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If you ask many progressives what changes they'd like to see long-term, and encourage them to think big, they might imagine an America that looks something like Denmark. Indeed, last year Bernie Sanders traveled around Vermont with the Danish ambassador to the United States to tout all the great things that that country does. As Sanders wrote in an article after the road trip:
A frustrating thing about the minimum wage debate is that it often plays out in a theoretical void. Some economists tout models that say pay hikes are a jobs killer, others present models that show the opposite.
SACRAMENTO – In a victory for voting rights, the state of California has agreed to mail voter registration cards to nearly 4 million Californians who have signed up for health insurance through the state health exchange, Covered California, and to ensure that Californians who apply for health benefits through the exchange going forward are provided voter registration opportunities.
While attention focuses on Paul Ryan’s remarks about inner city culture, another dog-whistle theme continues its slow roil: food stamp abuse. More even than Ryan’s twisting narrative, the brouhaha around food stamps helps make clear that conservatives seek to conjure a much bigger bogeyman than “lazy” minorities.
Currently under consideration by state legislature, SB 975 is the third attempt to legalize payday loans (PDLs) in Pennsylvania since 2010. It claims to accommodate many of the criticisms against its predecessors, but the tweaks are superficial, and the basic impasse remains: that which makes payday lending profitable also makes it dangerous.
A new report shows that projected ten-year deficits have shrunk by nearly $5 trillion since 2010, which is pretty remarkable. It seems like just yesterday that the Simpson-Bowles Commission released it's findings amid a fierce debate over the budget deficit.
For decades, rapid economic growth has been the norm for developed countries. An educated workforce, a large population boom, major technological advances, and abundant fossil fuels were the key components of growth, generating substantial and broadly distributed increases in standards of living in many countries. We have grown so used to such growth that we inevitably view it as a panacea for a host of economic ills, whether it's a deep recession or income inequality.
We now understand, however, that the postwar growth paradigm is not environmentally sustainable.
Home Depot co-founder Ken Langone is the latest rich guy to make a fool of out of himself by invoking Nazism to condemn populist attacks on inequality. Langone has apologized, but it’s worth looking beyond the Hitler analogy to more closely examine Langone’s main point that “You don’t survive as a society if you encourage and thrive on envy and jealousy.”
It's no secret that the cost of living varies widely across different parts of the United States, and that it can be much tougher to make ends meet on a low wage job in Manhattan, New York than in Manhattan, Kansas. So here's an obvious idea: Let's improve the Earned Income Tax Credit so that its benefits track with local needs.
With President Obama proposing an increase to the EITC in his new budget, now's a good moment to look at ways this crucial lifeline for low-income households could work better.