An odd couple made an appearance on the University of Wisconsin-Madison campus recently: Tea Party Senator Ron Johnson and Madison's progressive Congressman Mark Pocan.
State Senator Glenn Grothman, Assistant Majority Leader of the Republican Caucus, is leading the charge to protect consumers from Wisconsin's rapacious rent-to-own industry. Governor Scott Walker's $68.2 billion budget bill contains provisions that would rollback common sense regulation of the industry, which has been in place since 1985.
An array of right-wing organizations in North Carolina are arguing loudly for Governor Pat McCrory to radically alter how corporations and people pay taxes in the state -- and the not-so-hidden hand behind the effort is North Carolina millionaire Art Pope, a close ally of the Koch brothers, who funds the groups and has been appointed as North Carolina's Budget Director.
A team of economists at the Political Economy Research Institute (PERI) at UMass Amherst broke a huge story this week that was promptly picked up by the New York Times, the Washington Post, the Financial Times, and newspapers around the globe. The economists proved that the essential underpinning "of the intellectual edifice of austerity economics," as Paul Krugman put it, is based on sloppy methodology and spreadsheet coding errors.
In 2010, Governor Scott Walker ran for office on a simple message, that he would turn Wisconsin's economy around and create 250,000 jobs. There was good news for Walker in the Bureau of Labor Statistics jobs numbers released April 2013. Although Wisconsin still ranked 44th in the country in terms of job creation, the staggering economy had created 64,500 more jobs since Walker took office than previously known. There was a large upward correction in the BLS jobs data stretching back more than a year that not only impacted Wisconsin, but many states.
Journal Communication's right-wing talker Charlie Sykes (WTMJ Radio 620), delights in stirring controversy. But last week he went too far. In a segment discussing whether food stamp recipients should be allowed to buy unhealthy food, Sykes played a clip of an incredibly offensive video that is a favorite of neo-Nazi websites.
-- Dean Baker, Center for Economic and Policy Research
The effort to blame the awful plight of the young on Social Security and Medicare is picking up steam.
As of today, Detroit is under the control of a governor-appointed Emergency Financial Manager (EFM). The Motor City is the largest district in the nation to have its voters and elected officials sidelined by this new experiment in "crisis management."
As sequester cuts start to bite a little harder, the Fix the Debt gang is pushing for a "grand bargain," deep cuts to earned benefit programs like Social Security and Medicare in exchange for some vague promises about "tax reform."
In our new report on Fix the Debt, CMD reveals that part of the Fix the Debt's hidden corporate agenda is to push for new tax loopholes that would actually add to the deficit. Specifically, many Fix the Debt firms want to exempt money made offshore from taxation in the United States. Opening this new loophole would cost the Treasury some $1 trillion over 10 years according to Citizens for Tax Justice.