Tag Archives: entitlements

SUPER-SIZING BIG GOVERNMENT & BIG FAST FOOD + MINIMUM WAGE MYTH: How You The Taxpayer Subsidizes Employees Of McDonald’s, Burger King, Wendy’s, Wal-Mart, etc. With Billion$ Because Those Giants Pay Such LOW WAGES That Their Employees MUST Be On Food Stamps If Not WELFARE To Survive! $7.25-Per-Hour Means POVERTY LEVEL In New York & Many Other States! BUT – $2.13 Per Hour MINIMUM WAGE FOR TIPPED WORKERS! Are You Kidding! USA DEMANDS LIVING WAGE, NOT MINIMUM WAGE! Most Importantly, The “Living Wage” Must Be Based On The COST OF LIVING INDEX, On State-By-State Basis, Adjusted Annually – Not The Ludicrous Federal Minimum Wage Law Of Today (One-Size-Fits-All)!

RICHARD WOLFF: That’s right. And it’s painful for some of us to hear that, because it is so obviously untrue. It is so obviously contradicted by the realities, not just of those who work at the minimum wage, but all of those who work at or even at 50 percent above what we call the poverty level. Because when you look at what families like that can actually afford, they have to deny huge parts of the American dream to their children and to themselves as a necessary consequence of where they are put.

And I don’t need to be an economist to put it as starkly as I know how. We can read every day that in the major cities of the United States, apartments are changing hands for $10 million, $20 million, $30 million, $40 million. People have enormous yachts that they cruise — we all see it. We all know it. We even celebrate it as a nation. How does that square with millions of people in a position where they can’t provide even the most basic services and opportunities?

We don’t have equality of opportunity. Because there is no shortcut! If you want equality of opportunity, you’re going to have to create equality of income and wealth much closer to a genuine equality than anything– we’re going in the other direction. And so I agree with you. It’s stark if our president talks about something so divergent from the reality. Continue reading

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END THIS DEPRESSION NOW! HOW? 1- Reinstate Spending Cuts! 2- Put Teachers & Infrastructure Workmen Back To Work! 3- Do NOT CUT ENTITLEMENTS, Which Now Would Be A Disaster! & Most Importantly, 4- Hire Jack Lew As Treasury Secretary To Campaign Against This Austerity Obsession. – “Paul Krugman On Why Jobs Come First” (& 5- Disregard Any Unproven “Axiomatic” Economic Assertions From Tea Partyers, Conservatives & Republicans Because Their Solutions Only Exacerbate The Problems & Those Machiavellian Solutions Never Apply To Them! – Tabacco’s Educated Interpretation Of Krugman’s Rhetoric)

PAUL KRUGMAN, “DEPRESSION ECONOMICS is when the normal things you do to boost the economy, have the Federal Reserve cut interest rates a little bit, are no longer available or effective. It’s a situation where the normal rules of what you– of economic policy, have to be put on hold, and you really need to do extraordinary stuff.

The United States is not like a European country that doesn’t have its own currency. The U.S. government cannot run out of cash UNLESS CONGRESS PREVENTS IT, you know creates an entirely self-inflicted shortage through the DEBT CEILING. How is it exactly that we’re supposed to have this crisis that leads to a double dip recession? It really doesn’t even make sense as a story.

It (Loss of Confidence in $) could lead to a weakening of the U.S. dollar against other currencies. But that’s actually a good thing. That would make U.S. exports more competitive. That would actually boost our economy.

It is not a legitimate tactic of politics to threaten to destroy the country if you don’t get what you want.

So sure, by all means, let’s think about it (Budget). But it should not be dominating our policy discussion now”. – TABACCO: Will somebody – anybody – inform the Republican Boy Who Cried Wolf about this! Those IDIOTS on the ‘Right’ ought to know these things! Continue reading

Posted in Bush, class war, compromise, deregulation, disaster capitalism, GOP, hypocrisy, illicit drugs, knowledge is power, Obama, outsourcing, political ping pong, Politics, socialism4richcapitalism4poor, sophistry, takebackamerica, warpeace | Tagged , , , , , , , | 3 Comments