The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely.
Matt TaibbiThe only reason investors haven't run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed.
Matt TaibbiAt least Bank of America got its name right. The ultimate Too Big to Fail bank really is America, a hypergluttonous ward of the state whose limitless fraud and criminal conspiracies we'll all be paying for until the end of time.
Matt TaibbiAmendments occupy a great deal of most legislators' time, particularly those lawmakers in the minority. Members of Congress do author major bills, but more commonly they make minor adjustments to the bigger bill.
Matt TaibbiIn the Tea Party narrative, victory at the polls means a new American revolution, one that will "take our country back" from everyone they disapprove of. But what they dont realize is, there's a catch: This is America, and we have an entrenched oligarchical system in place that insulates us all from any meaningful political change.
Matt Taibbi