by Linda Beale The Countermajoritarian Difficulty and Congressional Ethics–Ending the Shutdown [Edited to add Marcotte article on role of fundamentalism in Tea Party politics.] We have seen congressional ethics probes of Congressmen for exacting quid pro quo bribes from businessmen or for conflicts of interest or apparent failure to pay personal taxes. What about failing […]
Since I write about effective demand quite a bit here, I just want to post some of its basic principles. What is Effective Demand? Effective demand is a measure of the potential demand for the output of an economy. This potential establishes a limit upon output. In simple terms, the output of the economy will […]
The Way to Stop Discrimination on the Basis of Race Is To Stop Discriminating on the Basis of Race. — Chief Justice John Roberts, Jun. 28, 2007, writing for a four-justice plurality in Parents Involved in Community Schools v. Seattle School District No. 1. Given that statement of his own belief, and his concomitant […]
Just want to pass along this video from The Daily Conversation on the GOP changed a standing rule of the House to prevent the government from opening… This happened on October 1st… Link to video… What is happening to democracy…?
Recent article by AFP cites an IMF report suggesting that countries fighting deficit spending should simply “Tax the Rich” in income more. in its Fiscal Monitor report, subtitled “Taxing Times”, the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income […]
When the New York Times or the Wall Street Journal reports on THE federal budget deficit what number do they use? When OMB gives a top line number for THE deficit what is included or not? In particular is Social Security included? Now some will immediately jump in and say, and perfectly correctly, that Social […]
Hat tip reader rjs and then lifted from The Global Glass Onion from a long list of links pn the default question: Here are a few lifted from the not including ones from the FED: Democrats and Republicans Pedal to the Metal in Debt Ceiling/Shutdown Game of Chicken – Yves Smith – Watching the shutdown/debt […]
Late posted, but still relevant: by Linda Beale The GOP Default Enthusiasts The New York Times has a story today about those in the GOP who don’t think the government of the USA defaulting on its debt for the first time in history is a big deal. Weisman, Many in G,O,P. Offer Theory: Default Wouldn’t […]
Lifted from comments on Conundrum on waste and value in American healthcare deserves a nod. Reader Denis points us to this NYT article: The soaring cost of a simple breath “The arsenal of medicines in the Hayeses’ kitchen helps explain why. Pulmicort, a steroid inhaler, generally retails for over $175 in the United States, while […]