Guest Post: Take This Job And Shove It | zero hedge - 0 views
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The true picture of the American economy is that in 2007 there were 146 million Americans employed, or 63% of the working age population. Today, there are 139.9 million Americans employed, or 58.5% of the working age population. Over this time frame, an additional 7.1 million Americans entered the working age population. In 2007 there were 26.3 million Americans on food stamps, or 8.6% of the US population. Today there are 44.2 million Americans on food stamps, or 14.3% of the US population. To call the current economic disaster a recovery is to practice the art of the Big Lie.
Payroll Tax Holiday Could Help Create Jobs - Economic View - NYTimes.com - 0 views
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It's important, yes, and must be addressed. But by a wide margin, it's not the nation's most pressing economic problem. That would be the widespread and persistent joblessness that has plagued the labor market since the Great Recession began in 2008. Almost 14 million people - 9.1 percent of the labor force - were officially counted as unemployed last month. But that's just the tip of the iceberg. There were almost 9 million part-time workers who wanted, but couldn't find, full-time jobs; 28 million in jobs they would have quit under normal conditions; and an additional 2.2 million who wanted work but couldn't find any and dropped out of the labor force. If the economy could generate jobs at the median wage for even half of these people, national income would grow by more than 10 times the total interest cost of the 2011 deficit (which was less than $40 billion). So anyone who says that reducing the deficit is more urgent than reducing unemployment is saying, in effect, that we should burn hundreds of billions of dollars worth of goods and services in a national bonfire. We ought to be tackling both problems at once. But in today's fractious political climate, many promising dual-purpose remedies - like infrastructure investments that would generate large and rapid returns - are called unthinkable, in the false belief that they would impoverish our grandchildren. Yet there are other ways to attack unemployment that could garner bipartisan support. Perhaps the most promising is a payroll tax holiday.
Five myths about the debt ceiling - The Washington Post - 0 views
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In recent months, the federal debt ceiling - last increased in February 2010 and now standing at $14.3 trillion - has become a matter of national debate and political hysteria. The ceiling must be raised by Aug. 2, Treasury says, or the government will run out of cash. Congressional Republicans counter that they won't raise the debt limit unless Democrats agree to large budget cuts with no tax increases. President Obama insists that closing tax loopholes must be part of the package. Whom and what to believe in the great debt-limit debate? Here are some misconceptions that get to the heart of the battle.
Gallup poll: Record number of Americans favor marijuana legalization | The Raw Story - 0 views
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Gallup has found that Americans favor marijuana legalization now more than ever. A record-high 50 percent of Americans say the use of marijuana should be made legal, up 4 percent from last year and 14 percent from 2006. Now only 46 percent say marijuana use should remain illegal, according to a poll released Monday. "If this current trend on legalizing marijuana continues, pressure may build to bring the nation's laws into compliance with the people's wishes," Gallup noted.
Olbermann on Obama's assassination program - 0 views
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Anyone who pledges unconditional, absolute fealty to a politician -- especially 18 months before an election -- is guaranteeing their own irrelevance.
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Indeed, as I've documented before -- virtually every country that suffers horrible Terrorist attacks -- Britain, Spain, India, Indonesia -- tries the accused perpetrators in its regular court system, on their own soil, usually in the city that was attacked. The U.S. -- Land of the Free and Home of the Brave -- stands alone in being too afraid to do so.
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