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Public borrowing is costly these days, true, but interest rates on municipal bonds are still considerably lower than those borne by corporate debt.

Thomas Frank

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Thomas Frank
Age: 59
Born: 1965
Born: March 21
Historian
Journalist
Kansas City
Missouri
Thomas Carr Frank
Interest
Bonds
True
Rates
Stills
Lower
Corporate
Municipal
Still
Debt
Considerably
Rate
Costly
Days
Borne
Public
Borrowing

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Yes, Democrats can prove that America pays more for health care than other countries yes, they have won the dispute that private health insurance is needlessly expensive. But what they've lost is the argument that we are a society.
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The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.
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I was never a fan of Barack Obama's bipartisanship routine.
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Money never seems to be interested in strengthening regulatory agencies, for example, but always in subverting them, in making them miss the danger signs in coal mines and in derivatives trading and in deep-sea oil wells.
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There is something uniquely depressing about the fact that the National Portrait Gallery’s version of the Barack Obama “Hope” poster previously belonged to a pair of lobbyists. Depressing because Mr. Obama’s Washington was not supposed to be the lobbyists’ Washington, the place we learned to despise during the last administration.
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People are born in a certain place, and in a certain society. I don't mean to sound like a determinist, but to think we're entirely free to do whatever we want betrays a certain class perspective. For most people who have to work for a living, and work at jobs under conditions they may not like, it's just not simple when it comes to freedom.
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Under the administration of George W. Bush, you will recall, federal spending grew pretty significantly. At the same time, the number of people directly employed by the federal government shrank. One of the factors that explained the difference was contracting.
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In the last James Bond movie, the villain was a culture captain, a tycoon of culture, a Murdoch figure. It's not as if people don't know what is going on.
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Bad government is the natural product of rule by those who believe government is bad.
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Above all else stands the burning question of bipartisanship. Whatever else the politicians might say they're about, our news analysts know that this is the true object of the nation's desire, the topic to which those slippery presidential spokesmen need always to be dragged back.
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Conservatives may believe that impoverished borrowers destroyed Wall Street. But we liberals will not fool ourselves that stupid bankers sank conservatism for good.
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Every city is either vibrant these days or is working on a plan to attain vibrancy soon. The reason is simple: a city isn't successful - isn't even a city, really - unless it can lay claim to being 'vibrant.'
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Surrogate motherhood has been the subject of much philosophical and political dispute over the years.
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Thanks to a deal finalized in 2008, Chicago’s parking meters will be operated for the next 75 years by a group of investors put together by Morgan Stanley, including the sovereign wealth fund of Abu Dhabi.
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When done right - or wrong, depending on how you look at it - deficits remove liberal options from the table. Suddenly there's no money for building bridges or inspecting meat. Not surprisingly, running up a deficit is a strategy favored by the wrecking crew for its liberal-killing properties.
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This aesthetic quality, then, is what politics is all about. It's authenticity that separates winners from losers, good politics from bad, and he-man leader-types from consultant-directed puppet-boys.
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When the entertainers of the right aren’t declaring their disgust with President Obama for groveling before foreign potentates, they’re pretending to fear him as a left-wing thug, an exemplar of what they call “the Chicago way.”
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Republicans run the machine when it's their turn, and then hand the wheel over to Democrats when the public has had enough.
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Whereas liberals are thought to erupt self-righteously whenever they feel like it, conservatives believe that they themselves are never permitted to say what they really think.
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A lot of populists after populism died just became socialists. At the beginning of the 20th century, socialism looked like it was going to take off. It didn't, of course, but a lot of people thought it was going to.
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