The August unemployment data are out. The unemployment rate was "about unchanged" at 9.6 percent,” says the BLS press release. Teenagers "showed little change" at 26.3 percent, as did African Americans (16.3 percent) and Hispanics (12.0 percent). more »
Before I start this post, let's look at the actual situation. The economy is terrible, people are really hurting, they have been holding out and are starting to drop off the map. There are signs that with the stimulus fading things are starting to turn back down. But compared to what?
Conservatives like to say that taxes are theft. In fact it is tax cuts that are theft because they break a long-standing contract.
The American Social Contract: We, the People built our democracy and the empowerment and protections it bestows. We built the infrastructure, schools and all of the public structures, laws, courts, monetary system, etc. that enable enterprise to prosper.
maxineudall.com — The economic downturn is causing some small towns in more rural sections of the US to tear up asphalt roads and return them to gravel. "I'd rather my kids drive on a gravel road than stick them with a big tax bill." What if the paved road will enable them to make more money? Would that alter the benefit-tax analysis? What if an ambulance got someone to hospital in time to save their life? Would that alter a world view in which all taxes are bad?
Most people know Progressive Insurance from its quirky commercials, starring a character named Flo who staffs the checkout counter at an supermarket that sells insurance in neatly labeled boxes. But the leaders of the nation's leading progressive activist organizations know Progressive Insurance's chairman of the board, Peter B. more »
The stimulus is running out, millions lose health insurance in 12 days as COBRA subsidies start to run out, unemployment benefits also start running out, all while the unemployment rate is rising. Foreclosures are up. more »
The conservative argument of the last 30-40 years boils down to this: "Hey look at this big pile of seed corn. Let's eat it!" Almost 30 years after the "Reagan Revolution" our infrastructure is crumbling around us. more »