Relevant and even prescient commentary on news, politics and the economy.

Romryanomics–prosperity for the well-off fueled by austerity for the rest

by Linda Beale Romryanomics–prosperity for the well-off fueled by austerity for the rest I’ve put off writing about stilted robo-Romney’s choice of the perpetual-smily-Ryan as veep about as long as I can, I suppose.  So let me talk about it in broad terms in this post.  In the next posts, I’ll discuss more methodically the […]

America is an Opportunity Society (Rep Paul Ryan WI)

by Run 75441 America is an Opportunity Society (Rep Paul Ryan WI) “I’m personally offended that they’re playing a high-stakes game of chicken with our national defense,” fumed Weston Newton, chairman of the Beaufort County Council, after hearing Senator Graham’s dire warnings. . Lawmakers look for way out as defense cuts near. After agreeing to […]

Bait and Switch: Is Pope Benedict Really Against Raising Taxes On the Wealthy to Help Balance Government Budgets?

(Reuters) – Invoking Pope Benedict, Republican Representative Paul Ryan defended his budget plan on Thursday at Georgetown University, where a group of the Jesuit institution’s faculty has accused him of misusing Catholic teachings to push cuts to programs that serve the poor. “The overarching threat to our whole society today is the exploding federal debt,” […]

Apple Whines About Having to Pay Taxes

Given Ryan’s release of his new plan calling for territorial taxation of corporations comes this example of Apple from Kenneth Thomas, Middle class political economist econoblog: Apple Whines About Having to Pay Taxesby Kenneth Thomas   On Monday, Apple announced that it was going to start paying dividends to shareholders, and buy back $10 billion worth of […]

Town Hall Meetings on the Ryan Budget Raise Concerns

Various congressional representatives held town hall meetings recently, and the news channels and print media were abuzz with the lively give-and-take, including shouting matches. See, e.g., House G.O.P. Members Face Voter Anger Over Budget, New York Times, Apr. 26, 2011; Republicans facing tough questions over Medicare overhaul in Budget Plan, Washington Post, Apr. 22, 2011. […]