Great recap of the welfare reform travesty – in which Clinton admits that the poorest families in the U.S. are worse off after welfare reform. Also describes how state control, combined with fiscal downturns, pulled money away from the poor.
So much to say about Obama’s budget, the geek in me actually wants to read the entire plan, but I have this pesky dissertation to finish instead. Budgets are inherently redistributive documents, in one direction or another. Obama’s proposal is being characterized as a bold effort to redistribute the benefits of the recovery to the […]
Jamie Peck, Geography professor at The University of British Columbia, has written quite a bit about neoliberalism, what he calls “austerity urbanism” and the ongoing saga of Detroit’s finances. He has an insightful blog post on how terms like bailout, responsibility, and federalism are serving to seal Detroit’s fate as a sinking ship, forced to […]
ST. PAUL, Minn. — Caught between a gridlocked Congress and a Highway Trust Fund that will soon be broke, President Obama on Wednesday urged lawmakers to overhaul corporate and business taxes to pay for repairing and replacing the nation’s aging roads, rails, bridges and tunnels. … New legislation to pay for transportation projects is an urgent priority for both […]
The New York Times gets transcripts of conversations between the economists responsible for guiding the U.S. economy past the financial crisis, and failing. The hundreds of pages of transcripts, based on recordings made at the time, reveal the ignorance of Fed officials about economic conditions during the climactic months of the financial crisis. Officials repeatedly […]