Adam Eran: Fast forward to the sub-prime/derivatives meltdown–a bank scandal 70 times the size of the S&Ls–and how many referrals for criminal prosecution under Obama? … wait for it… ZERO!
Adam Eran: To show how little they learned, California’s Democrats have now put Holder, a candidate for the crookedest AG in history, on retainer to defend against the onslaught of Trump’s not-yet-committed crimes.
Adam Eran: The real outrage is that private banks receive far more money than any social safety net program would need, but the proposed cuts impact only safety net programs.
Adam Eran: In the wake of Reagan’s policies, although it was previously the world’s largest creditor, the U.S. became the world’s largest debtor. Now we have a middle class economically eviscerated by the lost equity in their homes, who tapped this equity during the housing bubble to sustain their consumption.
Adam Eran: The metaphors that frame the current Federal budget and debt ceiling debates are completely inaccurate, and if the media coverage is any indication, the public has swallowed them hook, line and sinker, too.
Adam Eran: Intolerance is costly in other ways, too. The U.S. doesn’t get the cheaper, more effective single-payer health care now because racist Dixiecrats in Congress were concerned that federally-sponsored health care would mix the races in Southern hospitals.
Adam Eran: My best wishes to Ms. Cronan, and anyone else commited to willful blindness about facts, with an added plea: Please, be careful not to bump into the furniture. Meanwhile, I will refrain from calling Ms. Cronan “the barbarian.”
Adam Eran: Waiting for a race of cyborg/celebrity super-teachers distracts from the egregious income inequality and the childhood poverty that worsens educational outcomes in the U.S.
Adam Eran: Historic tax reductions on the wealthy, and the Wall-Street-Fraud recession, have reduced public revenues, and this reduction now makes otherwise too-popular-to-cut programs vulnerable. But are such cuts really necessary?
Adam Eran: One recent such sprawl-enabling designed-to-fail project is California’s proposed high speed “supertrain.” This would take years and cost billions to build.
Adam Eran: The bottom line here is that State spending disproportionately goes to lower-income people, while recent tax cuts have disproportionately favored the wealthiest taxpayers.
Adam Eran: Would the oligarchy that is the military-industrial-prison-media complex stoop so low as to incite a war, even promoting Iran as a backwater deserving of U.S. “shellacking”? And is the Pope really Catholic?
Adam Eran: So the origin of California’s tax reductions, and even its current budget deficit, is arguably oil price inflation. If we want a stable economy, and government without deficits, we need to stop kidding ourselves that spending is a the root our budget problems, and attend to our energy addiction.