“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.
Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.
Paul Krugman: To the Limit
In about a month, if nothing is done, the federal government will hit its legal debt limit. There will be dire consequences if this limit isn’t raised. At best, we’ll suffer an economic slowdown; at worst we’ll plunge back into the depths of the 2008-9 financial crisis.
So is a failure to raise the debt ceiling unthinkable? Not at all.
Many commentators remain complacent about the debt ceiling; the very gravity of the consequences if the ceiling isn’t raised, they say, ensures that in the end politicians will do what must be done. But this complacency misses two important facts about the situation: the extremism of the modern G.O.P., and the urgent need for President Obama to draw a line in the sand against further extortion.
Eugene Robinson: Our Robotic Assassins
The skies over at least six countries are patrolled by robotic aircraft, operated by the U.S. military or the CIA, that fire missiles to carry out targeted assassinations. I am convinced that this method of waging war is cost-effective but not that it is moral.
There has been virtually no public debate about the expanding use of unmanned drone aircraft as killing machines-not domestically, at least. In the places where drone attacks are taking place, there has understandably been great uproar. And in the rest of the world, questions are being raised about the legal and ethical basis for these antiseptic missile strikes.
The ethical judgments of the Supreme Court justices became an important issue in the just completed term. The court cannot maintain its legitimacy as guardian of the rule of law when justices behave like politicians. Yet, in several instances, justices acted in ways that weakened the court’s reputation for being independent and impartial.
Justices Antonin Scalia and Samuel Alito Jr., for example, appeared at political events. That kind of activity makes it less likely that the court’s decisions will be accepted as nonpartisan judgments. Part of the problem is that the justices are not bound by an ethics code. At the very least, the court should make itself subject to the code of conduct that applies to the rest of the federal judiciary.
E. J. Dionne, Jr.: Defending the Supremely Powerful
The United States Supreme Court now sees its central task as comforting the already comfortable and afflicting those already afflicted.
If you are a large corporation or a political candidate backed by lots of private money, be assured that the court’s conservative majority will be there for you, solicitous of your needs and ready to swat away those pesky little people who dare to contest your power.
This court has created rules that will have the effect of declaring some corporations too big to be challenged through class actions, as AT&T consumers and female employees at Wal-Mart discovered.
David Sirota: Shining the Spotlight on the Corporate Pay Gap
We’ve long known that executive pay has skyrocketed during the last 40 years-and especially during the last 20. As the Economic Policy Institute has reported, the average CEO makes roughly 300 times the average worker-up from 100 times the average in the early 1990s and 40 times the average in the 1970s. In this new Gilded Age, we are inundated with stories about how executives-even in taxpayer-subsidized industries like banking-are paying themselves record salaries. This is nothing new-in fact, it’s lately been a bragging point for firms in their efforts to attract talent.
So, then, why is Corporate America suddenly so shy about compensation rates?
Joe Conason: Four Trillion for War-and Rising
Anyone paying attention to the costs of U.S. military action in Iraq and Afghanistan must have known that the president badly underestimated those numbers on June 22, when he told the nation that we have spent “a trillion dollars” waging war over the past decade. For well over two years, we have known that the total monetary cost of those wars will eventually amount to well over $2 trillion, and might well rise higher, according to Nobel economist Joseph Stiglitz and his associate Linda Bilmes.
What we didn’t know until this week is that the expense in constant dollars-leaving aside the horrific price paid by the dead, wounded, displaced and ruined in every country-will likely reach well over $4.4 trillion.
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