One of my neighbours is a German (husband) and Greek (wife) couple, family arguments about finance have been over the topic of the Euro and Greek debt for the past couple of years rather than the usual financial arguments! Anyway, there may be some peace in the household today with the announcement that this has [...]

A new IMF report finds that austerity is only the answer if the question is “How can we reduce income, raise long-term unemployment, and make the recession even more painful for everyone?” Of course, that isn’t stopping the Republicans, especially the Tea Party Crowd, from proposing more cuts! The belief that cutting spending in the [...]

Cross posted from http://penigma.blogspot.com/2011/03/who-spent-social-security-trust-fund.html with permission: Social Security should have a surplus. Republicans and Tea Partiers, like Rand Paul, tell us the money was spent, and they want to change benefits and the retirement age. They hate what they like to call ‘entitlements’; they never liked them. Like unions, they have been looking for pretexts [...]

EMPLOYMENT SITUATION, 1936 from THE PEOPLE, YES, by CARL SANDBURG “Have you seen men handed refusals Till they began to laugh At the notion of ever landing a job again— Muttering with the laugh, ‘It’s driving me nuts and the family too,’ Mumbling of hoodoos and jinx, fear of defeat creeping in their vitals— Have [...]

The US media is full of talk about a budget being proposed by The US Sentate’s “Gang of Six”, yet the media tends to neglect that there is a gang of Seventy–The US Congressional Progressive Caucus (CPC). These are the Democrats in the House who have already vowed to oppose any deal which cuts benefits [...]

This is a quotation from Sir John Rose, the Chairman of Rolls Royce, which is something that should be considered in light of the US budget debates. We must be realistic about the state of the UK economy. A rebalancing is necessary and there will be no quick fix to restoring public finances to some [...]

Thanks to Southern Beale for her 18th of May post, Americans Live Within Their Means & Other Wingnut Fantasies , which has had me thinking, but there has been an increased sense of urgency about this topic as the U.S. Economy grows closer to a possible default.  While the US is one of the largest economies [...]

This photo has been reblogged from Liberals Are Cool and Look At This Fucking Teabagger If we listen to the USMSM (which includes US Public broadcasting), the “Tea Party movement” is truly a viable, grassroots movement rather than astroturfed horseshit. 2,000 people were expected at a Tea Party rally in South Carolina, just 30 showed [...]

The Guardian has an article called “World’s wealthiest people now richer than before the credit crunch” which points out that while governments are cutting services around the world, the rich are getting richer. The world’s richest people have now recovered the losses they suffered after the 2008 banking crisis. They are now richer than ever [...]

Former Labor Secretary Robert Reich said he could explain the problems with the economy in less than 2 minutes, 15 seconds—and he did it with illustrations to boot. As he said, he was a smaller, more efficient Secretary of Labour! I couldn’t agree more.

Spot the disconnect– One Million Apply for 62,000 Jobs…with McDonald’s The world’s biggest restaurant chain reported that it received one million applicants for open positions, which resulted in 62,000 people gaining employment. Another 900,000 plus were turned down. Throughout the country, the dearth of job opportunities prompted huge numbers of people to ask Ronald McDonald [...]

Two LUV News readers calling themselves The Class Warriors and wishing to remain anonymous, have made a video that should be seen widely. http://www.youtube.com/watch?v=HoKW771tG_Q

Nothing like a little voodoo economics to scare the crap out of the ignorant US public. Let’s talk about the budget deficit and how large the national debt happens to be. Guess what? The US deficit is mostly the fault of the Bush tax cuts, the Bush wars, and the financial collapse that happened during [...]

I’ve been wanting to go off on a rant about tourists for some time. It seems that tourists are drawn to most of the places I’ve lived. I realise that they provide jobs, but they can also be a bit obnoxious. This is due to the fact that they tend to stop and gawk at [...]

OK, this message is making it’s way around the internet and I’m happy to share it: Remember when teachers, public employees, Planned Parenthood, AmeriCorps, NPR and PBS crashed the stock market, wiped out half of our 401Ks, took trillions in TARP money, spilled oil in the Gulf of Mexico, gave themselves billions in bonuses, and [...]