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America’s Aversion to Taxes

It's amazing. America is slipping behind the industrialized world. Our democracy, our very way of life, is threatened. But we stubbornly refuse to pay higher taxes -- we even refuse to allow the wealthiest among us, who have gotten disproportionately wealthier in recent years -- no matter how much it hurts us. Goodbye, America. Goodbye, light of the world. August 14, 2012 ...Italy may be in a funk, with a s ...

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Vanishing pensions

Less than 30% of firms offer The time-honored American institution of a company-financed pension is going the way of the company car. The defined-benefit pension is a vestige of a bygone era, says Alex Pollock, a scholar at the American Enterprise Institute, who also questions the idea of Uncle Sam guaranteeing pensions. That is a system that started back in the 1970s at the suggestion of Nat Weinberg, an e ...

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A Financial Plan for the Truly Fed Up

August 4, 2012 What to do when traditional investment choices seem riddled with deceit and incompetence? Here are some suggestions for people who want little to do with the usual road to retirement bliss. More: http://www.nytimes.com/2012/08/04/your-money/asset-allocation/a-financial-plan-for-the-truly-fed-up-your-money.html?smid=pl-share ...

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Having Opposed Auto Bailout, Romney Now Takes Credit for Rebound

Is he utterly shameless, or too stupid to know he's lying? May 8, 2012 Mitt Romney, who opposed the bailout that many credit with saving the auto industry, is now claiming credit for the sector's recovery. More read: http://thecaucus.blogs.nytimes.com/2012/05/08/having-opposed-auto-bailout-romney-now-takes-credit-for-rebound/?smid=pl-share ...

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Let Detroit Go Bankrupt

Mitt forecast disaster if the Obama Administration did what it promised to do. His approach was not possible: there was no private investment money for a managed bailout. And he was wrong in results: the industry is doing quite well. But that doesn't stop Mitt: He now takes credit for the Administration's success. November 18, 2008 A managed bankruptcy may be the only path to the fundamental restructuring t ...

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A Campus Built by Labor Is Going on the Block

Organized labor's accredited institution of higher learning is for sale. What? You didn't know organized labor supports an institution of higher learning? That likely puts you in 99% of the American public who doesn't know. And that could be one of the major reasons why organized labor is in the pathetic shape it's in. August 1, 2012 The National Labor College, founded by the A.F.L.-C.I.O., is selling its 4 ...

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In Its First Action, Consumer Bureau Takes Aim at Capital One

This didn't make huge news, but if it succeeds in protecting American consumers it could well represent a substantial accomplishment of the Obama Administration. July 19, 2012 The Consumer Financial Protection Bureau on Wednesday delivered its first enforcement action against the financial industry, fining Capital One for pressuring and misleading more than two million credit card customers. Read more: http ...

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What Can Mississippi Learn From Iran?

Catchy title aside, this is a poignant story of poverty and culture in America, not to mention close-minded shortsightedness, but also one of hope and possibility. Nowhere is our health care system more broken and desperate than rural Mississippi. Can an approach used in Iran help save lives? http://www.nytimes.com/2012/07/29/magazine/what-can-mississippis-health-care-system-learn-from-iran.html?smid=pl-sha ...

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Obama Sets a New Trap for Republicans as Senate Passes Plan To Kill Tax Cuts for the Rich

July 25, 2012 By a 51-48 vote the Senate passed President Obama’s plan cut taxes for the middle class and end the Bush tax cuts for the wealthy. An election year trap has now been set for House Republicans as they will have to kill tax cuts for the middle class. Republican and Democratic Senate leaders set the stage for passage of the bill by waving the 60 vote rule, which allowed the legislation to pass wi ...

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SENATE PASSES BILL TO EXTEND TAX CUTS FOR INCOMES UNDER $250,000

Here is what you need to know … EVERY SINGLE REPUBLICAN in the Senate voted against extending tax cuts for the middle class today. Every. Single. One. Meanwhile – earlier in the day as part of an agreement to vote on dual bills … every Republican except for two voted to extend tax cuts for the rich and middle class. So – if you’re taking score at home … the GOP will ONLY vote for tax cuts for you if they ca ...

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