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In the Last 5 Years, the U.S. Minimum Wage Dropped 75 cents an hour

Over the last five years, the real U.S. minimum wage has dropped 75 cents an hour. This is true even though nominally speaking, from 2009 to 2014 the U.S. minimum wage has remained at $7.25.

The above paragraph may seem paradoxical, but it isn’t. The two statements are resolved by noting the difference between “real […]

Richard Shelby Introduces Constitutional Amendment To Encourage State Of Perpetual War

Yesterday, U.S. Senator Richard Shelby, a Republican from Alabama, proposed a new amendment to the Constitution of the United States of America.

The constitutional amendment introduced through S.J. Res. 9 would allow the U.S. Congress to pass a budget with deficit spending only if the United States is at war.

The amendment is being […]

Is This A Satanic Bill From Republicans In Congress?

Christian literalists warn to be on the lookout for anything that incorporates the number 666, because “666 is the number, or name, of the wild beast with seven heads and ten horns that comes out of the sea.” You may be thinking, “What beast with seven heads and ten horns that comes out of the […]

Jeb Bush Tours Wealthy Influence Peddlers

Next week, Jeb Bush begins a fundraising push in the wood-panneled dining room of the posh Hotel Duval in Tallahassee, Florida, pictured below. Then, he flies off to an evening reception at the home of Henry Kravis, of the multinational private equity firm Kohlberg Kravis Roberts & Company. […]

On Super Bowl Sunday, Time for a Legislative Gut Check

Number of years that the federal minimum wage has been in decline, accounting for inflation: 6

Number of American workers earning the federal minimum wage or less: 3.3 million

Number of bills before the 114th Congress to raise the federal minimum wage: 1

Number of Congressional cosponsors for legislation to raise the minimum wage: 19

[…]

Aaron Schock Says No Jobs Can Be Created Unless America Burns Huge Amounts Of Dirty Coal

It sounds like an exaggeration, but these are the words that actually came out of the mouth of Republican Congressman Aaron Schock yesterday: “No corporation, however globally well-positioned or integral to our state’s economy, can create or save American jobs given the current administration’s anti-fossil fuel agenda.”

Representative Schock was complaining about regulations designed to […]

Football Museum Vs. Minimum Wage – Guess Which Wins In Congress?

Members of the United States Congress are elected to make sure that the government meet the needs of the American people, but some of them have an awfully strange idea of what those needs are. An example of the odd priorities often expressed by members of Congress is H.R. 602, a bill yesterday that will, […]

Senate Republicans Vote Against American Jobs On Keystone XL Pipeline

Why would they vote this way, if jobs were the genuine Republican motivation for approving the Keystone XL Pipeline? Why are Senate Republicans so intent upon shipping American steel jobs overseas? […]

Jim Rickards Warns Of Imminent Recession. So What?

It’s surprising to me, given that the Internet enables the communication of a variety of ideas in an unprecedented diversity of forms, how predictable and repetitive its right wing conspiracy theories have become. A standard format has developed that can be identified from a mile away.

So it is with the Jim Rickards conspiracy theory […]

In The Long Run We Are All Dead

Friday seems an apt time for this reminder: Economist John Maynard Keynes advised, “In the long run we are all dead.” Invest wisely.

Congressman Steve King Proposes Repeal Of Sixteenth Amendment

Yesterday, Congressman Steve King, Republican from Iowa, introduced H. J. Res 16, legislation to the U.S. House of Representatives with a short and simple active clause: “The sixteenth article of amendment to the Constitution of the United States is hereby repealed”.

The sixteenth amendment to the Constitution reads: “The Congress shall have power to lay […]