Budget

The Abject Failure of Reaganomics

Exclusive: House Republicans got next to nothing from their extortion strategy of taking the government and the economy hostage, but they are sure to continue obstructing programs that could create jobs and start rebuilding the middle class. What they won’t recognize is the abject failure of Reaganomics, writes Robert Parry.

The Anarchy of the Tea Party

As a catastrophic U.S. debt default looms, Republicans keep demanding they “get something” in exchange for reopening the government and removing a gun from the head of the economy. The new talking point is that “Democrats won’t negotiate!” But ex-CIA analyst Paul R. Pillar sees an anarchic method behind the madness.

The Koch Brothers’ ‘Samson Option’

Exclusive: The fiscal crisis in Washington is not simply a threat to economic and government stability, as serious as that is. It is a premeditated scheme to carve out a new constitutional structure that gives the Koch Brothers and other right-wing billionaires the power to void the democratic process, writes Robert Parry.

How Shutdown Hurts National Security

The Republican-induced shutdown of the federal government underscores the Right’s populist contempt for the nation’s democratic institutions. But the fiasco also has undercut America’s standing in the world and thus undermines U.S. security and global leadership, writes ex-CIA analyst Paul R. Pillar.

Playing Chicken with Food Safety

The U.S. Constitution empowers the federal government to “provide for the … general Welfare,” but free-market ideologues have distorted the Founding document’s plain language to fit their desires, including their new demands that food-safety rules be gutted, as Michael Winship explains.

America’s Government by Extortion

Exclusive: By forcing a U.S. government shutdown – and threatening a first-ever credit default – Tea Party Republicans are creating a new constitutional system which lets a determined white minority impose its will on the diverse American majority by inflicting so much pain that the extortionists prevail, writes Robert Parry.

Why Right’s Lemmings Don Suicide Vest

Exclusive: The government-sabotaging fervor of the Republican Right – likened by one GOP congressman to “lemmings with suicide vests” – can only be understood from inside the right-wing bubble where a distorted view of the Constitution prevails and actual democracy is disdained, writes Robert Parry.

The Four Eras of the American Right

Exclusive: In the coming weeks, the Republican Party and its Tea Party extremists vow to create budgetary and fiscal crises if the Democrats don’t gut health-care reform and submit to a host of other right-wing demands. But a driving force in this craziness is an anti-historical view of the Constitution, writes Robert Parry.

GOP’s Mad Health-Care Vendetta

Republicans and their Tea Party allies are plotting one more frenzied assault on the Affordable Care Act by disrupting congressional townhall meetings and possibly holding the full-faith-and-credit of the United States hostage. But the madness may just expose how crazy the GOP has become, writes Beverly Bandler.

Will Obama Pick a Retread for Fed?

The choice of the next Fed chairman will have a big impact on the U.S. and world economies. But President Obama appears tempted to pick a safe retread like former Treasury Secretary Larry Summers though some progressives hope his choice will be less beholden to Wall Street, as William Greider told Dennis J Bernstein.