Tag Archives: federal budget

Our Neoliberal President

Our Neoliberal President
President Obama’s 2015 budget request last month revived his abortive 2014 budget proposal to privatize the Tennessee Valley Authority (TVA). What are we to make of a Democratic president repeatedly proposing to sell off the publicly financed and administered redevelopment program, widely seen as one of the great successes of the New Deal? This move tells us much about Obama. Read more

Fortune 500 companies receive $63 billion in subsidies

Fortune 500 companies receive $63 billion in subsidies
Remember when President Obama was lambasted for saying “you didn’t build that”? Turns out he was right, at least when it comes to lots of stuff built by world’s wealthiest corporate behemoths. That’s the takeaway from a new study of 25,000 major taxpayer subsidy deals over the last two decades. Entitled “Subsidizing the Corporate One Percent,” the report from the taxpayer watchdog group Good Jobs First shows that the largest corporations in ... Read more

Stamp of Disapproval

Stamp of Disapproval
The ideological purpose of the claim that private institutions are more efficient, profitable, and beneficial to the national economy serves two purposes. One is to cloak a debatable claim (that doesn't hold up to empirical analysis) with a veneer of scientific truth. The other is to serve some political end. A private sale of a building and the shifting of labor between sectors may seem non-political to many but that is how ideology works: ... Read more

Interest Payments Are At Historic Lows, Paying Debt is Not the Problem

In this interview on Real News, Robert Pollin makes the point that interest payments on U.S. debt well below average because the cost of money is so inexpensive.  As a result there is no immediate debt crisis, there is time to deal with long-term debt. <iframe width=”640″ height=”390″ src=”http://www.youtube.com/embed/SIK9HilJa7s” frameborder=”0″ allowfullscreen></iframe>   Read more