Hah Hah: You Are Poor

By: Thursday September 18, 2014 3:15 pm

Thanks for reading this. I hope it distracted you briefly from the daily hunger pangs you face. If you don’t complain, we’ll allow you 30 minutes of TV tonight. Now back to work serf.

 

Downgrade of Kansas Bond Rating Offers Another Warning to Wisconsin

By: Wednesday May 7, 2014 6:51 pm

A bond rating agency has downgraded its rating of Kansas’ creditworthiness, citing revenue reductions from tax cuts and slow economic growth, among other factors.

Don’t Be Kansas: Impact of Massive Tax Cuts on Kansas Offers a Warning to Wisconsin

By: Saturday March 29, 2014 12:40 pm

Wisconsin lawmakers advocating for more tax cuts should consider the example of Kansas, a state that has pushed through enormous tax cuts and that has been held up by tax-cut proponents as a model worth replicating.

Wisconsin Budget Compounds the Economic Challenges for Low-Wage Workers

By: Saturday August 31, 2013 12:30 pm

Workers in Wisconsin and across the U.S. must still cope with a relatively weak labor market.  That is especially challenging for low-wage workers who are struggling with the declining value of the minimum wage, reductions in employer benefits like health care, and growing inequality. Those challenges are exacerbated in Wisconsin by budget decisions made by state lawmakers.

We Are Going to Be Everywhere!

By: Sunday April 21, 2013 5:20 pm

The U.S. Treasury was today renamed “A Citigroup Subsidiary, Jack Lew, Inc. CEO,” as Robin Hood and a merry band of 2,000 hoisted a banner with the Treasury building as backdrop on the corner of 15th St. NW in Washington, D.C.

“Who does Secretary Lew work for?” asked Jennifer Flynn of Health GAP, one of the founding organizations of the Robin Hood Tax Campaign.

“The people,” answered all.

FDL Book Salon Welcomes L. Randall Wray, Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems

By: Saturday January 5, 2013 1:59 pm

I am hosting the Firedoglake discussion of my colleague Randy Wray’s new “Primer” on macroeconomics. Macroeconomics is the study of the overall economy – economic growth, recessions, depressions, inflation, unemployment, and employment are big issues that macroeconomics studies. The key policies it addresses are usually divided into fiscal (tax and spending) and monetary policies (the growth of the money supply and setting interest rates).

The concept of monetary tools has broadened as we have seen the Federal Reserve change what had been a severely constrained “lender of last resort” function of the central bank into the most massive bailout program in history. Similarly, the central bank’s interest rate setting function that was long focused on short-term rates has expanded into large experiments that attempt to lower long-term interest rates (“quantitative easing”).

Romney’s Provable Lie About the Mandate

By: Friday July 6, 2012 10:35 am

Sadly it is not unusual for politicians to lie; but when most politicians lie, they don’t do so in ways that can be immediately proven to be lies.

The Many Layers to Romney’s Confusing Message on the Individual Mandate Tax

By: Thursday July 5, 2012 9:49 am

When the Supreme Court upheld the Affordable Care Act one political silver lining for Republicans is that the Court effectively declared the individual mandate a tax. The problem for Republicans, though, is that Mitt Romney championed a near identical mandate in Massachusetts. As a result, Republican efforts exploit this tax issue have been extremely awkward.

Finally, Romney Straightens Us Out on When a Tax That Isn’t a Tax Is

By: Wednesday July 4, 2012 1:50 pm

I’ve noticed that many of you have become rather careless with the English language, and frankly, it’s just confusing the children. Recognizing the threat to the next generation’s ability to understand the news on Fox, America’s Family Man, Mitt Romney, bravely came forward today to clarify when a tax that isn’t a tax is really a tax.

It’s a Tax!

By: Friday June 29, 2012 12:39 pm

Roberts declared that the sole reason the individual mandate is constitutional is because it is a tax and Congress has the power to levee taxes.

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