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

Tax Policy Center* Says Romney Lies

Mitt Romney proposes reducing tax brackets by 20% and cutting the estate tax (to zero IIRC). He will keep or expand favored treatment of capital gains and dividends. He claims that he doesn’t plan to cut taxes for the rich. He claims that he will avoid such cuts by eliminating deductions, credits and exclusions. One […]

Does the Tea Party support Tax Dodgers?

by Linda Beale Does the Tea Party support Tax Dodgers? Andrew Leonard’s July 27 article in Salon, Tea Party Shields Tax Dodgers, looks at the way Jim DeMint and Rand Paul are carrying water for the big banks–suggesting that Treasury shouldn’t be implementing the “FATCA” legislation passed as part of the HIRE act because it […]

Romney’s Weird Plan to Decouple Military Spending From National Security Needs and to Tie It Instead to … GDP??

Romney’s plan calls for linking the Pentagon’s base budget to Gross Domestic Product, and allowing the military to spend at least $4 dollars out of every $100 the American economy produces.” — Defense spending to spike $2.1 trillion under Romney, CNN Money, May 10, 2012.) In a post here two weeks ago I noted that […]

Statisticians aren’t the problem for data science. The real problem is too many posers

I met Cathy for coffee in Cambridge when she was presenting at MIT awhile ago.  I liked her style and knowledge.  Re-posted with permission from the author. by Cathy O’Neila data scientist who lives in New York City and writes at mathbabe.org Statisticians aren’t the problem for data science. The real problem is too many […]