How the Super Rich Are Killing Social Security, Robert Reich Blog, Robert Reich Since Angry Bear has a well known expert on Social Security in the name of Dale Coberly, I like to post other commentary on the topic. Robert Reich suggests increasing the salary limit well beyond 2023’s $160, 200 cap. He proposes eliminating […]
What is being offered up by 3M, etc. (NYT article below) is a pittance of what will be necessary to clean up lakes, wetlands associated with the lakes, rivers, and streams. I lived in Michigan. The reported contamination from PFAS, etc. in Michigan is massive and then there is a potential Lake Erie cleanup, the […]
National Health Expenditure Projections, 2022–31: Growth To Stabilize Once The COVID-19 Public Health Emergency Ends, Health Affairs, National health expenditures are projected to have grown 4.3 percent in 2022, slower than nominal gross domestic product (GDP) growth of 9.2 percent, leading to a decrease in the projected health spending share of GDP from 18.3 percent in 2021 to […]
This is taken from Prof. Heather’s June 15, 2023, Letters from an American. It begs the question of why can there not be another New Deal for Americans? When he accepted the Democratic nomination for president in July 1932, New York governor Franklin Delano Roosevelt vowed to steer between the radical extremes of fascism and […]
No one has accepted real responsibility for the East Palestine disaster, The Guardian, Zsuzsa Gyenes A noticeable chemical odor three months later – yet the town and surrounding residents still has to fight for accountability from Norfolk Southern as told by Zsuzsa. The Ohio Republican governor Mike DeWine is sitting back waiting for the East […]
The private banking industry either can’t or won’t do what needs to be done to stop preying on vulnerable people. The Post Office Can Bring People-Centered Public Banking to Every ZIP Code, Inequality.org, Anni Norman, Aditi Sen, May 2023. The need for a public banking option is urgent. Nearly 10 million households, a disproportionate number […]
There are many things which could be cut in the present Debt Ceiling bill which alleviate the unnecessary need to cut assistance to those who need it. Food assistance for very low-income older adults is not one of them. A million or so of older adults aged 50-54 will or are now at risk of […]
A week ago, this commentary by Bill McBride was up on Calculated Risk. A bit of history dating back to 2001. A very timely post and one which fits in with what was happening today with the National Debt. Take note of who was pushing less stringent regulation, tax cuts, etc. It will pay for […]
This Hill article was up on Naked Capitalism’s Links this morning. More of the Democrats urging extreme caution in pursuing the 14th Amendment as a solution to a debt limit which is an agreement between parties and not a requirement. One could always print more money to resolve the issue also. Meanwhile, citizens having little […]
Factbox: What’s in Republican McCarthy’s debt-limit spending cut package? Reuters, Andy Sullivan. Items Republicans and McCarthy are pushing for in a debt-limit package. The bill would essentially pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the federal debt limit. Republicans are wanting to talk about government borrowing. “What’s in your wallet,” […]