SYRIZA Achieves Victory in Greek Elections

By: Sunday January 25, 2015 6:00 pm

SYRIZA won 149 seats out of 300 in Greek parliament with more than 75 percent of voters already tallied. While the coalition did not gain the majority, it basically achieved a massive victory after the assault by European elites warning Greeks not to vote for SYRIZA. Thirty-six percent of Greeks voted for the coalition compared to 28 percent [...]

 

Detroit: A Tale of Two Cities: Post-Bankruptcy

By: Tuesday November 18, 2014 2:45 pm

Discussion of Detroit, MI falling from premier industrial city to bankruptcy and the ramifications.

Late Night Irony Alert: Payers of Low Wages Complain about Low Wages

By: Wednesday October 15, 2014 8:00 pm

A question for these Retailers:

Would you support Unions, drop Austerity, erect Tarriffs, abrogate the trade treaties: NAFTA, CAFTA, TPP, TTIP and TISA, and lobby the Federal Government to fix our infrastructure (good jobs, money in the bottom 50%, more sales), all to fix you bottom line?

Yes or No?

Beware of Policies and Legislation Based on the Generational Accounting Scam

By: Sunday October 12, 2014 4:03 pm

The Peter G. Peterson Foundation (PGPF) and its allied army of associated deficit hawks want the Congressional Budget Office (CBO), the General Accountability Office (GAO), and the Office of Management and Budget (OMB) to do fiscal gap accounting and generational accounting on an annual basis and, upon request by Congress, to use these accounting methods to evaluate major proposed changes in fiscal legislation.

Oh more of this!

By: Friday October 10, 2014 1:30 am

Austerity has worked so well in hurting as many people in as many ways as possible. And the gift keeps on giving.

A Bottom-Up Solution to the Global Democracy Crisis

By: Tuesday September 23, 2014 6:40 pm

Before the “no” vote on Scotland’s independence, The New York Times, carried a post by Neil Irwin in the Upshot making the point that the then upcoming vote “shows a global crisis of the elites.” He argues that the independence drive reflects “. . . a conviction — one not ungrounded in reality — that the British ruling class has blundered through the last couple of decades.” He also thinks that this applies to the Eurozone and the United States to varying degrees, and is “. . . a defining feature of our time.”

Real Fiscal Responsibility: What Chris Hayes Said

By: Tuesday September 9, 2014 7:12 pm

I’m interrupting my series on US Government Real Fiscal Responsibility since the Carter Administration to write about something Chris Hayes said relating to Real Fiscal Responsibility. Back in February of 2014, he tweeted:

“If you can run a deficit to go to war, you can run a deficit to take care of veterans.”

Real Fiscal Responsibility 5; Carter: Environmental Degradation

By: Sunday September 7, 2014 6:40 pm

This, the fifth post in a series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration periods, beginning in 1977 to 1981 with the Jimmy Carter period, will cover the performance of the Government on the environment and climate change aspect of “public purpose.” The previous posts discussed some basic definitions and assumptions of the series and evaluated Government performance relating to economic stagnation, living wage full employment, price stability/inflation, implementing universal health care, and educational reform.

Real Fiscal Responsibility 2; Carter: Stagnation and Unemployment

By: Sunday August 31, 2014 7:05 pm

This post continues my series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration periods beginning in 1977 with the Jimmy Carter period. My first post explained why I chose to start my evaluation with the Carter period, and also laid out my related definitions of fiscal sustainability, and fiscal responsibility.

Real Fiscal Responsibility I: Preliminaries

By: Sunday August 31, 2014 5:20 pm

This is the first in a lengthy blog series that will evaluate the US Government’s record on Real Fiscal Responsibility, Administration period by Administration period, since the Administration of Jimmy Carter in 1977. In evaluating the US Government’s record, it’s important to state clearly that I will be evaluating more than just each Administration and its activities.

The record of fiscal responsibility is not the product of the Executive Branch alone. It is the outcome of the interaction of the Executive with the two Houses of Congress and the Federal Reserve System, even on occasion the interaction of one or more of these with the Supreme Court. All bear joint, though not equal responsibility for the record of Government fiscal responsibility or fiscal irresponsibility, as the case may be, during each Administration period.

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