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Jobs numbers – positives outweigh negatives
Overall, a relatively good jobs report despite the drag on the economy that Sandy provided. The improving trend continues giving the President additional leverage in the fiscal slope discussion…...
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A Primer on Boehner’s “Plan B” and GOP spending cuts
John Boehner’s desperate attempt to hold onto his House Speaker position by pandering to his Tea Party and Grover Norquist-loving members of the GOP House caucus, has led him to terminate discussions...
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December job numbers and thoughts on a progressive payroll tax system
A few interesting things I want to highlight (including a social security observation): 155k new jobs vs. 150k consensus November’s unemployment rate was revised up to 7.8%, which is the same as...
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A Response to Debt Ceiling Nonsense… #mintthecoin or IOU?
Here is a good piece by Jonathan Chait from New York Magazine on how to combat the hostage taking the Republicans in Congress seek over the debt ceiling silliness. Raising the debt ceiling should be a...
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The Reagan Myth
When your idol is exposed as less than perfect… what do you do? Well, instead of doing some self-reflection, the right has taken to vehemently attacking Rick Perlstein, an historian and author of “The...
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Widening Inequality
Income and wealth inequality have been major topics debated recently, and I wanted to provide a cursory look at how the inequality has widened over the past four decades. From WWII until the mid-late...
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Brownbackistan… The Failed Kansas Experiment
A budget deficit, estimated at $400 million to $800 million, thanks to tax cuts for the wealthy… Eight school districts have closed up to 12 days early… A reduction in credit ratings. The Kansas...
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Deficit Hawks’ Bipolarism
Paul Krugman and Mark Thoma have succinct analyses of the deficit hawks’ conflicting feelings regarding what would result from going over the fiscal cliff. Good reads! Tagged: austerity, Deficit...
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Being born rounding third base is bad for society’s future
Paul Krugman has a great post today about the effect wealth has and will have on the manufacturing sector, and more broadly, society. This article raises some fascinating questions about the...
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Krugman on Error-Loving “Economists”
March 19, 2013, 8:07 am Comment The Dunning-Kruger-Madoff Effect Via Mark Thoma, Hale Stewart is bemused by John Hinderaker of PowerLine. As Stewart notes, Hinderaker begins by asserting that everyone...
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