Here’s today’s News Roundup
Congratulations to Stanford University. I guess it is time for us to consider Stafford a legitimate football powerhouse. Really? Stanford? 🙂
There was lots of consternation and handwringing in the House last night. The Senate overwhelmingly passed a lukewarm bill and for some reason this bill drew instant scorn from Eric Cantor and other conservative Republicans. In the end, 85 Republicans joined almost all of the Democrats to lock in the Bush-era tax cuts for the middle class. I think that this, as a whole, is a good thing. I do not, however, think that this is cause for the happy dance. I think we have many challenges ahead and the House GOP has basically told us that they want, that they lust after, spending cuts. This is not going to get any easier.
The House decided that the East Coast did not need any relief from Hurricane Sandy. They adjourned without taking any action. I just don’t understand how that is acceptable.
Finally, I saw this from the South Carolina – Michigan game. It was tweeted out by Rich Eisen. This is an incredible hit. When you’re talking about an explosive hit, this is what you’re talking about. Wow!