July 9, 2012
Republicans Are Fiscally Reckless
I know Republicans like to say Democrats are reckless when it comes to the federal budget, but it is in fact Republicans who are reckless.
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July 4, 2012
Mitt Romney “Now” Says Individual Mandate Is A Tax. That Didn’t Take Long.
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June 28, 2012
Health Care Individual Mandate Upheld, Confidence In The Supreme Court Restored
Well, today at least.
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May 26, 2012
Video: ‘Death Spiral Of Falling Demand’ – Venture Capitalist Nick Hanauer On Viewpoint with Eliot Spitzer
Venture capitalist Nick Hanauer explains why people create the demand which then creates the jobs. He says he makes 1000 times more than the average worker but that doesn’t translate to 1000 times the consumerism of the average worker. He can’t makeup the difference. So with more wealth accumulating within a small pool of wealthy people, that means less wealth spread across the rest of the country. It means less purchasing power and less demand for products and services from tens and hundreds of millions of Americans. This is why supply side (trickle down) economics doesn’t work. We’ve tried it for 30 years. How many more years do we need to continue failed economic policy before we wake up and realize it will never work?
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May 25, 2012
Supply Side (Trickle Down) Economics Doesn’t Work. Can We Move On Now?
This topic will never die on The Left Call, at least not until people stop believing the lie that is trickle down economics. This idea that we need to give rich people more money in the form of tax cuts before they will create more jobs would make for a nice laugh if it wasn’t so damaging to the country and to the prospects of income and wealth equality. And when I say equality, I don’t mean totally equal, I’m talking about getting back to something more reasonable, a time when CEOs only made 30 times the average worker instead of 300 times.
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May 8, 2012
Federal Government Posts First Monthly Budget Surplus In Three Years
It’s a bit misleading, but the federal government had a $58 billion surplus in April according to the Congressional Budget Office (CBO). The surplus is due to tax season, which results in an April surplus most years even if the yearly numbers are still deep in the red. It’s notable because there hasn’t been a surplus month in three years and it could be a sign of an improving economy.
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April 16, 2012
Video: Sen. Bernie Sanders Says U.S. Moving To Oligarchic Government
Speaking on the Senate floor on Monday, Senator Bernie Sanders (I-VT) said that the United States is moving away from democracy and toward an oligarchy. Sanders said, “the United States is departing from its democratic tradition, which has always included a strong and growing middle class, and is moving rapidly into an oligarchic form of government in which almost all wealth and power reside in the hands of the very richest people in our society, the top one percent.”
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