Prosperity, not Austerity

"...the economy is running on the fumes of the investments we made in public goods decades ago." -- Prosperity Economics: Building an Economy for All

As the Mongol army swept across the Asian steppes in the 13th century, psychological warfare was one of their most powerful weapons. Looking much like their victims, Mongol spies easily infiltrated towns in the army's path to foment panic. "The Mongols are coming! The Mongols are coming! They kill the women and rape the men! The Mongols are coming!" Just as the Mongols hoped, many towns surrendered without a fight.

Come to think of it, the relentless psychological messaging from Washington sounds a lot like that. Austerity. Fiscal cliff. Debt crisis. America could go the way of Greece. America is broke. Grand Bargain. Surrender Dorothy.

The Lost Decade

Paul Krugman writes today in his NY Times blog that we appear to be heading into a Japan-like lost decade.

Save the Economy by Hiding From the Census

I read this article by Vedran Vuk, and thought you'd all enjoy it.

In a recent Census Bureau press release, one statistic really stands out, mailing back the census form costs the government 42 cents while sending someone to check non-responses costs $56. At first, my reaction was to immediately mail back my census form. With all the government spending going on, there is no need for more waste.
But then, I remembered the Census’s own rhetoric. If I perform my civic duty of filling out the Census, my community will get more money. This sounds great doesn’t it?
But, if I want more money for my community, then why should I return the form through the mail? Think about it. Imagine if everyone in my community, the Baltimore metropolitan area, refused to mail their census forms back.

Hypocrisy Among Stimulus Opponents

Politico is reporting that Republicans who opposed the stimulus package that is helping to save our economy, are speaking out of both sides of their mouth. When it is convenient to take the money to win points at home, they do. But their 2010 strategy is to distance themselves from the money.

On Determining Impact, Or, How Stimulative Is Stimulus?

We strive to be, if anything, a participatory space around here, and I’ve had a question come to my inbox that is very much deserving of our attention.

To make a long story short, our questioner wants to know why, on the one hand, despite the passage of the American Recovery and Reinvestment Act of 2009 (ARRA, also known as the “stimulus”), unemployment in the construction industry continues to increase, and, on the other hand, why there is such a giant disparity, on a state-by-state basis, in the cost of saving a job?

They’re great questions, and, having done a bit of research, I think I have some cogent answers.

Stimulus day - Obama in CO - and on budgets, dems do know best

Lately, Republicans are constantly telling me new theories about Barack Obama or the democrats, including how the dems were planning to "turn the country socialist." (even as our Republicans are calling for the Nationalization of our banks) Even worse, is the claim that Bill Clinton is to blame for the economy.

The GOP...what a bunch of morons.

gop head up behind">

After watching the Republicans vote, essentially unanimously, to reject the stimulus package...after adding a lot of tax cutting provisions that won't create jobs...I've come to the conclusion that the GOP has a death wish.

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