Below you'll find a list of all posts that have been tagged as “Government budget balance”
Introduction Top events in 2015 that shaped the world and are very likely to continue doing so include the economic slowdown not just in China and India, but in most of the world outside the US. Globalization under the neoliberal model of development continued to devastate the middle class in 2015 as it has in the last three decades, especially …
Our debt-based monetary system conceals a brutal fact: indebtedness to private sources for the acquisition of money is an unnecessary scourge on our economy and societal well-being. But with everyone, including local and state governments, in debt over their heads there’s nowhere to get more without digging the hole deeper. Systemically, the debt-money regime has run its course. Happily, alternatives are being explored in the form of outright free public issue of money directly to the people — “QE for the People.” We look at several dimensions of these ideas. Ellen speaks with noted UK professor and author Mary Mellor about the democratization of money and financial systems. Co-host Walt McRee discusses the current Bretton Woods IV Convocation which is focusing on the vital need for reclaiming public control of money, and on the Public Banking Report Matt Stannard takes a look at the morality of money.
Corporations have reaped trillion-dollar benefits from 60 years of public education in the U.S., but they’re skipping out on the taxes meant to sustain the educational system. Children suffer from repeated school cutbacks. And parents subsidize the deadbeat corporations through increases in property taxes and sales taxes. Big Companies Pay about a Third of their Required State Taxes An earlier …
As a former covert CIA operative, specializing in counter-proliferation, I still believe that the spread of nuclear weapons and the risk of their use is the greatest existential threat we face. Twenty-six years after the end of the Cold War, the world still has more than 15,000 nuclear weapons. Whatever other issues people care about — poverty, the environment, inequality …
HSBC is the world’s largest bank outside of the U.S. and China, the largest in the UK, and the 9th largest bank in the world overall. HSBC’s chief economist Stephen King wrote today in a note to clients: The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers. King notes: …
