Tag Archives: politics

Dan here…I noticed further writing on the macro side of labor and asked Peter’s opinion, and he reminded me of this post. by Peter Dorman  (originally published at Econospeak) Why You Should Never Use a Supply and Demand Diagram for Labor Markets You would know this if you read your Cahuc, Carcillo and Zylberberg, but you probably won’t, so read this instead. A standard S&D diagram for the labor market might look like this: It’s common to use W (wage) on...

Robert Samuelson At The Washington Post Is Bashing Social Security Yet Again Yet again. I grant that he did not do  it at length or present a lot of clearly incorrect nonsense.  But bash Social Security he did, using an old ruse to do so, combining it with Medicare to invoke a long term deficit danger due to the two of them together, when in fact it is well known that it is the Medicare part of that projection of future spending that leads to all the scary...

A year ago, I attempted to look beyond the shock of the Brexit vote and its associated economic disruption, and see into the distant future. I saw a completely different political paradigm, though I could not discern its shape. And I saw a possibility that, like Hong Kong in 1997, the fears of economic disaster would prove baseless, and Britain would have a bright future, though one which I could not imagine. I called on everyone to try to make Brexit work: Not for a long time has the...

Reader EM put this comment up in the AB open thread. I thought it was interesting enough to place on AB as I also wonder about the question being asked and the answer; “can a state divert Medicare funds to support a state single payer system?” The simple answer is “no,” Medicare funds can not be allocated to states and the same holds true for VA funding for healthcare and the tax credit to companies for healthcare insurance. Congress would have to approve it...

By James Kwak A couple of weeks ago I posted a 6,000-word essay laying out a new economic vision for the Democratic Party. It kind of vanished into the ether, although Stephen Metcalf was kind enough to say this: Reupping. I really think this is a critical, possibly foundational, document, and I seriously urge anyone following my account to read it. https://t.co/CXRxe4OfhU — Stephen Metcalf (@Metlandia) June 16, 2017 So here it is, in 27 words: All people need a few basic things: An...

By James Kwak A couple of weeks ago I posted a 6,000-word essay laying out a new economic vision for the Democratic Party. It kind of vanished into the ether, although Stephen Metcalf was kind enough to say this: Reupping. I really think this is a critical, possibly foundational, document, and I seriously urge anyone following my account to read it. https://t.co/CXRxe4OfhU — Stephen Metcalf (@Metlandia) June 16, 2017 So here it is, in 27 words: All people need a few basic things: An...

CBPP has this pictorial analysis of the increased premiums resulting from the Senate version of the AHCA for a 60 year old at 350% FPL with an ACA Silver plan. “For a 60-year-old with income of 350 percent of the poverty level (about $42 ,000 today) facing the average premium on HealthCare.gov, out-of-pocket premiums would jump by an estimated $4,994. Premiums would rise by $ 2,022 for a 45-year-old at this income level, and fall by $75 for a 30-year-old....

I have not had a chance to read through this; but, I thought I would put this out here for all of us to read, Senate Version AHCA McConnell Updated this post with the changes proposed in the McConnell Senate Bill as taken from today’s Washington Post. Washington Post Version How Senate Republicans Plan to Dismantle Obamacare; Washington Post; Haeyoun Park and Margot Sanger – Katz; June 22, 2017

Diane Ravitch offers more on schools in America: Here is Andrew Coulson Series on Virtues of Privatization by dianeravitch Watch libertarian Andrew Coulson’s film, now showing on some, not all, PBS stations around the nation. It was paid for by libertarian foundations that support privatization. The lead funder–the Rose-Mary and Jack Anderson Foundation– is a conduit for the Koch brothers and DeVos family foundations. http://www.pbs.org/show/school-inc/...

I am always curious about why certain people make it a mission to get rid of things. I think it truly is about Addison Mitchell McConnell trying to erase the accomplishments of what the first black President Barack Obama did as the president. I did some rather easy digging and pulled up Wikipedia. here is what they said about Mitch. As a youth, Addison (Mitch) McConnell overcame polio. He received “government-provided healthcare” in Warm Springs saving him...