Thursday, July 28, 2011

Posting on Google+ for a while

I'm experimenting with posting on Google+. That means posts here will be minimal. If you want a Google+ invitation, let me know. (You can leave a comment below.)

Sunday, July 24, 2011

Can the Democrats make use of the Republican's irresponsibility?

They don't seem to be trying. Why don't I hear Democrats talking endlessly about how irresponsible it is of the Republican's to hold the country hostage by politicizing about the debt limit? To do so would require a bit of explanation. The Republicans have apparently convinced the public that not raising the debt limit is a good idea. And the Democrats are too politically incompetent to dispute that.

People are swayed by demagoguery, but they are also at least somewhat open to intelligent views. The Democrats should at least try it. They will never out demagogue the Republicans, so why not establish themselves as the party of clear thinking adults. There must be some sort of constituency for that.

The US is a low-tax country


From the Center for Budget and Policy Priorities.

Wednesday, July 20, 2011

Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined

WASHINGTON—Members of the U.S. Congress reported Wednesday they were continuing to carefully debate the issue of whether or not they should allow the country to descend into a roiling economic meltdown of historically dire proportions. "It is a question that, I think, is worthy of serious consideration: Should we take steps to avoid a crippling, decades-long depression that would lead to disastrous consequences on a worldwide scale? Or should we not do that?" asked House Majority Leader Eric Cantor (R-VA), adding that arguments could be made for both sides, and that the debate over ensuring America’s financial solvency versus allowing the nation to default on its debt—which would torpedo stock markets, cause mortgage and interests rates to skyrocket, and decimate the value of the U.S. dollar—is “certainly a conversation worth having.” "Obviously, we don't want to rush to consensus on whether it is or isn't a good idea to save the American economy and all our respective livelihoods from certain peril until we've examined this thorny dilemma from every angle. And if we’re still discussing this matter on Aug. 2, well, then, so be it.” At press time, President Obama said he personally believed the country should not be economically ruined.
From (who else) The Onion

Government spending is for health care

The conservative American Enterprise Institute notes that
Between 1966 and 2007, the entire increase in the size of government relative to the economy resulted from growth in tax-financed health spending.

Median weekly earnings


Ouch!

According to Jared Bernstein, the median weekly earnings for full-time workers has fallen from $775+ to $755+ since 2009.