Sen. Sheldon Whitehouse (D-R.I.) and Rep. Brendan Boyle (D-Pa.) re-introduced a bicameral bill, “The Medicare and Social Security Fair Share Act.” The aim of the bill is to require taxpayers with yearly incomes of more than $400,000 to contribute a fairer share of their income to the two programs. This is the opposite of what […]
Some select facts about the Treasury Department Functions. This includes the size of it, currency, national banks, costs of tax collection, budget, etc. The latter of which make the Treasury the third largest department fund wise. Some interesting graphs depicting functions. What does the Department of the Treasury do? USAFacts Last month, a federal judge […]
In a recent video podcast of The Jim Acosta Show, former news anchor and White House correspondent Jim Acosta catches up with Representative (Republican) outside of Capitol Hill. The reasons he was pursuing Representatives? To ask why they focused on the name-change bill, changed the name of the Gulf of Mexico, and whether they were […]
I’ll start by saying that science doesn’t deal in proof. Science draws provisional conclusions based on the weight of evidence. A scientific hypothesis is one that can be tested and potentially falsified by experiment. The hypothesis that the origin of SARS-CoV-2, the virus responsible for the COVID-19 pandemic, originated from a natural infection just gained […]
Trump slapped 145% tariffs on China, thinking it would hurt them more then it would hurt the US. Of course, trade is global, and so China’s exports surged in April as a result of a jump in shipments to Southeast Asia, offsetting the drop in outbound goods to the U.S. “China’s exports to the Association […]
More wheeling and dealing by the Trump administration and Musk. As Common Dreams calls it, More Corruption. I am not sure if any other of the past presidencies can match the open quid pro quo we are witnessing with this administration. And it is right out in the open. Hey, wish to lose the tariffs, […]
Angry Bear did have “open threads” in the past. They were meant to allow commenters to discuss topics which were important to them. The same rules apply in that you have to be polite, unruly, etc. I added one topic to this Open Thread. If there are other topics you wish to talk about, have […]
Looking at the impact of Mike Johnson and the House proposal of cutting Medicaid will have an impact. Meanwhile, Trump is expecting cuts so as to keep the 2017 tax cuts of which a major portion went to the upper one-percent in income. Estimate “seems low” — KFF’s Larry Levitt, Brookings‘ Matt Fiedler, and Georgetown’s […]
– by New Deal democrat Initial jobless claims returned to a well-behaved range this week, down -13,000 to 228,000. The four week moving average was in line, increasing 1,000 to 227,000. Continuing claims, with the typical one week delay, declined -37,000 to 1.879 million, which is still near the top end of their 12 month range: […]
Pulling from the latest Krugman article in my email box. The country is on the road to nowhere economically. It is just one story after another which are supposed to convince us something wonderful is going to happen due to Trump deals. Four months in and counting . . . A bit of Krugman keeping […]