Again, the impact of removing as much as $150 billion from the already weak consumer economy seem to be lost on opponents of the extension. Or, they just want to screw the President.
SOURCE
Showing posts with label CBPP. Show all posts
Showing posts with label CBPP. Show all posts
Thursday, December 8, 2011
What Not Extending The Payroll Cut Looks Like
Dec 8th, 2011
Again, the impact of removing as much as $150 billion from the already weak consumer economy seem to be lost on opponents of the extension. Or, they just want to screw the President.
SOURCE
Again, the impact of removing as much as $150 billion from the already weak consumer economy seem to be lost on opponents of the extension. Or, they just want to screw the President.
SOURCE
Tuesday, September 20, 2011
The Growing Numbers They Would Let Die
Sept 20th, 2011
At the last Republican debate, every single hopeful candidate made the promise to end "Obamacare." There was also the issue of their base cheering the prospect of letting the uninsured die. Let's look at just how many more of us would be at their mercy compared to a decade ago.
Via CBPP
Medicaid should be expanded into a full single payer system.
Period.
There should be no substantial profit incentive in the delivery of medicine.
Period.
And politicians who stay silent while their constituents cry out in bloodlust should be disallowed all power.
Period.
At the last Republican debate, every single hopeful candidate made the promise to end "Obamacare." There was also the issue of their base cheering the prospect of letting the uninsured die. Let's look at just how many more of us would be at their mercy compared to a decade ago.
Via CBPP
Period.
There should be no substantial profit incentive in the delivery of medicine.
Period.
And politicians who stay silent while their constituents cry out in bloodlust should be disallowed all power.
Period.
Sunday, April 3, 2011
They're Just Not Hiring
April 3rd, 2011
No matter how much we give away to the corporations, they just aren't that interested in investing in America anymore. From the CBPP:
No matter how much we give away to the corporations, they just aren't that interested in investing in America anymore. From the CBPP:
Thursday, March 31, 2011
The "Primary" Budget...
March 31st, 2011
Again, the last voices of reason in economics seem to be at the the CBPP. Robert Greenstein wrote last week:
"The nation is on an unsustainable fiscal course, and policymakers need to make major changes in policy. As a number of bipartisan panels have recommended over the past year, policymakers should aim to stabilize the debt as a share of the economy (the Gross Domestic Product) so the debt does not rise relentlessly as a share of the economy. That would put the nation on what economists define as a sustainable budget path.
To achieve this goal, policymakers should aim to balance the primarybudget — the budget other than interest payments on the debt. As these panels have explained, stabilizing the debt — and avoiding the specter of a debt explosion in future decades — is the key, not balancing the totalbudget (i.e., the budget including interest payments). As a rough rule of thumb, if the budget excluding interest payments is in balance, then the debt will not grow faster than the economy. That means running total budget deficits of no more than about 3 percent of GDP. [1] In short, balancing the total budget isn't necessary to put us on a sustainable course and reassure financial markets. Stabilizing the debt is." 
Again, the last voices of reason in economics seem to be at the the CBPP. Robert Greenstein wrote last week:
"The nation is on an unsustainable fiscal course, and policymakers need to make major changes in policy. As a number of bipartisan panels have recommended over the past year, policymakers should aim to stabilize the debt as a share of the economy (the Gross Domestic Product) so the debt does not rise relentlessly as a share of the economy. That would put the nation on what economists define as a sustainable budget path.
To achieve this goal, policymakers should aim to balance the primarybudget — the budget other than interest payments on the debt. As these panels have explained, stabilizing the debt — and avoiding the specter of a debt explosion in future decades — is the key, not balancing the totalbudget (i.e., the budget including interest payments). As a rough rule of thumb, if the budget excluding interest payments is in balance, then the debt will not grow faster than the economy. That means running total budget deficits of no more than about 3 percent of GDP. [1] In short, balancing the total budget isn't necessary to put us on a sustainable course and reassure financial markets. Stabilizing the debt is."
Please read the entire piece. Our future actually does depend upon it.
Tuesday, March 1, 2011
The Long Term Tax Picture
March 1st, 2011
Chuck Marr and Brian Highsmith break down the root causes for U.S. revenue crisis over at CBPP and offer an number of common sense solutions... none of which we should expect the government in general or Republicans in particular to acknowledge. The money quote:
"Although the top statutory corporate tax rate is high, the average tax rate — that is, the share of profits that companies actually pay in taxes — is substantially lower because of the tax code’s many preferences (deductions, credits and other write-offs that corporations can take to reduce their taxes). Moreover, when measured as a share of the economy, U.S. corporate tax receipts are actually low compared to other developed countries."
Chuck Marr and Brian Highsmith break down the root causes for U.S. revenue crisis over at CBPP and offer an number of common sense solutions... none of which we should expect the government in general or Republicans in particular to acknowledge. The money quote:
"Although the top statutory corporate tax rate is high, the average tax rate — that is, the share of profits that companies actually pay in taxes — is substantially lower because of the tax code’s many preferences (deductions, credits and other write-offs that corporations can take to reduce their taxes). Moreover, when measured as a share of the economy, U.S. corporate tax receipts are actually low compared to other developed countries."
Tuesday, January 4, 2011
The Big Trend
Jan 4th, 2011
After years of slavish devotion to Reaganomic fantasy and the effects of the "W. Tax Cuts," we have a very predictable economy. True, it is an inequitable, unsustainable and shameful sort of reverse Socialism, but it is something we can really count on. Enjoy the 112th Congress. This is what they want to make "permanent."
From the CBPP:
"The average income of the bottom 90 percent of households fell 7 percent from 2007 to 2008, in inflation-adjusted dollars, the largest one-year drop for this group since 1938. The loss in 2008 more than wiped out the increase from 2002 to 2007, leaving the average income for the bottom 90 percent of households at its lowest level since 1996.”
After years of slavish devotion to Reaganomic fantasy and the effects of the "W. Tax Cuts," we have a very predictable economy. True, it is an inequitable, unsustainable and shameful sort of reverse Socialism, but it is something we can really count on. Enjoy the 112th Congress. This is what they want to make "permanent."
From the CBPP:
"The average income of the bottom 90 percent of households fell 7 percent from 2007 to 2008, in inflation-adjusted dollars, the largest one-year drop for this group since 1938. The loss in 2008 more than wiped out the increase from 2002 to 2007, leaving the average income for the bottom 90 percent of households at its lowest level since 1996.”
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