Archive
Progressive Breakfast - 4/26/2010
"The Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy" continues, with Roger Hickey warning about this week's Pete Peterson-sponsored "Fiscal Summit": "This summit is designed to st
14 Ways A 90 Percent Top Tax Rate Fixes Our Economy And Our Country
A return to Eisenhower-era 90% top tax rates helps fix our economy in several ways: 1) It makes it take longer to end up with a fortune. In fact it makes people build andearn a fortune, instead of shooting for quick windfalls. This forces long-term thinking and...
14 Ways A 90 Percent Top Tax Rate Fixes Our Economy And Our Country
A return to Eisenhower-era 90% top tax rates helps fix our economy in several ways: 1) It makes it take longer to end up with a fortune. In fact it makes people build and earn a fortune, instead of shooting for quick windfalls. This forces long-term thinking and...
Washington and Wall Street: A 'Democracy' in Denial
Some Americans get all bent out of shape when they hear someone label the United States a 'plutocracy.' But if we have an honest-to-goodness democracy, where the people really rule, then how can we explain Goldman Sachs? The outsized political role of Goldman Sachs,...
This Week: Obama’s Deficit Commission – or Pete Peterson’s?
On Wednesday Wall Street multibillionaire Peter G. Peterson, who has pledged to spend a billion dollars to panic Americans about deficits in order to get them to slash Social Security and Medicare, is conducting a “Fiscal Summit” in Washington featuring many of the...
When Senators Vote For the Big Banks, We Will Name Them. Here Are Twelve of Them.
The Senate Budget Committee nearly voted to break up Wall Street's biggest banks. But four Democrats helped pro-Wall Street Republicans kill an amendment from Bernie Sanders that would "require the divestment of any financial institution the failure of which would...
Today At The Virtual Summit: Countering The Greedy Geezer and Greece Debt Hysteria Spin
Today at the Virtual Summit on Fiscal and Economic Responsibility for People Who Did Not Wreck the Economy hosted by Campaign for America's Future... There Are No Greedy Geezers: Former members of the 1982 National Commission on Social Security Reform Eric Kingson,...
Regulatory Onanism
How, many people have asked since news broke about Bernie Madoff's $50 billion ponzi scheme, could regulators have let such a blatant criminal slip through their fingers? We know, now. The Securities and Exchange Commission is the sheriff of the financial industry,...
The $1.1 Trillion In 'Spending' That Shouldn't Escape The Budget Knife
Most discussions about addressing the country's budget deficit essentially leave out a $1.1 trillion slice of the federal government. That's the size of the federal government's "tax expenditures" in fiscal year 2009, based on calculations in a new Citizens for Tax...
Sarah Palin is Seizing The Populist Moment -- Will Democrats?
Sarah Palin's broadside against the Obama administration's Wall Street reform proposal is an interesting study in, well, hackery. One the one hand, her latest Facebook post is a disingenuous smear, loaded with outright lies. On the other, she's kind of onto something,...
