In subtle ways, Ryan’s budget acknowledges the results of November’s election. He isn’t seeking to do away with tax increases that have already been approved, and he accepts that tax revenue will be 19.1 percent of the economy in a decade, up from the 18.7 percent he assumed last year. But otherwise, he continues to peddle the […]

Paul Ryan is, in effect, the Joe McCarthy of our era.  He consistently spews outlandishly false statements of fact, never offers actual evidence in support of them and never refutes factual challenges using actual and full facts, and tries as a matter of routine to obfuscate his specific and broader objectives and therefore to trick […]

by Tom aka Rusty Rustbelt Detroit Update Today Former Mayor Kwame Kilpatrick was convicted in federal court of 24 felony courts of racketeering, extortion, mail fraud, bribery and tax evasion. His chief henchman contractor Bobby Ferguson was convicted of 9 counts of racketeering and bribery.Kilpatrick’s father was convicted of one count of tax evasion but the […]

President Obama won a second term in the White House in part by “dividing the country,” former Florida governor Jeb Bush (R) said in an interview that aired on Sunday morning. “I think the basic part of his campaign was that those that were successful weren’t paying their fair share, even though we have incredibly […]

By Jeff McCord, The Investor Advocate Take Lincoln’s Approach to Hold “Untouchable” Fraudsters Accountable Within recent months, two media events captured the attention of many Americans: the premier of the Spielberg movie “Lincoln” showcasing the 19th century federal government’s ability to end our nation’s crime against humanity; and, the airing of the PBS Frontline series […]

Update: Application, clarification of “New world Order”. I have put this update at the beginning of the post for I believe it is an aspect of my post on the Trans Pacific Partnership (TPP)  that should not be dismissed by myself nor by a reader of the post. Now that I have had the day […]

Catherine Rampell writes a good analysis with caveats on why we seem to have .  Best to read the original as I could not figure out a way to nuance a summary.  Lots of comments to fill out the why I believe : In an article on Thursday’s front page, I wrote about how long […]

US Household wealth regains pre-recession peak!  crows this story. Steve Roth‘s chart to 2010 from Asynptosis demonstrates the drop in net worth for most of us. pgl at Econospeak adds perspective: So Whose Wealth Is At a Record High? This news story must be good news for some folks: According to the Federal Reserve, household wealth […]

Richard Eskow  points us to a trend with liberals media types and Social Security: A President Who’ll Cut Social Security — And Liberals Who Love Him Too Much The spectacle of a supposedly liberal president repeatedly and needlessly trying to cut Social Security is enough to bring a reasonable, economically literate person to the point […]