Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to receive the Daily Digest via email.

Why “The Sky Hasn’t Fallen Yet” is a Bad Standard for Judging Policy Choices (The Fine Print)

Nick Schwellenbach uses Roosevelt Institute Fellow Mike Konczal's piece on right-wing think tanks and the debt ceiling to explain why even if a default weren't catastrophic, it would still be a terrible policy decision.

U.S. Treasury, Fed Planning for Possible Default (Reuters)

Tim Reid and Jonathan Spicer report that the Treasury and the Fed have started preparing contingency plans for a default. The plans remain secret because officials worry about encouraging Republican Congressmembers who think breaching the debt ceiling is no big deal.

Obama to Boehner: No? (WaPo)

Ezra Klein reports on Thursday's White House meeting with a Republican House delegation, which offered a six-week debt ceiling increase. The president appears to be sticking to his statements that the government must be reopened before anything else can happen.

Postcards from the Shutdown Edge (TAP)

According to Abby Rapoport, the shutdown hasn't seemed so bad so far because the states have covered for missing federal funds for the past 10 days. That can't go on forever, and when it stops, the social safety net will be in trouble.

A Border Patrol Agent Who Has To Work Without Pay Wants You To Stop Saying The Shutdown Is No Big Deal (Business Insider)

Josh Barro looks at what's coming for the many federal employees who have been working without pay for nearly two weeks. A short paycheck is approaching, and then no more until government reopens, and bills can't be paid in IOUs dated "whenever the shutdown ends."

Bank Examiner Was Told to Back Off Goldman, Suit Says (NYT)

Susanne Craig and Jessica Silver-Greenberg report on a lawsuit filed by a former New York Fed employee, which contends that she was asked to change her negative findings about the conflict of interest policies at Goldman-Sachs and fired when she refused.

New on Next New Deal

How to Fight for "Freedom from Want" and Win: A Q&A with the Coalition of Immokalee Workers

Roosevelt Institute Senior Fellow Richard Kirsch interviews representatives of the Coalition of Immokalee Workers, who will receive the Freedom from Want medal at the 2013 Four Freedoms Awards, on their unique organizing model in the fight for fair wages and working conditions.

Sister Simone Campbell Shows Us Freedom of Worship is a Bipartisan Value

Roosevelt Institute | Campus Network Senior Fellow for Defense and Diplomacy Jacqueline Van de Velde considers the work of Sister Simone Campbell, who will receive the Freedom of Worship medal at the Four Freedoms Awards, in the context of progressive policy.


Originally posted to Daily Kos Economics on Fri Oct 11, 2013 at 08:35 AM PDT.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  "The Deal" Will Be a New Cigarette Tax..... (0+ / 0-)

    .....to replace the medical device tax which will be left on the cutting room floor in negotiations for a scalp the Republicans will insist on being claimed for passing a clean CR and debt ceiling increase.  Every single budget stalemate that has ever occurred this millennium has been resolved with a bipartisan coalition deciding to prey on smokers yet again.

    Enough northeastern Republicans will vote with Democrats to get the deal through.  Big business and Citizens United score big wins.  The working poor and the mentally ill get shafted once again paying the taxes that the medical device barons would have otherwise paid.  You heard it here first.

  •  Alec Baldwin Show Was Much Better Than Bill Maher (1+ / 0-)
    Recommended by:
    Eyesbright

    For some reason, Maher ruined his show yet again with a couple screaming RW mouthpieces, which caused me to turn off his show once more.  

    Men are so necessarily mad, that not to be mad would amount to another form of madness. -Pascal

    by bernardpliers on Fri Oct 11, 2013 at 08:33:54 PM PDT

  •  The Business Insider (0+ / 0-)

    Article was an excellent one.

    The voices of those of us suffering right now are not being heard and our emotional distress is worsened by the way it is being politicized by the right. By making light of it as a "government slim down" or making jokes about it not being noticeable, they are spitting in the faces of those of us they are hurting in very real and immediate ways.  Not that I would expect any different since they detest federal employees anyway.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site