Blogs

If You Want to Decrease the Budget Deficit, Decrease Health Care Costs

With the never ending pundit pontificating on the budget deficit and how we must cut spending, it seems always the bulls-eye is on the backs of the U.S. middle class, poor and national interest. Yet, even the Wall Street Journal notes health care costs are out of control. In their number of the week, they amplify the U.S. Spends 141% More on Health Care than other nations.

 

The Crazies versus the Sleepwalkers - Big Budget Showdown

By Michael Collins

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The Republican crazies are in a celebrity death match with sleepwalking Democrats. It is a fabricated drama amounting to not much of anything in terms of the nation's well being. The stakes are supposedly the shutdown of the United States government at midnight this Friday. But the most pressing issue isn't discussed on Capitol Hill.

Why can't anyone in a position of power mention the unmentionable? There have been no net new jobs in the United States since 2000. There were 137 million employed citizens that year. There are 139 million employed citizens today. This comes into clear focus when you consider the size of the workforce for 2000 and 2010; 143 million versus 154 million respectively. There are actually fewer jobs in proportion to the workforce.

Isn't this a worthy topic? Shouldn't the story be carried nightly on a major network with a title like: Jobless America, Day 4000

Ridiculous Budget Games

The most mean spirited and absurd budget came out today while the Republicans are threatening to shut down the government. Yes, we know politicians, both parties, are all bought and paid for, corrupt as hell, but a government shut down? This affects real people and the real economy, not just federal workers but all of the Americans who rely on them. All federal workers except emergency services go unpaid, but guess who still collects their paycheck? Why the ones who caused it, our President and our lovely Congress.

Quelle Surprise! Democrats Have a Candidate for the Presidency!

Originally published on The Agonist
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Disclaimer: The Economic Populist is a politically nonpartisan blog. The author's views below are not necessarily those of the editors of EP or of other writers who contribute to this blog.

"This is a political crime of deception, an enormous bait and switch, in which liberals and quite a few independents were misled by a serial liar who purposely characterized himself as a reformer…" Numerian

Did you receive your email from Barack Obama yet? If you are a Democrat, or on his campaign mailing list, the president has promised you are going to be the first to know when he formally launches his reelection campaign. It could be any moment now; apparently the White House is waiting for a slow news day when Libya and Fukushima and Congressional budget negotiations aren’t dominating the media agenda. Once the news is out, you are expected as a loyal Obama supporter to start sending in campaign donations and begin attending campaign organization meetings.

The Top 10 Worst Tax Avoidance Corporations

Everybody knows multinational corporations are not paying U.S. taxes. Yet instead of making corporations cough up, our government is busy planning more screw jobs on the U.S. middle class and labor force, all under the guise of reducing spending.

Senator Bernie Sanders is trying to draw attention to the insanity with a top ten list of the worst corporate tax avoiders.

 

A Little Extortion Never Hurts the Bottom Line

Original published on The Agonist

It used to be if a corporation wanted to practice the dark art of extortion, it would do so well outside of the public eye. Not these days; company CEOs are out in the open and proud of it when they want to extract yet more money out of the taxpayers.

Take the case of Caterpillar CEO Douglas Oberhelman. He wrote a letter to Illinois state governor Pat Quinn, complaining about the state’s recent increase in the corporate tax rate from 4.8% to 7.0%. He said at least four other states have approached the company offering generous allowances if Caterpillar would move its headquarters out of Peoria, Illinois. Neighboring states of Indiana and Iowa have admitted to lobbying Caterpillar, as has the far-away state of Texas. The company said it wasn’t threatening Gov. Quinn over the tax increase, but it had “to do what’s right for Caterpillar.” That’s corporate-speak for “we’re threatening to leave the state if you don’t rescind this tax increase.”

Hidden Truths About Nuclear Power

Michael Collins
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A poster at The Agonist, Joaquin, published an elegant and important analysis this weekend. His tightly packed, brief post made three key points. We're headed for an ugly future with nuclear power based on shortages and future fuel cycles more volatile than those imploding and exploding in Japan. Governments, the nuclear industry, and the media are avoiding this issue entirely. As a result, the rulers and technocrats who got us to the latest meltdown cannot be trusted to make any more decisions about energy needs. (Image)

"The truth is, there is a big fat lie that the nuclear power industry and the media are foisting on the public and that has not changed." Joaquin

"What is it", the big fat lie, Joaquin asks.

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