I have written before that Paul Krugman is in a process of illumination about inequality. Today I see that he wrote about how inequality reduces growth. Jared Bernstein wrote about it too. Paul Krugman wrote… “There is, at this point, no reason to believe that comforting the comfortable and afflicting the afflicted is good for […]

For the last 79 years, Social Security has paid out every benefit owed to every eligible American, making it one of the most successful programs in American history. 67 percent of Americans are opposed to any cuts to Social Security.

Kenneth Thomas has covered how many state level deals to entice private companies are bad deals, including sports stadiums, as ‘job creators’ extol their own virtues. Run has covered the defunding of state unviversities and also the rise in tuition and student debt. Robert Waldmann writes about the constant ballance of reporting. Yves Smith has […]

Via Truthout comes this post on the US Post Office: The post office makes a profit — expected to be more than a billion dollars this year. Yet, the media keeps reporting that the USPS is losing billions of dollars each year. What they fail to mention is that those are phony paper losses manufactured […]

Two illegal immigrants Erika Andiola and Cesar Vargas engage Republican Representative Steve King on staying in the US. Watch tough guy Rand Paul scamper away after Erika announces she is a “Dreamer.” She appears to challenge Steve King to get rid of her and offers he business card. In answer to her challenge, Steve King […]

“Ballance” as defined by Chris Cillizza consists of choosing a metric such that it gives a balanced conclusion. The ur-example was his own corruption scorecard which assessed whether Republicans or Democrats were ahead in the corruption game. He defined rules for scoring which included only alleged corruption of current office holders counts. An editor (whose […]

I see two articles this morning about how increasing inequality will lead to slower growth. How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible Ways To Change The Tide, by S&P Capital IQ. Comment on first article by ABC news, Wealth Gap is slowing US economic growth. The articles are basically describing how […]

Does the name Bruce Rauner ring a bell? No, me neither. It turns out he’s the Republican nominee for governor in Illinois, which under normal circumstances would mean he’s a nobody. But he’s been leading incumbent Democrat Pat Quinn in polls all summer, and could actually end up as the state’s next governor. This is […]