Below you'll find a list of all posts that have been tagged as “Government spending”
As you ride the Amtrak along the Pacific coast between Los Angeles and San Diego, you pass the San Onofre nuclear power plant, home to three mammoth atomic reactors shut by citizen activism. Framed by gorgeous sandy beaches and some of the best surf in California, the dead nukes stand in silent tribute to the popular demand for renewable energy. …
If you’re confused about why American economic growth has been so disappointing, consider this: US government investment in capital, research and development, and education and training is at its lowest point in 45 years. In 2014, federal investment turned negative for the first time since 2001, meaning that government capital is depreciating or becoming obsolete faster than it is being replaced Harvard …
The ferocious reaction to my assessment that Senator Bernie Sanders’ economic and health care proposals could create long-term economic growth shows how mainstream economists who view themselves as politically liberal in America have abandoned progressive politics to embrace a political economy of despair. Rationalizing personal disappointment and embracing market-centric economic theories according to which government can do little more than fuss around the edges, …
The richest Americans increasingly are taking over the levers of power and shaping the political debate, despite opposing views held by a majority of Americans, a new and unprecedented academic study of the top 1 percent has confirmed. The super-rich are more politically active than average Americans, financing and contacting elected officials and knowing many on a first-name basis. Their …
The poorest Americans have no realistic hope of achieving anything that approaches income equality. They still struggle for access to the basics he economic hoarding by those at the top has been termed “income inequality”, but that’s neither a strong nor accurate enough phrasing. I have never heard poor people complain about “income inequality”; poor people complain about being screwed …
It goes without saying that humans are good at causing problems. Climate change, overfishing and widespread environmental contamination from chemical toxicants are all creations of our own making. But are we destined to create such problems? Many people believe so, and argue that our capacity for self-interest, avarice and ecological shortsightedness make us inherently unsustainable as a species. Not only …
Worse than any disease or even leprosy, anyone spouting Austrian economics or even “common sense” (almost extinct today) has been shoved into the outcast corner by the mass delusional majority. Over the last few years, “theory after theory” has become fact after FACT afterFACT! There can no longer be any question, conspiracy to delude and defraud has run rampant and is a …
Persistent low wages cost US taxpayers approximately $153 billion every year in public support to working families, according to a new report that details, for the first time, the state-by-state costs. Following decades of wage cuts and health benefits rollbacks, more than half of all state and federal spending on public assistance programs (56 percent) now goes to working families, …
