While we appear to have dodged the bullet (provided the next set of votes go through, that is), I thought it was still of importance to understand why this whole thing has been so important and why it has taken up an extraordinary amount of media attention (while at the same time, barely being properly explained). So here’s a pretty good overview ( Read more... )

From MoveOn.org:


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A letter to the President: Shared Sacrifice
Everyone understands that over the long-term we have got to reduce the deficit - a deficit that was caused mainly by Wall Street greed, tax breaks for the rich, two wars, and a prescription drug program written by the drug and insurance companies. It is absolutely imperative, however, that as we go ( Read more... )

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I just thought I’d pass this tidbit along
Just take a look at the latest reports on what the top hedge fund managers haul in. In 2010 John Paulson led the list with a record $4.9 billion in personal earnings. That’s a whopping $2.4 million an HOUR. Here’s a factoid to make you wretch: It would take the median US household over 47 years to earn as ( Read more... )

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