Economics Headlines for the Week: 2/21/2011
Economics headlines from this week’s news, blogs, and op-eds.Vodpod videos no longer available.
(T)his broadside comes less than a month after the state’s fiscal bureau — the Wisconsin equivalent of the Congressional Budget Office — concluded that Wisconsin isn’t even in need of austerity measures, and could conclude the fiscal year with a surplus. In fact, they say that the current budget shortfall is a direct result of tax cut policies Walker enacted in his first days in office.”Walker was not forced into a budget repair bill by circumstances beyond he control,” says Jack Norman, research director at the Institute for Wisconsin Future — a public interest think tank. “He wanted a budget repair bill and forced it by pushing through tax cuts… so he could rush through these other changes.”
What I do know is that irregardless of the state of Wisconsin’s finances, the Governor’s emphasis on stripping workers’ collective bargaining rights while refusing to negotiate on true fiscal issues related to these wages and benefits constitutes union busting.
GreenPeace explores the connections between a notorious conservative climate denying think tank and Koch Industries, the United States largest private oil and drilling company. I’m always a fan of the saying: follow the money, but in this case Koch Industries’ annual contributions only accounts for 1% of The Heritage Foundation’s annual expenditures… but it should give you an idea of the type of people and corporations contributing to the foundation. Here is more information on The Heritage Foundation and its backers.
The title really says it all. A tragic example of why the current approach to Health-care and Insurance in the United States needs true reform.
Leave it to the Libertarians to rewrite history when it doesn’t fit with their ideological view, that is after all what they do with reality. However, I would like to state that while FDR may not have actually “solved” the depression in its entirety… he did a lot to alleviate the general suffering of the people. However, this isn’t something that tends to concern most libertarians I’ve talked to (in all seriousness).