What Do You Mean By Socialist?

Stéphane Hessel

Charles Hayes: One of the biggest fallacies of contemporary economics, and right-wing propaganda in particular, is that a progressive income tax is counterproductive because it dampens incentive. This simply is not true, and yet it is repeated as gospel truth ad nauseam.

Drinks Are on the House (and Senate)

strawberry-daiquiri-wide

Walter Brasch: “As long as the Republicans control Congress,” said Marshbaum, “the American way of life will be preserved. Want a drink now?”

Break Up the Banks

Stimulus

Robert Reich: As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big. By all means, give regulators resolution authority and also impose the tightest regulations possible. But Congress and the White House shouldn’t stop there. Limits should be placed on how big big banks can become.

Anti-Immigrant Hate Group Director Dan Stein Thinks ‘Illegal Aliens’ Will Receive Health Care

immigrant

Anti-immigrant rhetoric aside, Executive Director of Voto Latino Maria Teresa Kumar — who appeared on the same segment opposite of Stein — also pointed out that the more people who are included in any health insurance plan, the more costs for everyone involved go down.

Watchdog: No, Hank, You Didn’t Get a Good Deal for the Taxpayer

Henry Paulson

Former Treasury Secretary Hank Paulson said last October that the taxpayers shouldn’t fret about putting $250 billion in the nation’s banks: “This is an investment, not an expenditure, and there is no reason to expect this program will cost taxpayers anything.” But a draft report from the Congressional Oversight Panel for the TARP says Paulson [...]

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