by Leo Gerard | Feb 26, 2013 | The Sequester
Last week, President Obama described the sequestration situation in simple, stark terms: keep it in place and punch the middle class in the gut. Or, he suggested, soften the blow substantially by ending special tax breaks for the rich. Here’s what he said:...
by Dave Johnson | Feb 26, 2013 | The Sequester
There is no deficit problem. The deficit is down about 50 percent as a share of gross domestic product just since President Bush’s fiscal year 2009 deficit and is falling at the fastest rate since the end of World War II. Yet the Washington debate is about how and...
by Terrance Heath | Feb 25, 2013 | The Sequester
For folks in Washington, sequestration is kind of like gambling with someone else's money. (Congressional salaries are exempt, after all.) Republicans are betting that either (a) the sequester will be so painless that one will even notice it, or (b) that the sequester...
by Dave Johnson | Feb 25, 2013 | Minimum Wage
Tuesday's post, 40% Of Americans Now Make Less Than 1968 Minimum Wage, was updated with this chart: The chart shows that wages used to go up as productivity went up, but in the 1970s they decoupled. Productivity kept going up but wages stagnated. Now, here's another...
by Richard Eskow | Feb 24, 2013 | The Sequester
It’s Monday morning in America. That means we’re about to endure another week of pointless debate over the precise methods by which our federal government will impose more needless misery on the hapless population, instead of addressing its eminently fixable economic...
by Isaiah J. Poole | Feb 22, 2013 | Chained CPI
Two polls released in the past 24 hours send decidedly different messages on Social Security. The lesson: Be careful what you ask. One poll released Thursday by Bloomberg seems to show that a significant majority of the public would be willing to see Social Security...
