Remember the video of the guy in the “pimp costume” who got advice from ACORN employees on how to run his prostitution ring? Turns out the whole story was just a lie, a doctored-video smear job on an important organization. The guy never wore a “pimp costume” and the real, undoctored videos showed that ACORN [...]
I got my first job while I was in high school through a small community organization run by Willie J. Hardy, a community activist (and later D.C. City Council member) who operated out of what legendary Washington Post writer William Raspberry described as a “tiny, hopelessly cluttered quonset hut” in the Deanwood section of Washington. [...]
According to a Pew Charitable Trusts study released Thursday, baby boomers and Generation Xers are increasingly unlikely to be able to afford the costs of retirement, making critical the need for a strong Social Security program to bridge this income gap. Instead of weakening the social safety net by using the “chained CPI” to reduce [...]
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 [...]
A continuing seriesRead the full seriesTell your member of Congress Washington remains focused on a “deficit problem” when there is no deficit problem. According to the Congressional Budget Office (CBO) the 2013 budget deficit will be down 60 percent as a share of gross domestic product from President Bush’s fiscal year 2009 deficit (from 10% [...]
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.
The Senate campaign in Massachusetts will be close and hard fought. Ed Markey, the winner of the Democratic primary, knows he has to run a bare-knuckled, knock down, full bore campaign to win. So it is notable that one of the first appeals to his supporters is to enlist them in telling the president that [...]
This week, President Obama will travel to Austin, Texas to call for action on jobs. The proposals the president put forth in his State of the Union address – investing in infrastructure, expanding preschool, bolstering manufacturing assistance centers, raising the minimum wage – have been blocked in the Congress, and disappeared from the public debate. [...]
Cutting Meals On Wheels doesn’t save the government a dime, it costs $489 million a year. Cutting IRS obviously increases the deficit because it lowers tax revenue. Other cuts also increase spending. All obviously hurt the economy. Tell me again, what’s the justification for this? Repeal this foolish and unjustified sequester. A continuing seriesRead the [...]
Republicans continually drone on about how “government spending” is so bad… Infrastructure, medical research, education, law enforcement… bad … “out of control” … “take money out of the economy” … etc. And so because we have to do something about “out of control spending” we have this sequester. A continuing seriesRead the full seriesTell your [...]