The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.
Matt TaibbiObviously the commercial news media tries to get you worked up and terrified so you'll buy products that they're advertising.
Matt TaibbiDemocracy doesn't require a whole lot of work of its citizens, but it requires some: It requires taking a good look outside once in a while, and considering the bad news and what it might mean, and making the occasional tough choice, and soberly taking stock of what your real interests are.
Matt TaibbiThe House Rules Committee is perhaps the free world's outstanding bureaucratic abomination - a tiny, airless closet deep in the labyrinth of the Capitol where some of the very meanest people on earth spend their days cleaning democracy like a fish.
Matt TaibbiAmerica is a country that has been skating for ages on its unparalleled ability to look marvelous on the outside.
Matt TaibbiWhat the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.
Matt Taibbi