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rjs commented on the blog post The GOP’s Zero-Sum Economics: Forcing Health Care to Pay for Student Loans
loans are the wrong way to go to begin with…f the corporatocracy needs educated workers, then they should pay for their education; as it is now, college tuition has just become a vehicle to entrap naive young people into debt slavery…
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rjs commented on the blog post That’s An Idea! Raise the Minimum Wage
a higher minimum wage also contributes to reducing the deficit; raising the minimum wage to $10 (or $12, as james galbratih advocates) will lift the pay of 28 million of us and likely increase half as many working just above the new minimum whose pay will increase as employers adjust their overall pay scales, so we’ll be increasing the pay, and hence the taxes paid, of almost 15% of the workforce..
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rjs commented on the blog post Buffett Rule Fails to Advance in the Senate
O: “At a time when we have significant deficits to close and serious investments to make to strengthen our economy, we simply cannot afford to keep spending money on tax cuts that the wealthiest Americans don’t need and didn’t ask for.”
he’s talking less than $5 billion – not even enough to pay for 3 of his stealth bombers…
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rjs commented on the blog post Warm Winter Economic Boost Coming Back to Haunt Jobs Picture
i think they slipped one in on us at year end…
writing about the unemployment report saturday evening, and noting the number of people ‘not in the labor force’, now at an all time high of 87,897,000, was the reason for the headline percentage to decline to 8.2%, i connected a few dots back to the end of year extension of unemployment comp…under the new formula, the declining headline percentage has terminated Federal unemployment in 15 states…
4th paragraph here: http://marketwatch666.blogspot.com/2012/04/notes-on-march-unemployment-februarys.html
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rjs commented on the blog post Will the Housing Bust End the Emergence of Suburban Sprawl?
the dwindling supply of oil is a nail in the coffin…
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rjs commented on the diary post notes on the ACA arguments, january’s home prices, & february’s personal income & outlays by rjs.
blocked images can be viewed here…
i dont have time to fuck around…this will be my last post at FDL… -
rjs wrote a new diary post: notes on the ACA arguments, january’s home prices, & february’s personal income & outlays
the story of the week revolved around the 3 days of supreme court hearings and arguments over the constitutionality of sections of the Patient Protection and Affordable Care Act (PPACA), often shortened to ACA & more frequently called obamacare; the primary and best known challenge to the act involves the individual mandate, ie., the question as to [...] -
rjs commented on the blog post House Democrats Try to Stop Foreclosure Fraud Settlement Beneficiaries From Getting Hit With Big Tax Bill
a house is to live in, not an investment…would a renter also be allowed to deduct his rent as a loss?
and where would that end? would one be able to deduct the loss on a sale of a car? after all, both cars and houses are depreciating assets…
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rjs commented on the blog post House Democrats Try to Stop Foreclosure Fraud Settlement Beneficiaries From Getting Hit With Big Tax Bill
re: “an almost completely unremarked-upon side effect of the foreclosure fraud settlement”
had a paragraph on that a month ago, riffing on a post by yves: http://my.firedoglake.com/rjsigmund/2012/02/26/notes-on-home-sales-the-fraudclosure-glitch-gas-oil-prices-et-al/
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rjs commented on the diary post the ryan budget, february housing, & the March heat wave… by rjs.
blocked images can be viewed here…
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rjs wrote a new diary post: the ryan budget, february housing, & the March heat wave…
except for a wonkish blog debate on the output gap , and whether the recession did permanent damage to the nation’s potential ( it didnt ), the news that garnered the most attention and blogospheric commentary was the release of the 2013 republican budget by congressman paul ryan (pdf), who is the chairman of the house budget committee; although we know this budget [...] -
rjs wrote a new diary post: on banksters, congresscritters, & economic reports of the week ended March 17th
according to the NY times & at least 2 liberal websites, the House passed a popular bipartisan jobs bill this week , which was also expected to also pass the Senate and be signed by the president ; at least that’s what you’d understand its about from reading about it…apparently everyone’s been taken in by the naming of the bill, [...] -
rjs commented on the diary post What Happened to Our First Amendment???? by kristenh.
The Bill of Rights? ha ha tell me another one…
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rjs commented on the blog post IL-10: Progressive Ilya Sheyman Looking Good in Primary Fight
here’s a caveat from lambert via naked capitalism:
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rjs commented on the diary post Is a college degree worthwhile…for anyone who isn’t rich? by TobyWollin.
Fastest growing occupations - BLS – Table 1.3: Fastest growing occupations, 2010 and projected 2020
4 out of the top 5 dont even require a highschool diploma…
there’s gonna be a lot of kids with degrees emptying bedpans or carrying tools for construction workers…
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rjs commented on the diary post Student Loan Bubble Nonsense: Peter Peterson and the Washington Post Mess Up on the Economy Yet Again by Dean Baker.
peterson & the post notwithstanding, we do have a growing student loan “problem” (dean can own the term “bubble” to describe housing); all the growth in the growing consumer credit numbers can be attributed to student debt, as i explain in my most recent post
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rjs wrote a new diary post: february unemployment; january’s consumer credit, trade deficit, & the LPS mortgage monitor
the employment situation report from the BLS for febraury was delayed till this friday of this week, apparently because february had one less day than most other months…the headline number from the establishment survey showed a seasonally adjusted increase of 227,000 non-farm jobs, based on preliminary responses from about one third of all US businesses and agencies (and [...] -
rjs commented on the diary post notes on housing prices and other econ news – week ended Mar 3rd by rjs.
everyone who’s worked with reported numbers long enough knows that they’re estimates from incomplete data; headline unemployment reported this week, for instance, will be from a sampling of just 50,000…but if you try to include caveats to everything you just end up reporting methodology…
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rjs wrote a new diary post: notes on housing prices and other econ news – week ended Mar 3rd
we’ll start today by looking at the case shiller home price index for december , noteworthy because all three of their composite indexes ended the year at new post bubble lows , both seasonally adjusted and in absolute terms…again, the case shiller reports encompass unweighted home prices reported over 3 months, so these reports also includes october & november; both the 10 city [...] -
rjs commented on the blog post Auto Sales Up Sharply, Higher than Cash for Clunkers Period
i’m gonna have to disagree with you on that…you dont break windows to create jobs for glaziers…
because i couldnt get a decent used car under $5000, i ended up driving my leaking, smoking ’94 dodge, re-filling fluids daily, until i found a 96 olds for $4000 a year later…
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