Let me state this right up front – Chained CPI is a bad idea. A very bad idea.
|By: dakine01 Saturday April 6, 2013 5:43 pm|
|By: DSWright Friday April 5, 2013 6:05 am|
President Barack Obama has once again started his negotiations by scoring into his own net. In what may be the dumbest plan yet proposed, Obama has offered cuts to Social Security hoping for a change in the Republican’s position on tax loopholes for the wealthy.
|By: DSWright Wednesday March 6, 2013 8:10 am|
You may have noticed an interesting frame the plutocrats and their spokespeople are using in the debate over reducing social security and medicare benefits – pitting the young against the old. The campaign is relentless, smearing the elderly as parasitic and stealing from the young.
|By: David Dayen Wednesday November 14, 2012 8:30 am|
I just want to add on to what Dean Baker says here. It’s not just that the people trying to hype the fiscal cliff as a scary, terrifying prospect shouldn’t be trusted given their track record. It’s that the short-term impact, say one month, of expiring measures really does approach zero.
|By: dakine01 Tuesday October 23, 2012 6:30 pm|
I’m a bit surprised we don’t see more news articles like this one from the AP last Sunday (October 14) about a man attempting to rob a bank of $1 so he could be sent to a Federal Prison. How bad must it be to want to rob a bank so that you can get sent to prison? My guess is the three hots and a cot and health care sounded mighty appealing if the option was starving on the street.
|By: Kay Tillow Sunday October 7, 2012 8:35 am|
After the November election, there will be a major effort in Congress to pass a budget deal that will make cuts in Social Security, raise the Medicare and Social Security eligibility age, and perhaps more–unless we act to stop it with a solution that is close at hand.
There is agreement from the Wall Street Journal’s David Wessel to liberal economists Dean Baker and Paul Krugman that the pressure will be on to reach a Simpson/Bowles type of compromise. Such a bipartisan plan would damage our most cherished programs and excuse the dastardly deed by asserting that the cuts are small and necessary because of the deficit.
|By: Dean Baker Saturday October 6, 2012 1:59 pm|
David Cay Johnston has given us another great book full of fascinating accounts of how corporations profit not by delivering a better product or being a more efficient producer but by gaming the system. This is not a pretty picture.
|By: dakine01 Thursday August 16, 2012 7:15 pm|
I laugh when I see where someone has butt shot himself while thinking of all the “butt calls” I have received from family and friends. And I get a little sad when I see legislators in my home state embarrassing themselves with their diatribes against teaching evolution. (Note: Gravity is still considered a theory as well, maybe some of these folks complaining about teaching evolution “cuz it’s only a theory” should maybe be invited to test that gravitational theory from the top of the capital building – rhetorically speaking of course.)
But then, I wind up reading something that is so incredibly stupid and disingenuous, that I am moved to take a whack at it on my own.
|By: dakine01 Saturday April 7, 2012 4:00 pm|
Once again, the economic community is scrambling to find the reasons why they were suprised by the March 2012 jobs report. The monthly report from ADP had private sector jobs at 209K increase for March 2012 which apparently led many economists to predict a similar number for the official report from the Bureau of Labor Statistics that was released on Friday.
|By: David Dayen Friday March 23, 2012 6:45 am|
The government is already experimenting with bulk sales of foreclosed, vacant properties (Fannie Mae actually has a right to rent pilot program, but they keep it well hidden). Why not eliminate the middle step and just keep the family in the home? It saves everyone lots of aggravation and can still work on a business level.