Tag Archives: taxes

Got a Buck in Your Wallet?

You can pay the entire federal tax burden of General Electric, ExxonMobil, Citibank, and the Bank of America. They are not alone: Please, help these starving corporations. Vote Republican. The GOP will help you part with that last dollar. Hat … Continue reading

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From Those That Have Not, It Shall be Taken Away

Mother Jones has eight charts that illustrate the extreme and growing inequality the distribution of wealth in the United States. Here’s one:       More here: I’s the Inequality, Stupid | Mother Jones Having cornered the wealth of America, the … Continue reading

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Taxes Draining the Lifeblood from Our Economy?

Uh, no. as a share of the nation’s economy, Uncle Sam’s take this year will be the lowest since 1950, when the Korean War was just getting under way. And for the third straight year, American families and businesses will … Continue reading

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“War on Logic”

Paul Krugman: We are, I believe, witnessing something new in American politics. Last year, looking at claims that we can cut taxes, avoid cuts to any popular program and still balance the budget, I observed that Republicans seemed to have … Continue reading

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Obama’s Not-So-Very-Bad Year

No modern president has seen his party lose as many seats in a midterm election as Obama did this year. And yet, no modern president enjoyed as productive a post-election congressional session as Obama just did. There are plenty of … Continue reading

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“Banana Republic, Here We Come”

Paul Krugman: How did Republican leaders reconcile their purported deep concern about budget deficits with their advocacy of large tax cuts? Was it that old voodoo economics — the belief, refuted by study after study, that tax cuts pay for … Continue reading

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Humbug: It’s Manufacture and Dissemination

Paul Krugman: instead of praising Scrooge for his principled stand against the welfare state, Charles Dickens makes him out to be some kind of bad guy. How leftist is that? As you can see, the fundamental issues of public policy … Continue reading

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Cassandrazombienomics

Friedrich von Schiller: “Against stupidity, the gods themselves contend in vain.” Paul Krugman, bless his heart, keeps on contending: When historians look back at 2008-10, what will puzzle them most, I believe, is the strange triumph of failed ideas. Free-market … Continue reading

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Cassandranomics: 2012 is Gonna Be Ugly

Krugman advises: Forget the stimulus-as-jump-start metaphor, ok? In fact, forget any metaphor and look straight at the money. 1) The economy is depressed because American households are paying down the excess debt they ran up in the bubble years. 2) … Continue reading

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Michelle Bachmann’s War on Negative Numbers

Pop Quiz! Which of these did Michelle Bachmann actually say? a)  “I don’t think letting people keep their own money should be considered a deficit.” b) “When people keep their own money, that’s considered a deficit to government, but it’s … Continue reading

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