Peterson’s Deficit “Budgetball”: The Fountainhead Meets Death Race 2000

“Budgetball is an innovative sport that combines fiscal strategy and physical play.” – Budgetball Rulebook, “Pass the Ball – Not The Buck” Billionaire Pete Peterson is funding an elaborate campaign to convince a nation with more than 15 million unemployed citizens that the most urgent crisis we face today is not unemployment … or poverty, […]

Tax Cuts For Rich Getting Back To Economy-Destroying “Normal”

You and I pay income tax on our income. But if your income comes from having really, really wealthy parents you are entitled to really, really special treatment because that is how democracy plutocracy works. In the news: Kyl: Deal on the estate tax in the offing, Sources close to the matter told The Hill […]

Trade Deficit Getting Back To Economy-Destroying “Normal”

What’s the old saying about hose who cannot learn from history? Well, here we go again. In the news: Oil, Chinese imports boost U.S. trade deficit, Growing imports of oil and Chinese goods pushed the U.S. trade deficit to its highest level in 15 months in March. The Commerce Department said U.S. exports totaled $147.9 […]

Cornyn Cribs Talking Points From Disgraced JPMorgan Economist

The top Republican fundraiser in the Senate, John Cornyn of Texas, just gave a preposterous speech on Wall Street reform in which he pushed the plan recently promoted recently by disgraced J.P. Morgan Economist James Glassman. Cornyn is opposing the use of a “resolution mechanism,” which he and other Republicans like Sen. John Ensign are […]

Hey, Union-Busters: We’ll Give You Supermajority

Corporate CEOs, union-busting lawyers, and conservative politicians who pander to the rich condemned a National Mediation Board (NMB) Ruling this week. They complained that the NMB gave railway and airline workers the ability to obtain collective bargaining rights through majority-rule elections. That’s the type of balloting that occurs under universal democratic rules. Everyone qualified to […]