So, people who followed the SS and Medicare rules and made their payments over the years rightly view themselves as having paid for their entitlement benefits, regardless of whether their cumulative FICA payments fall short of or exceed the cumulative sum of those benefits. Why shouldn’t they, and why is Catherine Rampell implying that the deal implicit in our major entitlement programs is anything different?
|By: letsgetitdone Saturday April 19, 2014 11:55 am|
|By: letsgetitdone Sunday March 30, 2014 8:00 am|
Abby Huntsman’s first rant about entitlements soliciting generational warfare, got a lot of pushback from defenders. I reviewed the main points made in defense of entitlements, and then added “the most important point of all” as well. Abby made a second try, however.
|By: letsgetitdone Sunday March 23, 2014 12:56 pm|
MSNBC’s right wing representative on The Cycle, Abby Huntsman, got a lot of pushback from Social Security defenders after her rant last week. But, there is one point, the most important one of all, which is not made in all these “progressive” push back arguments against Abby Hunstman’s right wing Petersonian “Fix the Debt” rant. That is the point that there is no entitlement crisis and no emergency, and neither an increase in payroll taxes, nor robbing from “future generations” is necessary to close the projected gap after 2033
|By: Lisa Derrick Monday September 23, 2013 4:59 pm|
The Federal Reserve is a hundred years old this year. There’s not a whole lot to celebrate in its century long history–the intention might have been good, but the execution has kind of been disastrous. In tonight’s film, Money for Nothing: Inside the Federal Reserve, our guest filmmaker Jim Bruce takes us through the history of the Federal Reserve System and into the current mess.
|By: Jeff Connaughton Sunday July 28, 2013 1:59 pm|
On the big questions about our government’s performance in the lead up to the 2008 financial crisis and afterwards during the response, today’s guests believe our government blew it. Past administrations made errors of commission and omission that led to the crisis, and the Obama Administration failed to address its aftermath effectively. Government didn’t diagnose and treat the problems that led to the crisis, and it didn’t prescribe the right medicine after the convulsion. On these big questions, few at Firedoglake are likely to disagree with the good doctors of political science who are today’s guests. There’s blame enough to go around, the authors say, but “Wall Street should be nailed to the highest pole.”
|By: masaccio Sunday February 24, 2013 11:20 am|
The old macroeconomists hang their heads in disgrace, retire and vanish from the mind of the public. Just kidding. They keep on forever.
|By: SouthernDragon Tuesday July 31, 2012 4:45 am|
A variety of links to articles/interviews/speeches on current issues that may be of interest.
|By: SouthernDragon Wednesday July 18, 2012 4:45 am|
A variety of articles/interviews/speeches on current issues that may be of interest.
|By: masaccio Sunday May 20, 2012 10:30 am|
Conservatives say that government is useless and that the private sector is the only way to solve economic problems. They are wrong and they are destroying the economy.
|By: Dean Baker Sunday January 15, 2012 5:00 pm|
The lead Washington Post editorial noted (and excused) the Fed’s complete failure to understand the dangers posed by the housing bubble (the economy is soooo complicated) and then somehow used this failure as an argument against its housing proposals. The Fed’s main housing proposals were that Fannie and Freddie should make it easier for underwater homeowners to refinance and also that they should look to convert some of their foreclosed properties to rental units.