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

“Congressional Leaders Signal They Intend to Kick the Can Down the Road on CHIP” Again

A Little History of the legislator who wrote the bill: Chair of the House Appropriations Committee since 2017, Rodney Frelinghuysen’s campaigns have been funded by the aerospace, defense, pharmaceutical and health care industries. On domestic issues, he opposes legalized abortion, Planned Parenthood, sanctuary cities, and federal regulation of greenhouse gas emissions. He endorsed Donald Trump […]

Holy crap! What me worry?

Politico points to major tax cut headaches to come: Other issues arise from the fact that lawmakers are mostly skipping the custom of having a transitional period between current tax rules and the new ones, in order to give the public time to adjust to the changes. The House bill also includes a whole new […]

Stop talking affordable water and start talking poverty

David Zetland writes at Aguanomics Stop talking affordable water and start talking poverty Circle of Blue published this long, aggravating article of the efforts of activists, water managers and (far too many consultants) to “find a compromise” on the price of water that will cover system costs without “burdening the poor.” Let me solve this […]

An astute progressive critique of the Trump Administration from … CNBC?!?

An astute progressive critique of the Trump Administration from … CNBC?!? John Harwood of that well known lefty outlet, …. ummm, CNBC …. writes this morning that “Trump has Forgotten his ‘Forgotten People’:” He forgot them on health care. Jettisoning his campaign pledge to “take care of everybody” regardless of income, he proposed cutting federal health […]

The single item most responsible for the decline in manufacturing has been the Republican tax cuts

Lifted from comments, Spencer England says: What Reagan managed to accomplish was to turn the US from the worlds largest creditor nation into the worlds largest debtor nation. Why don’t people see that the expanded deficit will reduce savings and expand the savings-investment gap which is equal to the current account deficit? So crowding-out works […]

Has Dean Baker Joined Team Republican?

Has Dean Baker Joined Team Republican? The dishonesty ab out the Trump tax cut for the rich from certain Republican leading conservatives are been extensively noted so let’s not go there. But why is Dean Baker writing this? There are two ways in which we can say that a deficit/debt is will hurt our children. The first […]

What Republican Iowa Senator Grassley Really Thinks . . .

of His Constituents. Iowa Republican Senator Grassley came out publically stating he wants to eliminate the estate tax to help Iowan farmers stay on their family farms. In rebuttal, the Des Moines Register had this to say: Of the numbers of Iowans paying the estate tax, they can be quantified in the dozens each year. […]

The Great Awokening

The Great Awokening There’s a theory about the sins and shortcomings of society: they are all due to our failures of consciousness. If people were purer, given to understanding and following the true path, the problems of this world would cease to exist. According to this view, poverty and inequality are the result of greed, […]

Flynn Bails, but Don’t Get Your Hopes Up

Flynn Bails, but Don’t Get Your Hopes Up I haven’t seen anything yet to convince me that the Putin-Trump collaboration was a big deal.  Ugly and unprincipled, sure, but politically consequential, probably not. A contrary view, expressed by Harry Litman in today’s New York Times, is that this is the beginning of the end for the […]