Farewell. The Flying Pig Has Left The Building.

Steve Hynd, August 16, 2012

After four years on the Typepad site, eight years total blogging, Newshoggers is closing it's doors today. We've been coasting the last year or so, with many of us moving on to bigger projects (Hey, Eric!) or simply running out of blogging enthusiasm, and it's time to give the old flying pig a rest.

We've done okay over those eight years, although never being quite PC enough to gain wider acceptance from the partisan "party right or wrong" crowds. We like to think we moved political conversations a little, on the ever-present wish to rush to war with Iran, on the need for a real Left that isn't licking corporatist Dem boots every cycle, on America's foreign misadventures in Afghanistan and Iraq. We like to think we made a small difference while writing under that flying pig banner. We did pretty good for a bunch with no ties to big-party apparatuses or think tanks.

Those eight years of blogging will still exist. Because we're ending this typepad account, we've been archiving the typepad blog here. And the original blogger archive is still here. There will still be new content from the old 'hoggers crew too. Ron writes for The Moderate Voice, I post at The Agonist and Eric Martin's lucid foreign policy thoughts can be read at Democracy Arsenal.

I'd like to thank all our regular commenters, readers and the other bloggers who regularly linked to our posts over the years to agree or disagree. You all made writing for 'hoggers an amazingly fun and stimulating experience.

Thank you very much.

Note: This is an archive copy of Newshoggers. Most of the pictures are gone but the words are all here. There may be some occasional new content, John may do some posts and Ron will cross post some of his contributions to The Moderate Voice so check back.


Friday, August 5, 2011

S&P Downgrade

Commentary By Ron Beasley

I don't know why anyone would pay any attention to S&P anyway but here it is:

S&P downgrades U.S. credit rating for first time

Standard & Poor�s announced Friday night that it has downgraded the United States credit rating for the first time, dealing a huge symbolic blow to the world�s economic superpower in what was a sharply worded critique of the American political system.

Lowering the nation�s rating one-notch below AAA, the credit rating company said �political brinkmanship� in the debate over the debt had made the U.S. government�s ability to manage its finances �less stable, less effective and less predictable.� It said the bi-partisan agreement reached this week to find at least $2.1 trillion in budget savings �fell short� of what was necessary to tame the nation�s debt over time and predicted that leaders would not be likely to achieve more savings later on.

You can find the S&P statement here.

This is the part the Republicans and Conservatives won't be talking about:

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.

The reality is the US was downgraded because they recognize we have a dysfunctional government.


  1. Thay gave Lehman Brothers a AAA rating one week before it collapsed. Why does anyone care what they think?

  2. Clearly the US treasury didn't pay S&P a big enough bribe. What a joke.