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Wednesday, October 9, 2013

Diane Rehm: "Possible Repercussions Of U.S. Debt Default At Home And Abroad"



Alan: If not "clickable" above, the audio file -- and superb listener comments" -- for this Diane Rehm show are available at 
http://thedianerehmshow.org/shows/2013-10-09/possible-repercussions-us-debt-default-home-and-abroad

Wednesday, October 9, 2013
President Barack Obama plans to nominate Fed Vice Chair Janet Yellen to succeed Ben Bernanke as head of the Federal Reserve. Yesterday both Obama and House Majority Leader John Boehner seemed as far apart as ever on the two questions roiling Washington: ending the current partial shutdown of the federal government and agreeing to raise the U.S. debt limit before an Oct. 17 deadline. The partial government shutdown has meant inconvenience for many and hardship for some, but most agree that repercussions of a failure to raise the debt ceiling are unpredictable and potentially devastating. Diane and her guests discuss what happens if we default.

Guests

Sheila Bair 
senior adviser, The Pew Charitable Trusts and former chair, Federal Deposit Insurance Corporation; author of "Bull By The Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself."
Dean Baker 
co-director, Center for Economic and Policy Research and blogger, Beat the Press; author of "The End of Loser Liberalism: Making Markets Progressive."
Kevin Hassett 
director of economic policy studies, American Enterprise Institute.

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Republican presidential candidate, Pat Buchanan, the living American who has served longest as a White House senior staff adviser, observed: “The Republican philosophy might be summarized thus: To hell with principle; what matters is power, and that we have it, and that they do not.” “Where the Right Went Wrong" 

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"The Reign of Morons Is Here," Charles P. Pierce, The Atlantic

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"A Southerner Explains Tea Party Radicalism: The Civil War Is Not Over"


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"The Great Recession Vaporized 40% Of Americas's Net Worth. The Tea Party Intends Worse."

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"The Shutdown Is A Republican Civil War" by Ezra Klein


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Republican Rule And Economic Catastrophe: A Lockstep Relationship"

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"Politics and Economics: The 101 Courses You Wish You Had"

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"Republicans for Revolution," A Study In Anarchic Apocalypticism

"Sarah Palin As The Mad Hatter" (Image)



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