Cut spending? Wait - where did that terrible idea come from? Government is We, the People and its job is to protect and empower us. Why in the world would we want to cut back on that?more »
Young Americans might not get full Social Security retirement benefits until they reach age 70 if some trial balloons that prominent lawmakers of both parties are floating become law.
I just talked to an old friend yesterday and got bad news. He was another person laid off in the 2000 crash, in his late 40s at the time, so he hasn't been able to get anything since then except the odd short-term contracting gig. Certainly not anything that provided health insurance. more »
The real jobs and deficit test is coming when the Bush tax cuts for the wealthy expire this year. If Congress lets them expire, deficit fears and pressures are reduced considerably and there will be money to create jobs, maintain and modernize infrastructure, make the nation competitive in world markets, help the unemployed, upgrade health insurance and so many other badly-needed tasks. more »
It seems that you can look at a chart of almost anything and right around 1981 or soon after you'll see the chart make a sharp change in direction, and probably not in a good way. And I really do mean almost anything, from economics to trade to infrastructure to ... well almost anything. I spent some time looking for charts of things, and here are just a few examples. more »
No serious person denies that Reagan's 1981 tax cuts and military increases threw the country into a pattern of borrowing and borrowing that we have not escaped. When Reagan took office the national debt was $995 billion. When Reagan left office it was $2.87 trillion and climbing fast. more »
With millions of Americans out of work and hurting, lawmakers who claim they worry about budget deficits spent last week forcing 'compromises' that will save hedge fund kingpins billions in taxes.
“Watch what we do, not what we say.” (Famous Republican advice.)
The Reagan Revolution was first and foremost about cutting the taxes paid by the rich and corporations. Now, almost 30 years later, the United States of America is drowning in debt. And that is exactly what they wanted to happen. more »
You and I pay income tax on our income. But if your income comes from having really, really wealthy parents you are entitled to really, really special treatment because that is how democracy plutocracy works. more »
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