Economy

Cost of War Threatens More Americans than Terrorists Do

June 15, 2011
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Cost of War Threatens More Americans than Terrorists Do

Suddenly Afghanistan is closer and more dangerous At lunch I bumped into an old bike racing buddy, who tells me over a parting handshake that he is leaving for Afghanistan tomorrow to take a job with a defense contractor. The recession has devastated his small business. “Good money, I hope?” “Oh yeah,” he smiles. “Money’s…

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Taiwan Rejects American-Style Health Care, Achieves 99% Coverage, Saves Money

June 11, 2011
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Taiwan Rejects American-Style Health Care, Achieves 99% Coverage, Saves Money

Taiwan switched from US-style private health insurance to Canadian-style single-payer system, increased coverage from 60% to 99% and cut cost.  Back in 2009 the Anne Underwood writing for The New York Times interviewed William Hsiao, a professor of economics at the Harvard School of Public Health, who advised the Taiwan government during their 1990′s health…

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Stocks Are Up, Are You Feelin’ the Love?

May 14, 2011
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Stocks Are Up, Are You Feelin’ the Love?

Graph from The Haves and Have Nots of the Stock Market by Charles Hugh Smith. (H/T DylanRatigan.com) The stock market isn’t about building middle class wealth, and the middle class seems to have finally figured that out. The equity market is all about concentrating wealth and managing perception – if the top 10% is doing…

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Republicans Will Cave In Debt Ceiling Standoff

May 10, 2011
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Republicans Will Cave In Debt Ceiling Standoff

The debt ceiling standoff is political theater to provide cover for cutting assistance to the bottom 90%. WaPo article: Boehner demands ‘trillions’ in spending cuts in exchange for lifting debt ceiling The owners of the Republican Party would never allow their Congress to cause a US default: they have way more to lose than the…

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Why Your Health Care Costs So Much

May 9, 2011
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Why Your Health Care Costs So Much

Why is health care so expensive in America? Hint: It ain’t TORTS, it ain’t illegals, it ain’t because we’re fat. [Tip of the Hat to Barry Ritholtz of The Big Picture, who always builds or finds the coolest graphs. #nerd] Via: Me...

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The Washington Post Thinks We Have a Revenue Problem?

May 2, 2011
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The Washington Post Thinks We Have a Revenue Problem?

The Beltway Censors must have taken the day off when Lori Montgomery squeaked this off- out-of-control-spendingnarrative piece into Saturday’s WaPo (Running in the red: How the U.S., on the road to surplus, detoured to massive debt). I can only assume that the Washington spring weather was exceptional or GroupOn had a special at the K…

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Appointment of Mass Destruction: Tim Geithner

May 1, 2011
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Appointment of Mass Destruction: Tim Geithner

Tim Geithner is surely the biggest mistake of President Obama’s administration. I guess when Goldman Sachs is your biggest campaign donor, you’ve gotta throw ‘em a bone: Timothy Geithner. I think Mr. Obama took the wrong meaning when campaign manager Jim Messina said he needed to “fire up his base”: Geithner Pries Away $30 Trillion…

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Progressive Budget Plan Eliminates Deficit Long Before GOP Or Obama Plans

April 27, 2011
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Progressive Budget Plan Eliminates Deficit Long Before GOP Or Obama Plans

The Progressive Caucus budget plan begins reducing deficits immediately and achieves a budget surplus by 2021, without cutting Medicare/Medicaid, Social Security, or TRICARE (health services for military, VA, dependents). You wouldn’t know it from watching the so-called “liberal media”, but the Progressive Caucus of the Democratic Party put together a budget plan (link here) that…

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McClatchy-Marist Poll: 70% of Tea Party Oppose Medicare Cuts

April 23, 2011
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McClatchy-Marist Poll: 70% of Tea Party Oppose Medicare Cuts

The latest McClatchy-Marist poll (4-18-2011) finds that strong majorities of registered voters would raise taxes on incomes over $250,000 and not cut Medicare when addressing budget deficits. 64% of registered voters (83% of Democrats, 43% of Republicans, 63% of independents, 45% of Tea Partiers) favor raising taxes on incomes over $250,000. 80% of register voters…

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How Ayn Rand’s Elite Were Like Lenin’s Elite

April 21, 2011
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How Ayn Rand’s Elite Were Like Lenin’s Elite

Like many Americans, I read The Fountainhead and Atlas Shrugged in high school. At the time, fueled by the invincibility of youth and daddy’s money, the black and white simplicity of Rand’s message appealed to me. I imagined myself to be one of her fiercely independent supermen. Then I grew up and learned the realities…

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