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December 18, 2014
Truthdig: Drilling Beneath the Headlines
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Peace Be Upon You

By Zachary Karabell
17.79

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Tag: Federal Budget


President Obama and Congress Just Gave Your Savings Account to JPMorgan

With the passage of the 2015 federal budget bill, JPMorgan CEO Jamie Dimon got lawmakers to repeal a key part of the 2010 Dodd-Frank financial reform law and allow banks to use the savings accounts of ordinary Americans to gamble in the stock market on behalf of hedge funds, corporations and the rich.

Posted on Dec 14, 2014 READ MORE



LoopZilla (CC BY-SA 2.0)

Beating Swords Into Solar Panels

War, the military-industrial complex, and the national security state that go with it cost in every sense an arm and a leg. And that, in the twenty-first century, is where so many American tax dollars have gone.

Posted on Sep 20, 2013 READ MORE



Flickr/401(K) 2013

Why We Need an Investment Budget

Part of the president’s State of the Union message and a portion of his second term agenda apparently will focus on public investments in education, infrastructure and basic R&D. That’s good news. But how do we fund these investments when discretionary spending is being cut to the bone in order to reduce the budget deficit?

Posted on Feb 12, 2013 READ MORE



Flickr/401(K) 2013

The Hoax of Entitlement Reform

It has become accepted economic wisdom, uttered with deadpan certainty by policy pundits and budget scolds on both sides of the aisle, that the only way to get control over America’s looming deficits is to “reform entitlements.”

Posted on Jan 7, 2013 READ MORE


Bush on TV

Um ... No Deal?

Here’s a scenario George W. Bush surely didn’t foresee as he assumed the country’s highest office years ago: One day he’d be sharing prime-time screen time with Howie Mandel’s soul patch, a phalanx of prancy models and a decorated war veteran, joking about hosting “a $3 trillion ‘Deal or No Deal.’ ”

Posted on Apr 21, 2008 READ MORE


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