Truth is the enemy of the state, and always has been. But today the Western populations live in a world of total lies. Try to think of anything that the government has told you the truth about. “Saddam Hussein’s weapons of mass destruction,” “Assad’s use of chemical weapons,” “Russian invasion of Ukraine” are not the only lies. Everything the government says is a lie. The unemployment rate. The GDP growth rate. The inflation rate. Payroll jobs. 9/11. Tonkin Gulf. Boston Marathon Bombing. Paris attacks.
Consider the taxation of Social Security benefits. Social Security existed for 49 years, from 1935 to 1984 without the benefits being taxed. Wall Street, David Stockman, Alan Greenspan, and the Republican establishment are responsible for breaking the promise to the American people and subjecting Social Security benefits to income taxation. When the Supply-Side economic policy led to the collapse of inflation far quicker than Stockman’s budget prediction had taken into account, federal budget deficits appeared that Stockman and Wall Street blamed on Reagan’s economic program. In those days the only economics the Republican establishment knew was fear of budget deficits. The fools actually thought that a budget deficit caused by the unanticipated collapse in inflation was going to cause inflation.
The economy of Gillette, Wyo., has slumped along with the fortunes of companies like Devon Energy and Peabody Energy, which have slashed jobs because of the prolonged downturn in oil and gas prices.
Taxes on property, coal and oil support the county-owned hospital, but revenue has dipped because of dwindling population and a rising number of uninsured residents amid the layoffs. Wyoming, so far, has chosen not to expand Medicaid under the Affordable Care Act.
“We were really optimistic when the legislation was passed that there would be more folks with insurance and things would get better for hospitals,” said Dalton Huber, chief financial officer of Campbell County Health in Gillette.
Who doesn’t want to be more efficient? Pay someone else to do your grocery shopping — and clean your house, walk your dog, take that package to the post office. Blend your food so you don’t have to spend time chewing it. Don’t waste time remembering to buy toilet paper; just sign up for an Amazon Prime subscription.
Swipe right. Tap an app. What other on-demand drone-delivered same-day next-hour thingy do you need? Efficiency! Yay!
But perhaps our noble pursuit of efficiency is becoming something more like a frenzied — and self-destructive — obsession. The latest rage in tech is apps that call on-demand dogwalkers, personal assistants, concierges,butlers. Are these really the game-changing innovations that they’re heralded to be? Or are they something more like the rumblings of a new feudal age, in which a small number are masters, and the people formerly known as the middle class servants? And if they are, should we desire such an economy — not for moral reasons but for the sake of prosperity?
Here’s the problem.
Efficiency is a stagnating economy’s problem— not its solution. We live in what isalready probably the most efficient economy in human history. One where you can drive your car down the super highway to the local mega warehouse store and buy giant jars of peanuts for peanuts.
Cedar Rapids resident Melyssa-Jo Kelly, an advocate of oversight of Iowa’s Medicaid privatization, spoke before lawmakers Feb. 24. (Photo: Jason Clayworth/The Register)
Iowans are more likely to trust state government than private companies to run Medicaid, a new Des Moines Register/Mediacom Iowa Poll shows.
Fifty-five percent of poll participants say they would have more faith in the state government to run a program such as Medicaid, which covers health care for 560,000 poor or disabled Iowans. Thirty-six percent say they would have more faith in a private company to run it. Nine percent are unsure.
The poll comes as Iowa prepares to shift its $4 billion Medicaid program to private management on April 1. The transition, pushed by Gov. Terry Branstad, is controversial. Branstad says it will save money and offer more flexible services. Critics predict it will lead to cuts in services while the for-profit management companies siphon off millions of dollars.
By William Greider, published March 04, 2016 in The Nation
Why isn’t anyone talking about it?
Young people are the good news of 2016. They see the stressful realities of American life more clearly than their elders and are rallying around the straight talk of Bernie Sanders. Meanwhile, the big hitters back in Washington politics are working on an ugly surprise not just for the kids but for all of us—another monster tax break for US multinational corporations.
The bad news is that key leaders of the Democratic Party—including the president—are getting on board with Republicans, despite some talk about confronting income inequality. Influential Democrats intend to negotiate with Republican counterparts on the size and terms of post-facto tax “forgiveness” for America’s globalized companies. This is real money they’re talking about—a giveaway of hundreds of billions.
Why haven’t voters heard about this from candidates? Because Republicans and Democrats both know it would make angry voters even angrier.
Government action is required to correct imbalance in employer power
Another warning sign of our fragile economy popped up Friday in the latest quarterly employment-cost-index report, which measures the total cost of labor to employers. The index rose by one-fifth of 1 percent — the smallest increase since the data series was launched in 1982.
Without real growth in wages the economy cannot grow because the capacity of people to buy goods and services — what economists call aggregate demand — will remain flat.
This is a problem that we can fix, and there are three obvious ways to address it. But it requires the involvement of government, which makes the rules governing the market. If there is one thing that centuries of experience have taught, it is this: Whatever the rules, businesses adapt.
The median wage — half make more, half less — has been stuck since 1998 at a bit more than $500 a week. In 2013 average pay declined from the previous year in 59 of the 60 salary levels the government tracks. Only jobs paying $50 million or more had higher average pay.
Any conversation about tackling poverty in the United States should include protecting and expanding Social Security. The reason is pretty straightforward: Social Security is the most powerful tool available to lift people out of poverty. Nearly two-thirds of seniors depend on Social Security for the majority of their income, and millions more children and adults depend upon survivors and disability benefits. According to Center for Budget and Policy Priorities analysis of Census data, Social Security kept 21 million Americans out of poverty in the last year alone. All told, that’s more people than any other government program.
Social Security works. No one runs out of benefits, and payments don’t rise and fall with the stock market. Despite scare tactics from Republicans in Congress, the facts are clear. Social Security has a $2.8 trillion surplus. If we do nothing, Social Security will be safe for the next 18 years, and after that will continue to pay three-quarters of benefits through the end of the century.
Barack Obama claims he has created 8,302,000 new jobs through January 2016.
As he leaves office in January 2017, he will likely proclaim that his administration has practically achieved full employment, which is defined in the 3% range. And he’ll likely paint a rosy picture that under his management, the economy is in full recovery mode.
That is as far from reality as one can get inside the Washington beltway bubble and mindset.
The numbers, when viewed as a whole, do not support his claim, especially in light of the loss of 12.017 million jobs lost during the Bush and Obama years according the the Bureau of Labor Statistics (BLS).
And the majority of jobs that have been created are low-wage, not the good-paying jobs that were lost. In the U.S., jobs paying between $14 and $21 per hour made up about 60% those lost during the recession, but such mid-wage jobs have comprised only about 27% of jobs gained during the recovery through mid-2012. In contrast, lower-paying jobs constituted about 58% of the jobs regained.
The United States lost about 8.1 million jobs after the recession began in late 2007. The economy has since recovered about 3.3 million of those jobs, starting in early 2010. That, in itself, should alarm policymakers. The labor market is still in a deep, deep hole.
But in some respects, the situation is even bleaker than that. The types of jobs that have come back so far don’t seem to be paying as well as those that were lost.
A new report (pdf) from the National Employment Law Project finds that low-wage jobs, paying $13.83 per hour or less, have dominated the recovery to date. In many cases, they appear to be replacing higher-paying jobs that were lost in the first place.