In a recent article in the Los Angeles Time, economist James Galbraith argues that “Stimulus Alone was Never going to bring Recovery.†See http://www.latimes.com/news/opinion/commentary/la-oe-galbraith-economics-20110815,0,843976.story I agree in part with his solution: “Let’s build a new financial system to serve public purpose and private business. And let’s start to act on our actual needs and problems:…
Months ago, I stated that, because our State Budget is based on an assumption that State revenue would grow by 14% during the next two years, our State Budget is a House of Cards. I noted that because our economy is not growing, State revenue is not likely to grow at all. See realwashingtonstatebudget.info. Â …
As the odds of a first-time-in-history federal default grow larger, it is worth considering the economic consequences of a default. A default would place at risk up to $160 billion in federal payments just for the month of August. As each billion dollars lost per month translates into jobs for up to 20,000 people, a…
I  think all this talk about allowing Republicans in Ohio to gerrymander Dennis Kucinich out of Congress fails to consider the bigger picture. If we in the Peace Movement lose Dennis’s voice in Congress, who will lead the cause of peace in what has become a war-mongering nation? No one in Congress has been more…
Friends and fellow Democrats, Our house is on fire. The fate of one million children is in that burning house. Our public schools are on in danger of collapse. Â In 2008, we were 47th in the nation in school funding. Since then, billions more have been cut. The fire is growing worse every day and…