Everything is political. Oh what a tangled web we weave when politics gets involved.
Everything is political.
- Robert Mercer -Backer of Cruz April 12, 2015
an example of how wealthy donors have been empowered by the supreme
Court’s 2010 decision in the landmark Citizens United case, which paved the way for super PACs. Unlike candidates, super PACs can accept unlimited amounts of money from individuals and corporations to support a candidate so long as they do not officially “coordinate” with ...
- GE Capital Retreat – NYTimes.com April 12, 2015
“wholesale funding.” is industry parlance for borrowing in the markets, Lenders take the cheap, short-term money and lend it for higher rates to companies and individuals. in 2008 investors who lent in that short-term market fled, leaving the financial firms that borrowed there without funding. It was a wall street
version of an old-fashioned ...
- The Middle Class Under Pressure April 11, 2015
The problem in defining the middle class with an income or wealth ranking is its ambiguity. if we define the middle class as families between the 25th and 75th percentiles, how different are families at the 24th than those at the 25th or the 76th from those at the 75th percentiles? How ...
- Middle Class, Economically Insecure April 11, 2015
The study, conducted by William R. Emmons and Bryan J. Noeth, found that one reason many Americans viewed themselves as struggling was that their real incomes had not advanced significantly beyond their parents’ even when they reached higher educational levels, while those who matched their parents’ achievements were actually worse off.The typical American family makes ...
- You Can Get Away With Cheating The IRS April 10, 2015
“If you owe $1 million, I’m going to knock on your door,” he told the paper. “If you just owe $700,000, we’ll hope you get a job sometime so we can levy.”
Wage garnishment is normally the IRS’ most effective tool for securing repayment, but that tactic is useless against most of the people who are ...
- Ted Cruz recuses self on anything before 1970 April 10, 2015
: A third Texas president, L.B.J., created Medicare in the mid-’60s. Your hero Ronald Reagan campaigned vigorously against that, saying it would lead to socialized medicine, would end liberty in the united states
. Who was right: L.B.J. or Reagan?
: It’s not worth tilting at windmills. I don’t know. I wasn’t alive ...
- Republican field; sob, stop quoting me! April 10, 2015
Rand Paul spent the first day of his official candidacy testily explaining to reporters that nothing he said before about 2009, when he began running for office, is in any way relevant to his presidential run now and so it’s all off limits. In one case, he even claimed that something he said in 2009 ...
- The party of Jefferson Davis, not of Lincoln April 10, 2015
one of America’s most fundamental problems is that the alliance between the current form of Southern labor and the current form of new york
finance is with us still. The Southernization of the republican party
and the increasing domination of Wall Street
’s over the nation’s economic life have combined to erode both the income ...
- Worker loses her job April 10, 2015
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/30/after-a-story-is-published-a-minimum-wage-worker-loses-her-job/?tid=hybrid_experimentrandom_3_naShanna Tippen was another hourly worker at the bottom of the nation’s economy, looking forward to a 25-cent bump in the Arkansas minimum wage that would make it easier for her to buy diapers for her grandson. When I wrote about her in The Post last month, she said the minimum wage hike would bring ...
- Government Handouts The Rich Get April 10, 2015
In case you are still skeptical the rich receive benefits from government (for which we don’t make them pee in a cup or promise not to buy luxuries),
1. The mortgage interest deduction for big houses and second homes. Thanks to this tax break, the 5 million households in America making more than $200,000 a year ...
- Making the poor prove they’re worthy April 10, 2015
We don’t drug-test farmers who receive agriculture subsidies (lest they think about plowing while high!). We don’t require Pell Grant recipients to prove that they’re pursuing a degree that will get them a real job one day (sorry
, no poetry!). We don’t require wealthy families who cash in on the home mortgage interest deduction to ...
- Arthur Laffer – supply-side plans for GOP April 10, 2015
Laffer’s theories are so far detached from mainstream economics that “there is no point of contact,” said Paul Krugman, a Nobel Prize-winning economist … “This is not a wing of professional economic thought, … This is not at all the same kind of enterprise as what even conservative economics professors do.”
Republicans love Laffer, Krugman said, not because ...
- A major party gone mad? April 10, 2015
There was never any evidence to support strong supply-side claims about the marvels of tax cuts and the horrors of tax increases; even freshwater macroeconomists, despite their willingness to believe
foolish things, never went down that road.
Since the 1970s there have been four big changes in the effective tax rate on the top 1 percent: ...
- “… we cannot escape history.” April 10, 2015
what unites the Republican Party
, on this 150th anniversary of the murder of Lincoln, is that they are against the type of progressive legislation that gave rise to their party. Lincoln is an oil painting in the parlor, to be dusted off while Republican leaders plot new ways to kill things that he would have ...
- It’s nice to be rich April 9, 2015
There’s a word for a government whose policies pump up the incomes of top earners and cut their tax rates while suppressing what the vast majority earn. That term is “oligarchy.”
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