Archive

Actually, the title kind of says it all, no? If we spend money on tax cuts, the next year we only have debt and pay interest on the debt. For a clear example, just look at the damage the Bush tax cuts have done to the country. They left behind worse than nothing -- we...

Even a stopped clock, the saying goes, is right twice a day. Taken figuratively, it means that even the people who have been most disastrously, abysmally wrong can occasionally get something damn near right. In that sense, former Fed chairman Alan Greenspan may be...

A new study says super-rich candidates who personally bankroll their own campaigns almost always lose. But that, unfortunately, doesn't make the rest of us winners. The ticker on billionaire Meg Whitman’s personal outlays for her California gubernatorial...

Social Security is once again under attack. Time after time Social Security has come under attack. Do you remember the Bush "privatization" campaign a few years ago? Each time the attack uses a different myth, repeated over and over. Then, in between attacks, the...

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus. The SEC just hit two Citigroup executives with fines for concealing $40 billion in subprime mortgage debt from investors back in 2007. The biggest...

On the 45th anniversary of the passage of Medicare, the blog corrente offers this charming story about LBJ talking with his press secretary, Bill Moyers, about why he's for Social Security and Medicare. A good lesson at a time when politicians are talking about the...

Our current economic model depends on ever-increasing consumption. This model worked during the early industrial revolution worked because it filled existing needs: Farmers depending on horses needed tractors. Kitchens needed gas stoves and refrigerators, etc....