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

The Entire Population of Kansas Is About to Lose Its Liberty.

KANSAS CITY, Kan (Reuters) – While still unable to agree on a budget, Kansas lawmakers on Saturday averted a furlough of thousands of non-essential employees by passing a bill defining all employees as essential, officials said. Republican Governor Sam Brownback said in a statement posted on his website that he will sign the bill so […]

Why Progressives Should Reject Social Security Cap Increases

The basic reason is simple: it undercuts the broader progressive agenda. Also it buys into a particular Right economic meme. Both are huge mistakes. To understand this we need to step back and examine overall tax policy and tax progressivity. What should progressives want? Well I suggest that as a first step we restore top […]

Rick Perry Says Social Security and Medicare Were Given to Us by God. Seriously. [Addendum added.]

The things we have in this country were given to us by God, not by government. — Perry: Government isn’t your savior, Nick Gass, Politico, today Social Security and Medicare were given to us by God?  Who knew? The highway system, sewer and water systems, airports and air traffic control, operation of shipping ports, public […]

More Class Warfare: The Real Point of the 18th Amendment (Prohibition)

Consider the wording of the 18th Amendment passed out of Congress during WWI and ratified in 1919. Section 1. After one year from the ratification of this article the manufacture, sale, or transportation of intoxicating liquors within, the importation thereof into, or the exportation thereof from the United States and all the territory subject to […]

Non Class War in the USA ?

Via Steve Benen and Greg Sargent. The Washington Post/ABC News pollsters asked “Do you think the federal government should or should not pursue policies that try to reduce the gap between wealthy and less well-off Americans?”. 62% of respondents answered yes. This should be very unsurprising as it is roughly the same as the fraction […]

When Did Chris Cillizza Stop Beating His Wife?

I titled this post of mine yesterday, “I’m so, so tired of political journalists (including some who I think are generally excellent) misconstruing certain types of poll results.  And of pollsters not asking the obvious direct question they need to ask.”  The post dealt specifically with a blog entry by Greg Sargent yesterday morning in which […]

I’m so, so tired of political journalists (including some who I think are generally excellent) misconstruing certain types of poll results. And of pollsters not asking the obvious direct question they need to ask. [Addendum added.]

If ever there were a cycle that seemed poised for a serious argument over what to do — if anything — about the torrents of money sloshing through our politics, you’d think it would be this one. We’re seeing a parade of billionaire sugar daddies looking to sponsor individual GOP candidates. A profusion of clever […]

The Problem With O’Malley’s New-Generation Pitch: Elizabeth Warren is 65 and Bernie Sanders is 73

Former Maryland governor Martin O’Malley formally declared over the weekend that he will run for the Democratic presidential nomination. In his speech and a subsequent interview with ABC News, he floated several themes: He has executive experience; the presidency is not a “crown” to be passed back and forth among royal families (i.e., the Clintons and the Bushes); […]

Real GDP Seasonal Factors

In recent weeks there has been much discussion about the seasonal adjustment factors for GDP understating growth. The evidence seems pretty strong and BEA says they are working on an adjustment. But remember, the seasonal adjustment factor have to sum to one (1.00). If you change the seasonal adjustment factors to add two percentage points […]