You may have noticed I haven’t yet written about the fight over raising the debt ceiling. That is probably because not only do I have a tendency to shy away from anything to do with economics, but also because I … Continue reading →
I didn’t watch President Obama’s press conference yesterday. But many of those who did noted his continuation of the class war that is one of his very favorite ploys, as well as his hypocrisy, and his discomfort at answering questions … Continue reading →
…if OPEC has anything to say about it: PEC talks broke down in acrimony Wednesday without an agreement to raise output after Saudi Arabia failed to convince the oil cartel to lift production. “We were unable to reach an agreement … Continue reading →
The news that college graduates have been having trouble finding jobs, especially positions in their fields, should come as no surprise whatsoever. Different generations have different patterns of luck, and those who come of age in a time of economic … Continue reading →
Our friend Paul Krugman tackles the idea that the right is misrepresenting the facts when it says the rich pay a lot more in taxes than the poor: The claim that only rich people pay taxes is a zombie lie … Continue reading →
Have you noticed the news has been relatively slow lately? What is conventionally thought of as “news,” that is. There’ve been no significant rumblings of revolution in still another Middle East country and calls to war. No oil spills. No … Continue reading →
I didn’t watch Obma’s speech last night. Fortunately, I was busy doing other—and more pleasant—things. But from the reports I see, I don’t think anyone was pleased with it, left or right, with the exception of a few of the … Continue reading →
…and mirrors. See also this.
Continue reading →In President Obama’s speech tonight, he will speak of “tax reform,” among other topics But the details are being closely guarded. It’s unclear whether he will propose some sort of tax hike for the “rich,” or the expiration some of … Continue reading →
Byron York reports on the budget that the House’s Progressive Caucus would like to see passed. The caucus is not small; it contains “76 members, about 40 percent of the 192 Democrats in the House,” including Barney Frank, John Conyers, … Continue reading →
President Obama is set to propose his own deficit reduction plan some time later in the week. It’s a bit of a mystery exactly what will be in it, but it seems he may actually step tentatively on the third … Continue reading →
Think it’ll save money? Think again. And for those who pooh-poohed my assertion that shutting down national parks will lose a significant amount of money for certain states, the federal government collects $34 million a day in revenues just from … Continue reading →