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After The Supercommittee Round Two

The supercommittee is down for the count, and everyone from the Tea Party to Occupy Wall Street, and even Grover Norquist is credited with throwing the knockout punch. It's tempting to do a victory dance, but we'd better make it a short one. Don't get me wrong. We've...

Giving Thanks for the Occupation Election Demonstrations

I want to thank you, thank you Thank you, thank you, Thank you, thank you, Thank you, thank you. ~ Natalie Merchant, “Kind and Generous” This week’s holiday mandates giving thanks. For many Americans, that is complicated by the harsh years since 2008. There’s the...

Reporting From The Edge Of Catastrophe

There's lot's of economic stuff this morning worth sharing. First, the view that austerity is bad for us is starting to make it beyond the pages of obscure blogs and Krugman's column. Here's one from a historian in Bloomberg News: ...“common sense” tells us that...

Progressive Breakfast - 11/28/2011

MORNING MESSAGE: Tax Avoidance Alchemy OurFuture.org's Sam Pizzigati: "America’s mega rich are actually taking in much more in income, [Bloomberg] shows, than their tax returns indicate. Hundreds of millions more. And this hidden income has reduced their effective tax...

The Alchemy of Our Awesomely Affluent

Today's super rich can't turn tin into gold. But they can get Uncle Sam to loan them free money. At the expense, of course, of America's bottom 99 percent. How much money is pouring into the pockets of America's richest 1 percent? How much of this income are America's...

Tax the Rich In Fact Lets Double Their Taxes

Conservatives say they want to "bring back" the old USA, the one that existed during those decades of the twentieth century they only seem to see through a gauzy golden haze. Whatever its problems, that country was a place where Republicans and Democrats agreed on two...

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