From an 11-chart overview of inequality in America at Mother Jones.
From this morning’s Wall Street Journal: President Barack Obama’s 2012 budget proposal projects this year’s deficit will reach $1.6 trillion, the largest on record, as December’s tax-cut deal begins to reduce federal revenues, a senior Democrat said Sunday. The new forecast is larger than the $1.48 trillion deficit projected last month by the Congressional Budget [...]
The following, minus some light editing to protect premium content, was sent to Kelly Letter subscribers last Sunday, October 24. In Note 40 sent August 29, I wrote that enthusiasm around a sweeping Republican victory in the midterm election would make people optimistic about the economy, and that such optimism warranted our remaining in the [...]
America is not well. What’s worse, the problems facing the nation appear to come more from within than without, and the minority of citizens paying attention find it frustrating that the political system appears incapable of change. I recently read The Trillion-Dollar Conspiracy by Jim Marrs, and found it in agreement with many of the [...]
To me it’s a truism, but one that few people grasp: Both major US political parties are the same. To watch excitement over the midterm elections as a chance to “throw the bums out” in favor of the other party, when the bums are Democrats and the saviors are Republicans, is to watch irrationality in [...]
