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Boehner and McConnell Flunk Math

The Republican leaders in both houses of Congress are getting clearer what their alternative economic strategy is: Giant tax cuts for multimillionaires minus slashed public services for the middle-class minus letting our infrastructure rot equals even bigger budget...

Basel III Is Still Bonkers

It's been two days, and the new Basel III bank regulations are still lousy. Martin Wolf slams the international banking accord here and Yves Smith agrees here, although Felix Salmon notes some improvements over the current banking regime here and Tim Fernholz offers a...

Social Security Proposal Make Them Work -- Longer

Update - please see RJ Eskow's post, As The Aging Stoop To Their Labors, Prosperous Pundits Lecture Them About Sacrifice Washington is talking about cutting Social Security for working people at the very same time it is talking about extending tax breaks for the...

An Antidote to Estate Tax Misinformation

Another billionaire has bit the dust here in 2010, and another grand fortune, thanks to this year's absence of an estate tax, is passing on tax-free to extremely fortunate heirs. But a new resource may help overcome the lies and half-truths that have the estate tax...

Appeasing China on Currency Will Doom Our Economy

Congress may be poised to pass legislation to penalize China unless its government plays by agreed-upon rules of international trade and stops manipulating its exchange rate. This currency manipulation, which makes U.S. exports more expensive as they head to China and...

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