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

Students Screwed Again by Congress ? ? ?

Since I have worked with students filling out FAFSA forms for grant, subsidized and unsubsidized loan eligibility, etc. ; I have an interest in how the interest rate debate shook out. As you know, the Senate reached a bi-partisan agreement in the smoked filled backrooms to which the House agreed to in a follow-up vote. […]

“Labor Day Report: Michigan’s Paycheck Blues”

Each year the Michigan League for Public Policy issues a Labor Day report on the status of Labor with in the state. This year the outcome for Michigan Labor is no better than in previous years. 90% of Michigan Labor finds themselves making less and a further deterioration in earning power. The upper 10% of […]

The PPACA and Healthcare Sky is Falling Again . . .

Huh? Repeal the PPACA to Help Hispanics and African-Americans ? ? ? Crooks and Liars carries a conversation by Repub Senator Ted Cruz with Candy Crowley on CNN. Senator Ted Cruz of Texas is making it his crusade to repeal the PPACA so as not to cause harm to the most vulnerable of America who […]

“Chicago issues RFP for more charter schools”

As my Chicago friend Mike (doodahman) points out in Facebook, the City has just issued RFPs for additional Charter Schools. This comes after Chicago Public Schools closed 50 schools throughout the city causing students to travel farther and over crowding other schools. The Chicago Teachers Union sees it as a union busting tactic and predicted […]

"pensioners: 17 cents on the $; BoA, UBS 75 cents on the $"

Detroit Said to Reduce Swaps Debt by 25% in Deal With Banks . The swaps were a “bet” on the direction of interest rates. With the decline of variable interest rates, Detroit found itself owing to the banks. With the decreased credit rating to B2, the same as AIG, Detroit found itself at the mercy […]

State Run and Free Healthcare Clinics ? ? ?

“For goodness sakes, of course the employees and the retirees like it, it’s free,” says Republican State Sen. Dave Lewis. 11,000 Helena state employees, retirees, and dependents now go to a state run healthcare clinic which is free. No co-pays, no deductibles, doctors are salaried, wait time is a few minutes, and visits are up […]

McDonalds’ Suggests a Budget for Employees . . .

Partnering with Visa, McDonalds’ Suggests a Budget for Employees which Ironically Shows in the End Just How Impossible It is to Get by on the Minimum Wage. The budget does not include gasoline, food, or heating expenses and incorporates $20/month for Healthcare Insurance. Besides skipping certain expenses and skimping on others; to meet the income […]

Sequester Impact: 1 In 7 Seniors Struggle With Hunger

Crooks and Liars Diane Sweet writes about the impact the Sequester is having on something I used to do when working part time at an assisted care and nuring home in Bensonville, Illinois while pursuing my first BA. “Meals on Wheels” would bring a meal a day to the elderly. Since some were apartment-bound with […]