We are now in day 8 of the federal shutdown and it seems Americans are rapidly losing faith that the powers that be can turn the economy around. Confidence in the economy has deteriorated more in the past week than in any week since Lehman Brothers collapsed on Sept. 15, 2008.
|By: DSWright Tuesday October 8, 2013 2:09 pm|
|By: DSWright Thursday October 3, 2013 8:18 am|
The end result of the shutdown could be not only a victory for extortion tactics by the minority party, but also long lasting damage to the safety net with cuts to Social Security and Medicare. Speaker John Boehner is telling his Republican colleagues that negotiations are taking place behind the scenes on the so-called ‘Grand Bargain’.
|By: DSWright Friday September 6, 2013 8:41 am|
While pinning down an exact number is difficult, especially as the target list is expanding, there are some initial projections on the potential costs of President Obama’s attack on Syria. The Congressional Research Service analysis puts the cost as high as $12 billion for a year’s operation citing estimates by General Dempsey, chair of the Joint Chiefs of Staff.
|By: DSWright Monday August 26, 2013 10:30 am|
According to JP Morgan’s own financial disclosure the Too Big To Fail bank has decided to use its massive wealth and power to promote cuts to entitlement programs for current and future senior citizens. The group “Fix The Debt Coalition” received $500,00 from JP Morgan.
|By: masaccio Sunday June 23, 2013 11:00 am|
NYT commenters explain how to succeed in the American economy. Or not.
|By: Dean Baker Friday June 7, 2013 6:55 am|
It was the Social Security and Medicare trust funds that he wants to abolish. It would be the same thing — destroying large amounts of wealth, just different people involved.
|By: Dean Baker Sunday June 2, 2013 12:20 pm|
The Washington Post long ago eliminated any distinction between news and opinion in its reporting on Social Security and Medicare. Keeping with this pattern, it ran a front page editorial that gave us the bad news from the Medicare and Social Security trustees reports released Friday.
|By: cocktailhag Thursday May 16, 2013 8:00 pm|
It’s quite a week when the entire MSM suddenly gets sufficient oxygen into its hairspray-addled brain to be shocked, shocked, I tell you, at the fact that the Obama administration has been, well, behaving like Loyal Bushies on meth for the last four years. Mainly, because team Obama was just a tiny bit nicer about how they icily disdained several parts of the Bill of Rights, not least that first one, the punitive prosecutions could continue. the wiretapping comfortably privatized, and the illegality and cronyism of the Bush era would be magically transformed into cuddly bipartisan consensus.
Trouble is, that sort of thing only works until it doesn’t.
|By: Jon Walker Tuesday May 7, 2013 11:15 am|
A new study in Health Affairs appears to disprove the commonly cited myth that public insurance programs “shifts cost” onto private insurance. The idea behind the myth is that public insurance programs pay providers less than what procedures cost which forces them to make up the difference by charging private insurance companies more.
|By: DSWright Tuesday April 30, 2013 6:40 am|
As the latest reports indicate that the U.S. economy is slowing down and the intellectual foundation for austerity economics has been discredited, Congressional Democrats are pushing back against President Obama’s austerity budget. Democrats in the Senate and even more in the House no longer see the logic in austerity cuts to social programs such as Social Security and Medicare given that the evidence contradicts the intellectual rationale for them.