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

Birth year and partisanship

The New York Times has a wonderful graphic miss-urled How the Year You Were Born Influences Your Politics. Jon Chait points out that this URL (and a tweet) are accurate only if you are white (he doesn’t add that it only works if you are also a US citizen). I think you will enjoy clicking […]

SOCIAL SECURITY: CBO TELLS IT LIKE IT IS . . . MOSTLY

by Dale Coberly For some time now the Social Security Trustees have been reporting in the “media” using scare tactics like this: “Social Security Going Broke Sooner Than We Thought! Faces [fill in the blank] Trillion Dollar Deficit!” And I have tried to explain that what those numbers mean is that we need to raise […]

Subsidizing private retirement accounts….

Via Demos comes this note on Our enormous retirment subsidies to the rich: …it behooves us to collectively recall just how much money the federal government is already devoting to subsidizing private retirement accounts. Those in policy circles tend to be aware of this stuff, but it largely escapes the glare of everyone else. Each […]

F 35

        Lifted from commnents in open thread in resonse to Tom Coburn’s comments on SSDI, by ilsm: Going after SSDI scalawags. The congress just added 4 more F-35 to the 2015 buy than Obama asked for. The F-35 is currently grounded because the engines tend to blow up and catch fire when […]

The President’s job in 5 words or less

The NPR radio show “Market Place” did an interview with President Obama last week.  As they do in such interviews he was asked to describe his job in 5 words or less.   This is what President Obama stated: My job is to: Keep the American people safe and to create a platform for hard working people to succeed. […]

Right Irrationality: Feature not Bug

I thought it worthwhile to re-post this quote from a time before the Tea Party even thought of being as a reminder that the current struggle between the Republican ‘Establishment’ and the Tea Party has nothing to do with the former being some remnant of the 50s-60s era of mainstream Republicans being the ‘Goo-Goo’ Party. […]

Alan Collinge (Student Loan Justice Org.) briefly points out some of the Issues with the Brookings Institution Study as Written by Beth Akers and Matt Chingos

There are what I perceived as problems with the Brookings Study. Just one example: they base much of their analyses upon “lifetime earnings associated with earning a bachelor’s degree”. The average lifetimes earnings of degree holders is certainly skewed significantly upwards by the top 10% of earners (who account for over 40% of all earnings, […]