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Congressman Nick Mulvaney cut his own slice. The wild theory is that even if the u. S. Breaches the debt ceiling the treasury could continue to prioritize certain payments including social security. Its a line of logic refuted by cannot mists and most people with a general understanding of the way things work. Last week the Treasury Department learned default would lead to the events of the magnitude of late 2008 or worse. Credit markets could freeze, the value of the dollar could plummet, u. S. Interest rates could skyrocket, negative could spill around the world. Cost in 20111 million jobs and 19 billion in borrowing costs. What do actual economists know about this stuff . Apparently a lot. Said former staff director of the budget committee, i donten any serious person who doesnt think this will be cataclysmic. Dont blame numbers crunchers saying default is a good thing ....
Let me finish tonight with this. A sixth of our country is now of hispanic background. 1 in 6 and growing, imagine the enhanced dignity they must feel today after what happened late yesterday in rome. The election of pope francis is something so new it may take a while to get our heads around it. It wont take that long for people who come from latin american backgrounds. All the people here in our country from Central America and the caribbean, they must be thrilled. And the cardinal from buenos aires was a surprise last night. He wasnt even mentioned of the possible popes of the newspapers. My sense is hell be very offbeat from what were used to in politics in this country. Usually you hear someone from the suburbs say im a liberal on social issues but conservative on economic issues. Well pope francis is the opposite from you. Hes conservative on issues like marriage and equality, but progressive on poverty and justice. Some ol ....
1 in 6 and growing, imagine the enhanced dignity they must feel today after what happened late yesterday in rome. The election of pope francis is something so new it may take a while to get our heads around it. It wont take that long for people who come from latin american backgrounds. All the people here in our country from Central America and the caribbean, they must be thrilled. And the cardinal from buenos aires was a surprise last night. He wasnt even mentioned of the possible popes of the newspapers. My sense is hell be very offbeat from what were used to in politics in this country. Usually you hear someone from the suburbs say im a liberal on social issues but conservative on economic issues. Well pope francis is the opposite from you. Hes conservative on issues like marriage and equality, but progressive on poverty and justice. Some old style democrats who are pro life but solid on health care for the poor, protection of ....
The pain of mccain, lets play hardball. From washington, let me start with this, why is john mccain so angry . 40 years after the vietnam p. O. W. S came home the most famous of them is angrier than ever. We are we fighting vietnam again in the u. S. Senate. The tickedoff hagel, is it just for show . The basic unfairness of vietnam itself that some went and some didnt . Is it about Lyndon Johnsons inability to win the war or end it . What is it about john mccain that seems to excite those who know nothing about vietnam. Well tonight we dig into the deep well of resentment burning in john mccains patriotic heart. A resentment not against the north vietnamese who imprisoned and tortured him, not against george w. Bush and his political henchmen who tried to stain mccains reputation. But just like he did, in the same army of americas long nightmare in vietnam. Im joined by david corn with mother jones and joy reed with the grio. I h ....