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Showing posts from December, 2012

Mr. Merkley Goes to Washington

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Unemployment and the Deficit — Why Job Creation Is the Best Policy

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Updated - with a Business Insider post from Dec. 28This is reproduced from an email from the National Jobs For All CoalitionUnemployment creates a significant addition to the deficit because jobless taxpayers and businesses short of customers are poor sources of federal tax revenues. At the same time, government spends more on indispensable unemployment compensation, food stamps and other social programs. Further, in a high unemployment economy, real wages of employed workers stagnate or even fall, so their taxes also stagnate. Unemployment, moreover, afflicts state and local governments with declining tax revenues and rising costs. These state and local governments can't create credit or borrow as easily as the federal government. As a result public services are slashed and public sector workers are laid off. Attempts to cut our way back to prosperity won't work; it will harm our future and create even more suffering in the present. As Nobel laureate Joseph Stiglitz obs…

Cliff-tossing, coast to coast

From the New York State Department of Labor:Unless the U.S. Congress extends Unemployment Insurance Benefits, all Extended Benefits (EB) and Emergency Unemployment Compensation (EUC) will end on December 30, 2012.From the State of California's Employment Development Department:Regardless of when your regular claim or extension benefits start, December 29, 2012, will be the last week ending date that EDD can pay federal extension (Tiers 1 – 4) benefits to eligible unemployed workers, even if someone is currently unemployed or has a remaining balance on their federal extension.As of December 26, the number of Californians who have run out of benefits is over 928,600.That's in addition to the people in the states mentioned in the Ezra Klein video below:
Tennessee - 30,000
Nevada - 25,000
Michigan - 85,000
Florida - 119,000
Connecticut - 43,000
Oregon - 30,000

Let Them Eat Nothing

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The Ed Show: The Unemployment Cliff

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Christmas Eve

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A thought experiment...

A thought experiment: if every school in America displays an "armed security on patrol" sign, will that solve the problem? #p2#tcot— A 99er (@HelpThe99ers) December 21, 2012

Merry Christmas

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Today's #NowIsTheTime Must-sees

"gassy clouds of fear" - read the full article about the NRA. The comments, especially from gun owners, are important additions to the conversation.

A Question

What part of the right to keep and bear arms includes the freedom to massacre kids? The Second Amendment is not a hunting license. #p2#tcot— A 99er (@HelpThe99ers) December 15, 2012

#NowIsTheTime

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Reposting this question originally asked in July:"Can we all, as Americans, agree on a comon goal? No more innocent gun victims."

$5,959,500,000

Do I have your attention?Five billion, nine hundred fifty-nine million, five hundred thousand dollars.Per year.That's what you get when you multiply the number of people currently employed in Michigan (3,973,000), by the amount of money lost in reduced wages ($1,500) per person, in one year, on average, after a state adopts "right to work" laws.Six billion dollars, transferred out of middle- and lower-class paychecks, and transferred into profits.Michigan, that's no way to build and sustain a middle class.It's plutocracy.Worse - it's kleptocracy - government by those who seek chiefly status and personal gain at the expense of the governed.

A moment of objectivity

"Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence."- President John Adams"Everyone is entitled to his own opinion, but not his own facts."- Senator Daniel Patrick Moynihan"Nate Silver was right, and I was wrong."- Dean Chambers, "Unskewed Polls"

(More) unemployed in danger of being pushed over fiscal cliff

From today's Melissa Harris-Perry show:Visit NBCNews.com for breaking news, world news, and news about the economy

True in 1961. Still true today. "Right to work" is a right to work for less.

Martin Luther King, speaking about right-to-work laws in 1961:"In our glorious fight for civil rights, we must guard against being fooled by false slogans, such as 'right to work.' It is a law to rob us of our civil rights and job rights. Its purpose is to destroy labor unions and the freedom of collective bargaining by which unions have improved wages and working conditions of everyone… Wherever these laws have been passed, wages are lower, job opportunities are fewer and there are no civil rights. We do not intend to let them do this to us. We demand this fraud be stopped. Our weapon is our vote."Economists, discussing right to work laws today:When right-to-work laws were first implemented decades ago, those first states benefited with increased employment because companies and jobs migrated there in search of the lower wages, Belman said. But that impact has faded over time, as more states have joined those ranks and as unions have agreed to concessionary demands …

Dear Democrats, Please Stick To These 8 Principles From Robert Reich

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Chart of the Day: Overboard

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As seen on Daily Kos: Daily Kos writer Meteor Blades published this chart, showing how many people will be affected if Federal unemployment benefits are terminated at the end of this month.Nine million Americans (not counting their dependents) will be left without a lifeline.Corporations are making record levels of after-tax profits, while doing everything they can to cut salaries and full-time positions.We have to fix this problem.