Obama Wants Cuts To Social Security

By: Friday April 5, 2013 5:54 am

President Barack Obama has once again started his negotiations by scoring into his own net. In what may be the dumbest plan yet proposed, Obama has offered cuts to Social Security hoping for a change in the Republican’s position on tax loopholes for the wealthy. President Barack Obama’s proposed budget will call for reductions in [...]

Plutocrats Misdirecting Social Security And Medicare Debate With Ageism

By: Wednesday March 6, 2013 7:13 am

You may have noticed an interesting frame the plutocrats and their spokespeople are using in the debate over reducing social security and medicare benefits – pitting the young against the old.  The campaign is relentless, smearing the elderly as parasitic and stealing from the young. For example take National Review Editor Jonah Goldberg’s recent USA [...]

Reminder: Executive Branch Can Delay Impact of Most Fiscal Slope Items

By: Wednesday November 14, 2012 7:45 am

I just want to add on to what Dean Baker says here. It’s not just that the people trying to hype the fiscal cliffas a scary, terrifying prospect shouldn’t be trusted given their track record. It’s that the short-term impact, say one month, of expiring measures really does approach zero. Here’s Dean’s base case as [...]

Looking at Responses to the Failure of Administration Housing Policy

By: Tuesday August 21, 2012 8:15 am

The response to Binyamin Applebaum’s front-pager on Administration housing policy, which left out the part where the Obama Administration purposefully did as little as possible out of an oversized concern for bank balance sheets, elicited several notable responses. Ezra Klein basically bought the argument that this was a policy failing on the part of the [...]

Bank of America Rolls Out Pilot “Right to Rent” Program

By: Friday March 23, 2012 6:20 am

Dean Baker has been talking for years about right to rent, and it’s about time somebody listened to him. I just didn’t think it would be Bank of America: Bank of America Corp. is launching a pilot program that will allow homeowners at risk of foreclosure to hand over deeds to their houses and sign [...]

WaPo Front-Page Journalistic Malpractice on Social Security Draws Backlash

By: Monday October 31, 2011 6:55 am

On Sunday, the Washington Post ran as a front-page item a story about Social Security that intimated the Trust Fund was a fiction and generally put a right-wing slant on the matter, in favor of the idea that the social insurance program was in crisis. Dean Baker pounced immediately, setting off a chain reaction that [...]

Obama Administration Comes Back to Liberal Wonks for Job Creation Ideas

By: Friday September 9, 2011 11:41 am

The White House wants you to believe that the American Jobs Act is loaded up with bipartisan solutions once preferred by Republicans. And to some extent, that’s true. But there are a number of Easter eggs in here, policy ideas that originated with liberal policy groups. The White House may be touting the bipartisan bona [...]

The Antidote to Deficit Hysteria – the Financial Transactions Tax

By: Monday January 24, 2011 2:12 pm

We’re headed into the deficit debate, and one attractive idea has been left on the sidelines – the notion of a financial transactions tax. Most of our stock transactions these days come out of a computer. They offer nothing of value to the public, enhance risk and feed a desire for more dangerous bets that [...]

Herb Allison Tries the “TARP Succeeded!” Line

By: Monday October 4, 2010 10:05 am

Herb Allison, the Treasury Department official who administered TARP for the Obama Administration and who is now leaving as TARP winds down, advances the ball on the elite insistence that the program succeded. TARP has become a dirty word in our nation’s political discourse. Few terms elicit such anger from voters and politicians. In many [...]

IMF Serves Deficit Cutters With Non-Existent Threat of US Default

By: Thursday September 2, 2010 11:00 am

I’m going to go ahead and assume the IMF isn’t speaking in a language I understand. But the economists at the International Monetary Fund are paid to ponder the improbable, and in papers published on Wednesday fund staff examined where the U.S. and other developed countries fit on a continuum between easy living and disaster. [...]

Simpson Ducks Comment as More Letters Emerge

By: Wednesday August 25, 2010 7:44 am

Jane covered cat food commission co-chair Alan Simpson’s “milk cow with 310 million tits” comment directed at the head of OWL, and their subsequent petition to remove him from the co-chairmanship. That petition has nearly 1,000 signatures so far. Simpson has refused to comment on the matter. It’s unclear from Simpson’s email if he means [...]

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