…did in fact reject the bill to “tax” bank deposits, even though it had been amended to exclude smaller investors from the levy. The vote was 36 against, 0 in favor, and 19 abstentions. Hundreds of protesters outside Parliament cheered … Continue reading →
…unlike the EU “leaders” and the Cyprus president who agreed to the reckless trashing of the people’s trust in the integrity of their bank accounts: Cyprus’s Parliament is likely to reject an international bailout package that involves taxing ordinary depositors … Continue reading →
To save the Cyprus banking system, they have to destroy people’s faith in it. Does that make any sense to you? It doesn’t to me. Ah, but they promise they won’t do it again—just this once! But why would anyone … Continue reading →
…and most of the Republicans in Congress don’t really seem to want to do very much of it. There’s a reason for that: human nature. Such cuts are unpopular with people. Ever since the 1930s, this country and Europe have … Continue reading →
No, he doesn’t use the l-word. But he says it nonetheless, and in the WaPo. Of course, the days when Bob Woodward could make presidents shake in their shoes are long gone. Not sure anybody cares now. There’s much more … Continue reading →
Revisiting income inequality. I say “revisiting” because of this earlier post of mine on the subject.
Continue reading →…when you say it’s “almost a false argument,” does that mean it’s like, you know, true?: It is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address,” … Continue reading →
Read this and get angry about Obamacare all over again. Remember how it had to receive a good report from the CBO in order to be passed? Well, here’s how the smoke and mirrors worked: In sum, the scorekeeping baseline … Continue reading →
…but that’s actually good, according to Alan B. Krueger, the White House Chairman of the Council of Economic Advisers. Or something like that. And then there’s the news that, under Obamacare, the “bronze” plan for a family would cost about … Continue reading →
How long can the media continue to be surprised by negative reports on the economy? And why are the rest of us not surprised? Or is the media only feigning its surprise? Now, I understand that this is the first … Continue reading →
I bet a lot of you will disagree, but I think that, on the whole, the GOP is right not to choose this particular hill to die on. Kicking the can down the road may not usually be such a … Continue reading →
Seems we’ve only just negotiated the fiscal cliff (for the moment, anyway; the fight is certainly not over), and now we face the debt ceiling. Defining some terms. The article discusses the use of the word “default,” and why it’s … Continue reading →