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Rainbow Girl's picture

Verizon Ready to "Kill Copper" and Take Hostages

The main pilot program rolled out in Fire Island, NY, post-Sandy [shock doctrine opportunity.] Sandy damaged all the copper lines and Verizon has a monopoly for copper phone service in Fire Island. Instead of fixing the existing phone lines, Verizon -- eager to find opportunities to roll our "Voice Link" -- an ObamaCare like product that is expensive, does not work and causes life-threatening and working-people's-economy threatening things -- tells Fire Islanders take our "Voice Link" or get lost. Read below the fold...

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letsgetitdone's picture

The Smart Bunny's Guide to Debt, Deficit and Austerity: A Review

One of the most important parts of the collective effort to spread the good news about the Modern Money Theory approach to macroeconomics is popularization of MMT views. Read below the fold...

letsgetitdone's picture

A Modest Proposal on Voting Rights

In light of the Supreme Court's decision on the Voting Rights Act, upholding the principle that States must be treated equally under the Constitution when it comes to new voting legislation they enact, but people, in relation to their exercising their voting rights, not so much; there's a real need for proposals to make Section 5 of the Voting Rights Act operative again by re-writing Section 4. Here's a modest proposal. Read below the fold...

DCblogger's picture

The kleptocracy begins its assault on churches

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I predicted this last August, now it has begun:

Gov. Mike Huckabee
It's time for churches to reject tax exempt status completely; freedom is more important than government financial favors.

Read below the fold...

Workers of the World Unite and Dance

Working America put together this video about the power of unions.

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DCblogger's picture

Koch Watch

Paul Street: ‘Obama’s Resume of Betrayal’

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Paul Street in “Power Served, Millions Betrayed” presents the reality of Obama’s conservative neoliberal ideology and takes on the personality-cultish, propaganda-spun good will so many progressives still cling to regarding Obama:

There is, of course, one group of Americans who have clearly not been thrown under the bus by Barack Obama: the very predominantly white corporate and financial elite.

Read below the fold...
letsgetitdone's picture

Sorry Folks, Austerity’s Not Dead Yet!

It makes a good headline; but it’s dangerous to say “austerity is dead,” just because new budget projections indicate that the deficit has already been cut by $200 Billion more than in previous projections, and because the Reinhart-Rogoff study has been debunked successfully, and, hopefully, irretrievably. Austerity will only be dead when legislators, Presidents, Prime Ministers, Central Bankers, and international lending organizations stop trying to implement it, whether or not they stop because deficits have already been cut.

Of course, those claiming austerity is dead, mean by their claim that deficit cutting efforts have already been successful enough in the United States that future projections in all the mainstream budget plans now show only “moderate” deficits (See the Table which now includes CBO revised budget projections.) These don’t signal a debt crisis, and instead suggest that we can now turn to the really serious economic, health, and environmental challenges we face. Read below the fold...

letsgetitdone's picture

Mr. President, End Debt Ceiling Hostage-taking for Good!

On May 9, 2013, The Republican House passed H.R. 807 the Full Faith and Credit Act. The Bill says in part:

(a) In General- In the event that the debt of the United States Government, as defined in section 3101 of title 31, United States Code, reaches the statutory limit, the Secretary of the Treasury shall, in addition to any other authority provided by law, issue obligations under chapter 31 of title 31, United States Code, to pay with legal tender, and solely for the purpose of paying, the principal and interest on obligations of the United States described in subsection (b) after the date of the enactment of this Act.
(b) Obligations Described- For purposes of this subsection, obligations described in this subsection are obligations which are--
(1) held by the public, or
(2) held by the Old-Age and Survivors Insurance Trust Fund and Disability Insurance Trust Fund.

So, in brief, the Bill provides for the Treasury, even when it is about to reach the debt ceiling, to issue additional debt to pay principal and interest on debt instruments issued to the public including foreign nations, and to pay principal and interest on Social Security (SS) “trust fund bonds” in the course of paying SS recipients. Read below the fold...

letsgetitdone's picture

Make ‘em Prove the Causality before They Cause Any More Suffering: Part Two, the Fall and After

In Part One, I asked whether the Carmen Reinhart/Kenneth Rogoff study and book didn’t show that, on average, nations experiencing debt-to-GDP ratios above 90% had negative rates of economic growth? And I said the answer to the question was “no.” But I didn’t explain why that was true. Read below the fold...

Disadvantaged Youth as Military Cannon Fodder

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Lesley Docksey’s article “‘Fit for Purpose’ Cannon Fodder” in Dissident Voice is chilling and moving.

Its British context is easily relatable for Americans of conscience concerned about the recruitment and exploitation of our young people, particularly our most vulnerable, economically disadvantaged young people, to risk their lives for highly questionable and dangerous military operations -- as front line “cannon fodder.” Read below the fold...

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