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Does The Obama Budget Really Seize Retirement Accounts?

Do you know anyone who actually has three million dollars invested in a retirement plan? The odds are you don’t – but if you do, consider this millionaire you know. Is this person struggling financially so much that he or she could not reasonably afford to pay the ordinary amount of income taxes? […]

Boston Rallies to Redirect Budget Cuts from Human Needs to the Military Budget

At 11 AM today, a large coalition of groups assembles outside Boston’s North Station in a rally for the reprioritization of the budget from warfare to human needs. Participating groups include:

Budget for All Coalition Mass. AFL-CIO Mass. Jobs with Justice Mass. Alliance of HUD Tenants American Friends Service Committee Mass. Peace Action Disability Policy […]

Senate Hides Behind Secret Votes in Defunding Research

To no small degree, the United States of America rose in prominence because of innovation, and to no small degree that innovation has been funded through research funded directly by the federal government and indirectly through its support of higher education. In economist Edwin Mansfield’s classic study of American industrial innovation, for instance, he finds […]

House Republicans Vote AGAINST Cutting Deficit By 4.4 Trillion Dollars

Republicans are always saying that they want to reduce the size of the federal budget deficit. This week, the House GOP voted AGAINST reducing the deficit by 4.4 trillion dollars. […]

Roll Call: Most Democrats Vote AGAINST Progressive Budget Legislation

This was the sort of progressive budget bill that Democratic voters have spent years waiting for, and so, naturally, the majority of House Democrats voted against it. […]

Looking For A Vote On The Back To Work Budget?

It’s been said that the U.S. House of Representatives will be voting on a wide variety of budget bills aimed at ending the sequestration austerity currently imposed on the USA. Barack Obama and the Republicans in Congress worked together to pass sequestration in the first place, but now, they’re pretending to have always opposed the […]

Time To Account For The Cost Of War

We wouldn’t have the sequester today, if it wasn’t for all the wasteful military spending that took place to enable the invasion and occupation of Iraq. However, Republicans and conservative Democrats remain reluctant to cut military spending back down to pre-war levels, and have worked to obfuscate the true financial cost of the war. […]

What Does A Military Crisis Of Readiness Look Like?

A significant reduction in our nation’s military budget would not only bring our economy back to a more sustainable footing. It would also wean Washington’s political culture away from an unhealthy tendency to perceive a military crisis around every corner. […]

Joe Wilson’s Odd Math On National Debt

How could it be that dollar spent on schools for America’s kids increases the national debt, but a dollar spent on bombs and bullets used to kill people in America’s wars does not increase the national debt? Joe Wilson wasn’t able to explain how this freakish economic dynamic works. […]

The Top 10 Contractors of 2011: All Military. Gaining More of Your Tax Dollars. Connected.

Last year, I shared with you the Top 10 federal contractors of 2010. Last week the Federal Procurement Data System released a new wave of information for 2011. Let’s compare the two years:

Top 10 Federal Contractors of 2010: 1. Lockheed Martin Corp.: $35,828,421,340.83 in contracts

2. Boeing: $19,486,294,255.83 in contracts

3. Northrop Grumman Corp.: […]

Newt Gingrich for President of the Moon

Newt Gingrich wants to be President so that he can build home for himself on the Moon? Fine. Let’s give it to him. Only, let’s not make him President of the United States of America. Let’s make Newt Gingrich President of the Moon, and then have the Russians ship him off on a Soyuz rocket to serve out his term there, in a capsule on the side of the crater, the ruler of all he can see. […]