Posted by: Jayme Johnson on: June 24, 2011
Let’s say that you spend about $250 a month on groceries to feed yourself, or you and your family. Let’s also say that you make about $1600 a month, which would roughly be equivalent to making $10 an hour. That means that you pay over 17% of your wages a month to feed yourself. Unfortunately, [...]
Posted by: Jayme Johnson on: December 12, 2010
This is my modest analogy. I was working on the draft of this when Obama came up with his hostage analogy. First, here is some background of my views on the torture debate from Paul Krugman’s blog: It’s interesting that the origin of the word “torture” has roots in the word “twisting”. When there hasn’t [...]
Posted by: Jayme Johnson on: November 19, 2010
“Few federal lawmakers must grapple with the financial ills – unemployment, loss of housing, wiped out savings – that have befallen millions of Americans,” said Sheila Krumholz, the Center for Responsive Politics’ executive director. “Congressional representatives on balance rank among the wealthiest of wealthy Americans and boast financial portfolios that are all but unattainable for most of [...]
Posted by: Jayme Johnson on: November 19, 2010
They don’t care about creating jobs unless it helps the stockholders of the particular corporations they have a vested interest in. They also don’t want their tax cuts to vanish, so anything that even smells like it will add to the debt, is rejected by them. It’s competition for their piece of the pie, because [...]
Posted by: Jayme Johnson on: November 19, 2010
Republicans are expected to block the plan, leaving both sides back at square one as they try to negotiate a deal to spare families at every income level from a big tax increase in January. via Middle Class Tax Cuts: Democrats To Hold Votes On Letting Bush Tax Cuts Expire For Wealthy.
Posted by: Jayme Johnson on: November 19, 2010
“Do the math: we have 14 million people in this country who are unemployed, and we have 13 percent unemployment in my district,” he said. “Here’s an idea: let’s take that hundred billion dollars and give three million Americans a job. Let’s give three million Americans a working wage, an honest day’s pay for an [...]
Posted by: Jayme Johnson on: November 7, 2010
Permanent cuts would bust the budget. Extending all of them would cost nearly $4 trillion over the next decade — $3.2 trillion for the so-called middle-class cuts and $700 billion for the richest Americans. There is no plausible level of spending cuts to offset the damage; the result would be chronic deficits and debilitating debt. [...]
