Working Life

Fuck those idiots at the Fed. Tools of Wall Street, the bond market and the rest of the pieces of crap that have savaged Americans. You hike interests rates for no economic reason other than some clamor from the very elites who just need to soak regular Americans even more. Bernie (from his Senate website […]

Read the full story

Putting aside the noise that rumbles from the Boehner-McConnell-Fill-In-The-Blank Republican divorced-from-reality view of the economy, who rail about job-killing taxes/regulation/voodoo, the far bigger threat to jobs right now hails from the halls of the Federal Reserve Board. It could, within weeks or months, guarantee that hundreds of thousands of people won’t have a job, and reawaken the deficit-mongering crowd’s call for cuts in government that will hurt millions more.

Read the full story

You know, maybe some of the political geniuses and economists should stop talking about how great the economy is and actually get beyond the talking points of the White House and look at a tiny fact to get a clue about why people are angry: household wealth. After understanding those number, they’d also understand that part of the problem has been, in fact, bi-partisanship.

Read the full story

I am sort of used to the foolishness spewed by the transcribers of press releases (formerly known as “journalists) when it comes to Social Security. “The sky is falling, the sky is falling” is roughly the hysteria pouring out of their mouths. But, well, it’s important to keep after them because, well, ten people still listen to Fred Hiatt at the Washington Post

Read the full story

In case you didn’t notice, your taxes went up at the beginning of 2013–and you probably didn’t notice. Nor did most of the country. And that’s a good thing for Social Security

Read the full story

A little thing to remember when you see unemployment seem to get “better”. There is more here than meets the eye.

Read the full story

    My head hurts from the absolute stupidity running rampant when it comes to debating economic facts. As in, why would Social Security even be mentioned, other than for political calculations, in the debate around the phony debt and deficit "crisis"? Part of me throws up my hands and thinks this can never be stopped–especially […]

Read the full story

   You’ve heard (and, in some cases, unfortunately, been persuaded) that "generous" pensions given to public employees has caused great deficits in pensions and state budgets. It’s nonsense. And here are the facts to prove it.    The Center for Economic and Policy Research has a very important study out. It must be given wide […]

Read the full story

In the lore of political budgetary rhetoric, Sen Everett Dirksen’s observation is often useful: “A billion here, a billion there, pretty soon it adds up to real money” he is rumored to have said–rumored because there is some debate about whether he actually used that whole phrase. But, whatever–it’s useful to our current discussion. Where […]

Read the full story

   I am so tired of listening to the transcribers of press conferences (people we used to call "journalists") speaking about the debt or deficit "crisis". They just regurgitate crazy, phony stuff–and the height of all this came yesterday with the release of the proposals by the co-chairmen of the Commission appointed by the president. […]

Read the full story