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

Who is the true beneficiary of welfare? or Please define: Entitlement

I wrote in February of 2012 about welfare: Welfare, I’m not hurting from it and neither are you. I noted the following: but it looks to me like what we spend on welfare is not much more than what the government is spending on just doing the government thingy, unless of course people can’t get […]

The Young, the Shutdown, Austerity, and Wealth

I can not help but wonder if Friedman takes delight in the predicament of the Young and Baby Boomers as he writes about Druckenmiller excursions on to college campuses . I envision  a bit of Schadenfreude as evidenced by his choice of titles for his latest column. October 15, 2013, Tom Friedman writes in the […]

Budget stances

Lifted from reader rjs’s newsletter when comparing the Ryan outline and the Dem budget issues to be resolved: but this year, like each of the past three, that budget responsibility was again shirked, leaving us with government by “continuing resolution” which has resulted in as many as seven such short term funding bills in one […]

Damon Silvers Smackdown of CNBCs Kelly Evans and Simon Hobbs on Social Security

Damon Silvers appears to have his wheels on correctly answering two CNN talking heads on their version of Social Security. Kelly Evans: “Of course people want to make sure that our citizens are taken care of. But that’s almost not the point.” (It’s not?) Evans proceeds to assail Silvers and the AFL-CIO for refusing to […]

Weapons of mass deflection

Excepts from an interview with Richard Wolff ( Professor of Economics Emeritus at the University of Massachusetts, Amherst. And he is currently a Visiting Professor of the Graduate Program in International Affairs at the New School University in New York. Since 2008, he has been writing and speaking chiefly on the global capitalist crisis) from the […]

Thoughts on Matt Yglesias

Lifted from Robert’s Stochastic Thoughts I am going to put two comments on Matt Yglesias’s blog here.  I am somewhat concerned.  My previous view on Yglesias is that I agree with him except on monetary policy (and the effect on asset price of Abe/Kuroda and of FOMC hints of possible tapering on asset prices particularly […]

Health Wonk Review – Rich and Varied Offerings

Maggie Mahar reviews other blogs on healthcare within the blogosphere   Joe Paduda has hosted the newest edition of Health Wonk Review, a bi-weekly roundup of some of the best healthcare posts in the blogosphere. You will find it at Joe’s blog, Managed Care Matters.: Here are just a few highlights: Health IT is still […]

What is the POINT of this?

WASHINGTON — House Republicans on Tuesday put forward the outline of a response to a Senate proposal that would end the government shutdown and raise the debt limit into next year, but would also make some changes to the health care law. Under their plan, members of Congress and the cabinet would be compelled to […]