Dean Baker writes to the question of who is pushing the fiscal cliff idea: Elites Demanding Austerity Also Ignored Housing Bubble … it was somewhat shocking to see a book review in The New York Times by Noam Scheiber, an editor at The New Republic, that longed for the day when we will have people […]
by Linda Beale Calling all Americans: we face an “austerity crisis” not a fiscal “cliff”; we need a piecemeal solution, not a “grand bargain” Keynesian economic theory is the only theory that has gotten much of what’s gone on in the last few decades correct, but of course the GOP market fundamentalists, in reliance on […]
Angry Bear comments has been switched to using the blogger word verification system until the spam aimed at us is controlled. Our counter shows over five thousand spams eliminated since Nov. 8th. We have avoided using the CAPTCHA filter because spam was at a relative nuisance level, but this period of time has seen a […]
We are a country not just divided, but fragmented along axes of race, age, religion, economic status and geography. There are now 15 States where citizens have filed petitions to secede from the Union. “These include Louisiana (which led the charge), the Republic of Texas, Kentucky, Colorado, New Jersey, Montana, North Dakota, Indiana, Mississippi, North […]
by Linda Beale Is it a fiscal cliff or merely a bump in the road? Sixty percent of American voters in exit polls indicated that they supported higher taxes for the wealthy, see here. Even some arch conservatives are acknowledging that some tax increases won’t do terrible harm. Id. (noting that the Wall Street Journal’s […]
Apparently Angry Bear comments have been the subject of a spam bombardment, mostly about buying prescription drugs but also sports equipment. I have contacted the Blogger team by e-mail, and have asked other Bears to help keep current comment sections clear so readers can maintain their comments on posts. Sorry for the annoyance. I miss […]
Via Business Insider, Joe Weisenthal offers a look at the explosion of media covering the notion of ‘fiscal cliff’. I was going to list representative links but gave up…I leave it to readers to supply their own sources for this post. The issue has been framed as mostly an ideological and partisan battle, with a […]
Via Taxprof blogWall Street Journal: Tax Twist: At Some Firms, Cutting Corporate Rates May Cost Billions: What Uncle Sam has given to the earnings of companies like Citigroup, AIG, and Ford he soon might take away. President Barack Obama has said, most recently during last month’s presidential debates, that the 35% U.S. corporate tax rate […]
by Mike Kimel Posterity I think you have to go back to Bob Dole in 1996 to find a Republican nominee for for President whose signature accomplishment wouldn’t be repudiated by most members of his own party in November 2012. The 2000 and 2004 nominee is best known for turning a surplus into a deficit […]