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11 HOURS AGO - Mother Jones

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Trickle-Down Economics Has Ruined the Kansas Economy

Republicans have long sung the praises of trickle-down economics: Just cut taxes, and the economy will flourish as companies and individuals use the windfall to boost investment and create jobs. But a grand experiment in implementing those policies at the state level has revealed a far less rosy reality—and the consequences are threatening to spark a civil war among Republicans. ...

Tags: Trickle-Down Economics Has Ruined the Kansas Economy,  Fiscal Policy Latest News

APR 30, 2016 - Huffington Post

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What Democracy Really Means, According To One Of Its Most Outspoken Champions

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); WASHINGTON -- When Greece’s European creditors cut off emergency assistance to the beleaguered country’s banks last summer, bringing its financial system to the brink of collapse, it was only a matter of weeks before the Greek government capitulated to their demands. A band of radical socialist politicians elected to upend the status quo ...

Tags: What Democracy Really Means, According To One Of Its Most Outspoken Champions,  Fiscal Policy Latest News

APR 29, 2016 - Huffington Post

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U.S. Foreign Policy Got In The Way Of Helping Greece, Greek Ex-Official Says

function onPlayerReadyVidible(e){'undefined'!=typeof HPTrack&&HPTrack.Vid.Vidible_track(e)}!function(e,i){if(e.vdb_Player){if('object'==typeof commercial_video){var a='',o='m.fwsitesection='+commercial_video.site_and_category;if(a+=o,commercial_video['package']){var c='&m.fwkeyvalues=sponsorship%3D'+commercial_video['package'];a+=c}e.setAttribute('vdb_params',a)}i(e.vdb_Player)}else{var t=arguments.callee;setTimeout(function(){t(e,i)},0)}}(document.getElementById('vidible_1'),onPlayerReadyVidible); The United States did not pressure Germany more heavily to give Greece debt relief because it needed Germany’s cooperation in higher-priority foreign policy matters, according to a former Greek finance minister. Yanis Varoufakis, the ex-cabinet official who became famous as the face of Greek defiance in the first half of 2015, said the ...

Tags: U.S. Foreign Policy Got In The Way Of Helping Greece, Greek Ex-Official Says,  Fiscal Policy Latest News

APR 29, 2016 - American Prospect

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Kildee: Michigan Austerity Policies Doomed Flint

(Photo: AP/Manuel Balce Ceneta) Representative Daniel Kildee of Michigan speaks to reporters about the Flint, Michigan, lead poisoning during a news conference on Capitol Hill on Wednesday, April 20. The contaminated-water crisis in Flint, Michigan, has propelled the city from a public relations disaster to municipal freefall. As President Obama prepared to travel next week to a city where residents still don’t trust their tap water, Michigan Attorney General Bill Schuette filed criminal charges ...

Tags: Kildee: Michigan Austerity Policies Doomed Flint,  Fiscal Policy Latest News

APR 28, 2016 - Business Insider

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OBAMA: The Republican economic 'mythology' needs to be thrown out — or else we're doomed

President Barack Obama is no fan of Republican economic orthodoxy.  Speaking with The New York Times' Andrew Ross Sorkin on his economic accomplishments and failings during his tenure as president, Obama said that above almost all else, the one thing the US should do is stop following what he calls the "mythology" that's been built around the "Reagan revolution." "If we can't ...

Tags: OBAMA: The Republican economic 'mythology' needs to be thrown out — or else we're doomed,  Fiscal Policy Latest News