As the xmas holiday approached I was somewhat hopeful that the political stalemate might finally get resolved... that is, until the GOP backed out and tried to submit their "Plan B" to the House. I was surprised that they would do this at this late date knowing that the Senate wouldn't pass it anyway, and that Obama ...
http://froomkin.tumblr.com/post/38236975112/why-including-social-security-in-a-deficit-deal-is-a
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Too bad we can't prosecute the Bush II GOP administration for fraud, huh? ...
Krugman's setting himself up to be sure he's not on the wrong side of the fiscal cliff deal in the making when it's done --- see his blog entry today "The Deal Dilemma." He's doing this by waffling between ss cuts (via chained CPI) being "acceptable" if tax revenues increase via dividends ...
If the reported deal on breaking the "fiscal cliff" is true, and if it passes, it's going to screw the elderly big time.... a little at a time to make it not appear to be fucking retiree's in the ass.
The reported "deal" including using "chained CPI" to adjust social security payments for inflation instead of the current CPI-W which has ...
If the reported deal on breaking the "fiscal cliff" is true, and if it passes, it's going to screw the elderly big time.... a little at a time to make it not appear to be fucking retiree's in the ass.
The reported "deal" including using "chained CPI" to adjust social security payments for inflation instead of the current CPI-W which has ...
I needed a couple days to digest the massacre of 20 little kids at Newtown by a nut-case with some irrational sense of whatever kind of "justice" or statement was going through his mind.
First, I, like everybody else, am sickened by the event and deaths of these defenseless innocents. My heart bleeds for their ...
Krugman's blog today includes "Something (Everything) Rotten in the State of Macro" , in which he ends with the statement:
"The state of macro is, in fact, rotten, and will remain so until the cult that has taken over half the field is somehow dislodged."
To this statement (bold type is my emphasis) I respond that to ...
This article slams the "right to work" movement and it's origins back in the 30's & 40's. It's a history lesson of the origins of the movement, it's backers (than and now) and it's real agenda. For some history in relation to U.S. workers unions and the union busting "right to work" movement, it should be read.&...
You may have already seen this article if you read economistsview.typepad.com, but if not:
This ultimately has to do with the robots (advances in technology) and labor thing, since neo-classical ...
Jonathan Chait writes an article that is probably as close to the real truth about the spending cuts debate as any I've come across, left or right, over the past year.
But is his article rational and objective?
Chait "...is a commentator and writer for New York magazine. He was previously a senior editor ...
A report by ILO today fromReuters (UN organization on International Labor) warns that global downward pressure on labor wages/salaries (excluding China) may cause another recession. The analysis says that prior to the credit boom/bust reduced interest rates and lending standards provided consumers with the ability to ...
See Baker's article here. Conventional wisdom has been that baby-boomer retirement will reduce the ratio of workers to retirees, forcing workers to pay more to support the retires. It's currently 3:1, projected to go to 2:1 demographically. But Baker argues that the workers paying more to support ...
Looks like the Filibuster Rule used by the Senate is finally being heard by the court as a constitutionality issue. While the constitution expressly allows the Senate to decide it's own rules, at each election of Senators, the question before the court is whether the Filibuster Rule is actually unconstitutional, since it ...
I'm reading the on-line free book Lectures on Political Economy, by Francis William Newman, published 1851. .see it here
Newman published his collection 11 or 13 lectures on "political economy" which is the standard term for capitalism after Smith's version.
If you read it, and I recommend it, you'...
Just a heads up to provide new knowledge related to cause of the greatest extinction --- it wasn't an Asteroid, but volcanic activity in an area of India which voclanic activity area was the size of Europe today. http://www.huffingtonpost.com/2012/12/08/volcanoes-killed-dinosaurs-india_n_2258395.html
So far, all current and recent economists, left or right, of the Keynesian or Austrian variety, march to the tune of the same drummer. that drummer's beat plays the Debt/GDP ratio limit. The ratio's limit is always less than where it has been, which is another way of saying there should be no or virtually no ...
While all the comedic political posturing & rhetoric on the Fiscal Cliff is going on, and the Syrian "chemical weapons" propaganda to prepare the US public for US military involvement in the Syrian civil war is now usurping all the media headlines, talking heads, and blogs today, I thought I'd take a ...
"Nearly Half of Republicans Think Election was Stolen
A new Public Policy Polling survey shows finds that 49% of Republican voters nationally say they think that ACORN stole the election for ...
Two of the most conservative Republicans in the House of Representatives have been kicked off the House Budget Committee, a rare move that could make it easier ...