by Dave Johnson | Nov 15, 2010 | Blog
The co-chairs of the "Deficit Commission" released their recommendations yesterday. Basically they said that to cut the deficit we need to give a huge tax cut to the rich by cutting top tax rates from the current 35% down to 23%. The middle-class' share of the pain...
by Dave Johnson | Nov 15, 2010 | Blog
Social Security supporters announced today that over 100 members of Congress are signing a letter to President Obama demanding that the Deficit Commission keep its hands off Social Security. They say that if the deficit commission tries to cut the program they say it...
by Dave Johnson | Nov 15, 2010 | Blog, Economy
What is the matter with people in Washington and New York? There is obviously a jobs emergency and they're talking about deficits -- and in the middle of a frenzy of worrying about deficits they are talking about cutting taxes for the rich! ?? And, to make matters...
by Dave Johnson | Nov 11, 2010 | Blog, Economy, Reagan Revolution
The recession ended in June, 2009? What? Seriously? No one told the millions of unemployed. And last week we got more bad news: 44 million of us living in poverty, and that was last year, before unemployment and COBRA subsidies started running out for the unemployed,...
by Dave Johnson | Nov 11, 2010 | Blog, Economy, Minimum Wage, Reagan Revolution
To lift the economy, we have to lift wages. Increased wages will restore demand. The changes that will increase wages will help restore democracy. The social contract used to be that citizens in our democracy share the benefits of our economy through increased wages...
