The deficit is now down 60 percent as a percent of gross domestic product. It is down more than the deficit hawks Alan Simpson and Erskine Bowles asked for. This rapid reduction is seriously hurting the economy and jobs, but demands for cuts continue. It is time for Congress and the President to “pivot” to [...]
An Economy for All
Yesterday I wrote about how obstructionist Republican tactics are hollowing out our government, hobbling its agencies, and diminishing its responsiveness to the needs and concerns of ordinary Americans. Nowhere is this more apparent than in our court system, where Republican obstructionism may have far-reaching, disastrous consequences for public policy. And, again, that’s just fine with [...]
Yesterday, in response to recent IRS admissions, President Obama called the enhanced investigation of conservative groups seeking tax-exempt status “intolerable and inexcusable.” And, Attorney General Eric Holder announced a criminal investigation into the allegations against the IRS. But both of them are missing the point.
The scandal here is not that political groups were targeted by the IRS, it’s the fact that political groups are being subsidized by John Q. Taxpayer. Groups that are politically motivated, and not really “social welfare” organizations, shouldn’t receive preferential tax treatment in the first place – regardless of their political affiliation.
David does a nice job unpacking the dreadful Politico gossip item in his post below. But as a long time Village observer from afar, I thought I might add a little more context. The first observation is that apparently Sally Quinn has officially passed the baton to Vandehei and Allen. How do I know this? Well, take the first sentence.
Republicans in Congress have a new tactic for shrinking government: making sure that nobody’s there to run it. Well into the president’s second term, an alarming and unprecedented number of vital positions in every branch of government remain vacant. As Republicans use and abuse processes that helped government run smoothly once upon a time not [...]
I told you so. When minimum wage workers in Chicago, IL went on strike, I said that the movement to raise the minimum wage would not go away. When fast food workers in St. Louis, MO walked off the job, demanding better pay and better treatment, I predicted that the movement for a livable wage [...]
President Obama has nominated five people to the National Labor Relations Board (NLRB). Two are Republicans. All are waiting for confirmation by the Senate. Let your Senators know these nominees should be confirmed so the NLRB can get back to work. What Is The NLRB? The NLRB is the agency that “safeguards employees’ rights to [...]
I had the privilege of hearing Dean Baker and Mark Weisbrot speak about austerity the other night and it was as fascinating as you might imagine. I think most people who read this blog wouldn’t be surprised by what they said, but I think many in the audience were people who may be depending upon more mainstream sources and were very surprised — and alarmed — by what they heard. It’s hard to wrap your mind around. The CEPR does yoeman’s work in providing the data and analysis that informs all of us and I’m very grateful for them. And Chris Hayes is also doing something on his show that’s very important — telling stories about how austerity affects real people.
The research discrediting the Reinhart-Rogoff study is upending the economic policy discussion everywhere. Everywhere, apparently, except for HBO’s new series “Vice,” which recently featured Kenneth Rogoff as an expert on austerity.
Here comes a surprise. Who is the country’s biggest creator of low-wage jobs? Watch this video to see. From Good Jobs Nation: Our economy is shifting from good-paying middle-class jobs to low-wage jobs. Even as we finally get a monthly jobs report that shows the country creating enough jobs for all the people entering the [...]