The Minimum Wage Shows Why (and How) We Should Vote Today
For today is Election Day, and on this day, we will elect 36 governors. This is no time to stay home when the polling places are open. This is a time to choose leaders who will act where Washington has not.
Recovery of the Rich, by the Rich, for the Rich -- Recession for Everyone Else
It's been seven years since the Great Recession started, and for most Americans, it never ended.
How Obama Cut the Deficit in Half -- and Made Us Pay the Price
Barack Obama deserves credit for delivering on his promise to shrink the deficit -- a promise that Mitt Romney and his tax cuts would surely have violated -- but Americans have to ask themselves whether they really want a smaller government.
Not Everyone Has the Tools to Become Rich: How Our Childhood Shapes Our Ability to Succeed
For those Americans who have been materially successful, it may seem like everyone else simply chose not to follow the same path, but the reality is that most Americans don't know how to find that path.
Finally! Someone Explains What All Those Obamacare Numbers Mean!
It's time for a math lesson. After reading this article, you'll know what the numbers mean -- and which ones you should trust. No candidate will be able to fool you.
No, Education Isn't Enough to Get You Out of the Ghetto
Ross looks around at his fellow One Percenters and sees their education and assumes that's how they got there. It's like the old joke about the guy who was born on third base and assumed he'd hit a triple.
Guess Who Tried to Prevent the VA Crisis -- and Who Stood in Their Way!
While the Bush administration plunged us into two wars and cut taxes on the rich, Republicans in Congress were blocking every Democratic attempt to give the VA the funding they needed to give our veterans the medical care they were promised.
How the One Percent Is Stealing Your Money in the Stock Market
The market is rigged, and the public has been lied to about the investments they're making.
The Best Monetary Policy Is Strict Financial Regulation
Since interest rates supposedly have a strong effect on unemployment, how can forecasters be so right about unemployment if they're so wrong about interest rates?
The Ryan Budget Is an Affront to Economics and American History
This is a cruel, counterproductive path we are on, and that is not a statement of mere opinion. It is the inescapable conclusion of data-driven, cutting-edge economic research based on real-world evidence and the accumulated lessons of American history.
Republicans Want to Replace Obamacare with…Obamacare-Lite?
At long last, we can answer the simple question that Democrats have been asking Republicans since March 23, 2010: You got a better idea? Unfortunately, the answer is a disappointing "no."
Yes, Obamacare Critics, Health Insurance Does Make You Healthier
Barone and Krauthammer claim that the Medicaid group did not have better health than the uninsured group, proving the futility of health insurance, but their conclusion is based on a very narrow, selective reading of the evidence.
The Rich Aren't Rich Because They Work Harder. They Work Harder Because They're Rich!
Not only does Sam Zell's theory fail to explain the rise of the One Percent, it actually gives a reason to oppose it. If more work is a justification for more income, as Zell suggests, then the One Percent should be experiencing less income growth than everyone else.
Does Obamacare Infringe on Our Liberty? Or Does It Give Us Even More Freedom?
Freedom requires more than the absence of laws and taxes. True freedom of choice requires the capability to make that choice -- and the free market doesn't always give us that capability.
The Poor Don't Lie and Cheat Any More Than the Rest of Us
The notion that the poor are uniquely morally deficient, it turns out, is completely backward. They're actually more virtuous, on average, than the rich.
Do the Math: People Don't Choose to Be Poor or Unemployed
On the 50th anniversary of the War on Poverty, many Americans are still operating under the assumption that people choose to be poor and unemployed, that they'd rather be lazy than rich, that they can afford the basic necessities of life. But the numbers tell a different story.
The One Percent Is Hogging So Much of Our Income That It's Holding the Economy Back
If too much money goes to the One Percent and not enough to the 99 Percent, the economy will save more and more and spend less and less, until there isn’t enough consumer demand to justify increasing production and investment. Thus, the economy will slow down.
Good News: Obamacare Clearly Isn't Stifling the Economy
The more of the law that's implemented, the better the economy seems to perform. How can that be?
Staying in Afghanistan Is a Recipe for More Terrorism
Barack Obama is daring the terrorists. He's standing in their front yard. He's calling them out.
An Open Letter to the One Percent
You are the most powerful citizens of the most powerful country in the world. Your country needs you. You have the influence, the means, and the brainpower to turn this economy around, but you must know the facts. You must hear the cold, hard truth.