Tag Archive | "Debt"

Bernie Sanders Is Right: Corp Media Trying To Sell “Gang of Six” Disaster

    We still aren’t clear enough about what has happened: the corporate media has framed the debate about the phony debt and deficit "crisis" so adroitly that the back-and-forth on this debate is largely about how much to screw the average person in America, not whether to screw the average person in America. Sorry to […]

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“Bi-Partisanship” and “Compromise” Do Not Equal FAIRNESS or JUSTICE

   I’ve never been a fan of "bi-partisanship". When someone is out to kill you, or your nation and community, making a deal for the sake of "bi-partisanship" or "compromise" makes no sense when the end result is injustice and a worsening of our lives. But, that’s where we are today because of a completely […]

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We’re Tapped Out–But Who Is At Fault?

    Why some people are surprised that the economy continues to be weak speaks more to the bankruptcy of our elected leaders and the cluelessness of the press release transcribers (we used to call them "journalists"). People don’t have money–and that is a real issue when two-thirds of the economy depends on people buying stuff. […]

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“Generic” Seems Better Than The Real Thing

   If you aren’t willing to stand up to the greed and robbery going on in the country, here’s what happens: For the first time a generic “Republican Party candidate” is favored by a statistically significant margin over President Barack Obama, the Gallup polling firm said. According to a Gallup poll released Thursday, 47% of […]

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Shut ‘Em Down: Corporate Off-Shoring Loopholes In The Cross-Hairs

   You hear that great sucking sound? It’s the hundreds of billions of corporate dollars that flood to off-shore tax havens. Time to turn off the spigot… There is some movement here: Saying that offshore tax havens deprive the United States Treasury of tens of billions of dollars of revenue a year, two senior Democratic […]

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“Guys who can’t get a job on Wall Street get a job at Moody’s”

   Every day, there is a new joke about the economy–though, the joke is a cruel one on most normal people and unfortunately, the transcribers of the news (nee "journalists") don’t get the jokes largely because they are (a) really dumb and/or (b) don’t really care and/or (c) are so wrapped up in being "serious" […]

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Economic Super-Dystopia: Corp Profits Strong…”Recovery” For Real People Awful

   Happy Days are here again, folks–uh, for the corporate bottom line. The people: not so much. Profits are up big time: While the U.S. economy staggers through one of its slowest recoveries since the Great Depression, American companies are poised to report strong earnings for the second quarter—exposing a dichotomy between corporate performance and […]

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Where Did The Money Go? Ten Year War Costs: $4.4 Trillion

   Math is a pretty simple thing–except if you are an elected member of Congress engaging in misdirection, blaming the wrong people and a healthy dose of cognitive dissonance (which requires that you reconcile conflicting realities by blaming, justifying or denying the truth). Which brings us to: why do we have deficits? Well, at least […]

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Rich Peoples’ Wealth Growing In Global Crisis: Let Them Eat Cake!

     A crisis is a great time for the richest in the world. When you have a lot of money, it’s a buy, buy, buy atmosphere where you can make even more money from distressed assets or countries like Greece, who are forced by the financial mandarins into a "fire sale" of national assets to […]

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Joe Biden’s Time Better Used On Attending Funerals

    A thought crossed my mind reading today’s Wall Street Journal, and I offer this thought to the vice-president: if you have the choice of continuing the entirely pointless exercise of fanning the flames of the phony debt and deficit "crisis" VERSUS fulfilling the more traditional daily role of vice presidents who are sent to […]

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