by Richard Eskow | Nov 12, 2010 | Blog
Heard any good jokes lately? This headline was making the Internet rounds yesterday: "Sen. Conrad: Extend All Tax Cuts; Time to Get 'Serious' About Deficit." It's easy to see the humor in that. It's almost like saying you're serious about saving money but don't want...
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...
by Dave Johnson | Nov 11, 2010 | Blog, Reagan Revolution
“Watch what we do, not what we say.” (Famous Republican advice.) The Reagan Revolution was first and foremost about cutting the taxes paid by the rich and corporations. Now, almost 30 years later, the United States of America is drowning in debt. And that is exactly...
by Dave Johnson | Nov 11, 2010 | Blog, Reagan Revolution
The conservative argument of the last 30-40 years boils down to this: "Hey look at this big pile of seed corn. Let's eat it!" Almost 30 years after the "Reagan Revolution" our infrastructure is crumbling around us. Since the Reagan-era tax cuts we have been deferring...
