(Author's Note: This post updates Part One of a series reviewing Warren Mosler's book: The 7 Deadly Innocent Frauds of Economic Policy. The updating is prompted by more »
Most Americans, the 99 percent, feel the pressure of indebtedness. When they owe a friend a buck, their conscience bothers them until they’re square. They pay their bills, working second jobs if necessary. They meet mortgage obligations even when underwater.
That’s why there was a deficit Super Committee. Americans don’t like debt, including bills owed by their government. more »
Let's hope that the failure of the "super committee" quest to take money out of the economy clears the media mist for a minute, so people can focus on real issues that matter to real people. What are the chances of that? more »
The reason members of the Super Committee didn’t reach an agreement is that Republican members insisted on damaging cuts to Social Security, Medicare, and Medicare – AND they wouldn’t budge from their refusal to roll back tax cuts for the richest 1% of Americans. more »
This situation of crony government protecting the connected rich while people are in the streets demanding change is more and more reminiscent of Egypt under Mubarak. more »
A proposal to increase the Medicare eligibility age, which the Super Committee is considering, would drive up health care costs to the point where they would consume almost half of the Social Security check of a middle-class retiree, according to a more »
A few weeks after calling Social Security a “Ponzi scheme,” Rick Perry claims he has just the plan to save the program. That is nothing but a monstrous lie.
Problem: Your right-wing brother-in-law is plugged into the FOX-Limbaugh lie machine, and keeps sending you emails about "Obama spending" and "Obama deficits" and how the "Stimulus" just made things worse. Solution: Here are three "reality-based" charts to send to him. These charts show what actually happened.
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