It's that time of year to ring in the joy and revel in festivities. Yet another year has passed and economic injustice, inequality and the great financial crisis taxpayer ripoff is further in the historical dust heap and buried under the corporate propaganda political rug. It's also time to view funny economic cartoons.
No matter what party controls Congress, or who is President, corporate taxes will never increase as a share of GDP or as a share of corporate profits. If anything, the rate will only go lower, more deductions will be added, and the same tax breaks they already have will be extended (making some permanent) — just like they did in the last spending bill.
The Federal Reserve raised the interbank borrowing rate today by one quarter of one percent or 25 basis points. Readers are asking, “what does that mean?”
The re-enserfment of Western peoples is taking place on several levels. One about which I have been writing for more than a decade comes from the offshoring of jobs. Americans, for example, have a shrinking participation in the production of the goods and services that are marketed to them.
Well actually, twice, if you count the moderator. With all the griping that the Republicans and their thinks tanks have been doing about Social Security, one would have expected to hear someone say something on the subject ... anything at all. Maybe it is better to remain silent and be thought a fool, rather than to speak and remove all doubt.
MSNBC, CNN, HLN and Fox News have all been reporting non-stop about the Spring Valley school officer caught on video slamming a South Carolina student to the ground during an arrest — but very few details are being reported by the media about the new budget deal, which will soon go to a vote. (BTW, the student wasn't even hurt, but that has been "breaking news" for hours now.)
Is it America's moral duty and global responsibly to make sacrifices in our own lives to help other people in other countries to raise their standard-of-living?
Some people will use that argument to defend their practices of offshoring jobs overseas to low-wage countries, making it appear that somehow our "job creators" are doing something noble for humanity.
Health care costs and prescription drug prices almost always go up. Rents have gone up. Food prices have also gone up, even though the price of oil has gone down. But the federal government is saying those on Social Security do not need a cost-of-living increase in 2016.
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