This page from the National Priorities Project stresses some important facts. There is a clear distinction between FICA (Social Security and Medicare) and income tax [though both show up on your pay stub]. Enemies of Social Security like to cloud this difference. And there’s a difference between debt and deficit. A quick and valuable read.
April 2, 2011
April 1, 2011
We don’t often quote the Wall Street Journal, but here’s Market Watch’s Paul B. Farrell spelling out what we can expect if we don’t start properly taxing the rich. The situation now promotes widespread economic misery and wealth inequality. We’re told that the one hundred richest families in America have more money than the bottom 40% combined. Something’s got to give.
March 31, 2011
March 30, 2011
March 21, 2011
Today our favorite economist, Paul Krugman, writes about our favorite bureaucrat, Elizabeth Warren. His subject is the Republicans’ desperate attempt to blame her for our financial problems and erase memories of what really caused the Crash of 2008. Last week House Republicans tried the same thing: how dare she talk with state attorneys general about moving against guilty banksters. How dare she set up a consumer protection agency that could obviate the sort of crimes their bankster friends perpetrated? Krugman is good today. Elizabeth Warren is always good.
March 18, 2011
The United States Chamber of Commerce used to be a reasonable pro-small business organization that made sense from time to time. It has now been transformed into a fabulously rich monster that threatens democracy. Paste the link to your browser and read all about it (and watch the video). Our thanks to our friend Jack Hendricks, leader of PDA’s McConnellsburg chapter for sending this along.
Back in the good old days, when Obama was running for President, he said that if anyone tried to infringe workers’ rights when he was in office, he’d put on his comfortable shoes and join the picket line. Right. Our friend, Walter Brasch, asks why the President isn’t in Madison. And where’s Reid, Pelosi, and Biden? Read Dr. Brasch here.