Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major depressions in our history (1819, 1837, 1857, 1873, 1893 and 1929); all six of them followed sustained periods of reducing the national debt. We have had almost chronic deficits since the 1930s, and there has been no depression since then - the longest crash-free period in our history.
Molly IvinsPopulism is the simple premise that markets need to be restrained by society and by a democratic political system. We are not socialists or communists, we are proponents of regulated capitalism and, I might add, people who have read American history.
Molly IvinsListen to the people who are talking about how to fix what's wrong, not the ones who just work people into a snit over the problems. Listen to the people who have ideas about how to fix things, not the ones who just blame others.
Molly IvinsI believe all Southern liberals come from the same starting point--race. Once you figure out they are lying to you about race, you start to question everything.
Molly Ivins