Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Tim Price, originally published on Next New Deal

Click here to receive the Daily Digest via e-mail.

Sen. Sherrod Brown explains why he wants to break up the big banks (WaPo)

Roosevelt Institute Fellow Mike Konczal talks to the Ohio progressive about the need to end "too big to fail" and how it became something he and David Vitter can agree on—a category usually limited to things like "Nasty weather lately!" or "It is 2:30 PM."

Why we need to raise the minimum wage (LA Times)

Andy Stern and Carl Camden make the case that the 8 million workers who fall below the poverty line deserve a wage that reflects the value they provide and the respect they deserve, not government aid that doubles as a consolation prize for Good Effort.

Federal Austerity's Bite on Job Growth (NYT)

Binyamin Appelbaum writes that Friday's jobs report isn't just about the 236,000 jobs added last month; it's also about the 142,000 jobs a month we won't be adding thanks to deficit hawks' determination to, um, save the economy—even if they have to kill it.

Long-Term Unemployment Inches Up in February Jobs Report (HuffPo)

Arthur Delaney finds more gray clouds to go with the report's silver lining: despite overall improvement, the number of Americans out of work for six months or more increased. Now policymakers will need to try that much harder to convince them to give up.

When Public Is Better (Prospect)

Robert Kuttner argues that what we need isn't a smaller government, but one that does what we want it to do directly and effectively instead of contracting its work out to a third party, which often results in privatizing the foul-ups and socializing the blame.

Don't Cut Social Security, Expand It (Bloomberg)

Josh Barro notes that as Obama wines and dines the GOP, chained CPI may once again be served up on a platter. But cutting Social Security isn't the answer to any question except "What is the government really good at, and how do we make it worse?"

In the South and West, a Tax on Being Poor (NYT)

Katherine Newman writes that while the federal tax code is progressive, there's a stark regional divide in state taxes, and the more regressive systems make it look like they've confused the idea of eradicating poverty with eradicating the poor people.

How Washington Could Make College Tuition Free (Without Spending a Penny More on Education) (The Atlantic)

Jordan Weissman notes that instead of spending $77 billion on federal student aid in the form of tax breaks and grants last year, the government could have paid to give every student in the state university system a free ride. So what if it just... did that?

Tim Price is Deputy Editor of Next New Deal. Follow him on Twitter @txprice.

Originally posted to Daily Kos Economics on Mon Mar 11, 2013 at 06:37 AM PDT.

Also republished by Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Good, love my Senator Brown nt (0+ / 0-)
  •  Good links, thanks! (1+ / 0-)
    Recommended by:
  •  If the Gov't Gave Tuition Away for the Same Cost (4+ / 0-)

    as managing and underwriting loans, the investment industry would cry theft.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Mon Mar 11, 2013 at 11:50:34 AM PDT

    •  Because making money off people is (1+ / 0-)
      Recommended by:
      historys mysteries

      more important than helping people.

      Student Loansharking has to be stopped even if it will take filet mignon out of the more deserving mouths of the rich.

      The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men.

      by xxdr zombiexx on Mon Mar 11, 2013 at 11:58:16 AM PDT

      [ Parent ]

  •  Capitalism has spent over 100 years (1+ / 0-)
    Recommended by:
    historys mysteries

    crafting this bullshit about free markets and 2 cows just coming into one's possession as if by magic.
    Capitalism will fail if we do not set aside a lrge number of commoners to milk and denigrate.

    Capitalism's massive, obscene profits would falter if commoners were to take part in this level of wealth, which God truly reserved fro those who are not commoners.

    This is why capitalists have this insane fear of income re-distribution: especially these days when they have got almost ALL the money redistributed to them and there is noise like OWS and Elizabeth Warren.

    Making more people well-off only runs things for the more deserving up top.

    The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men.

    by xxdr zombiexx on Mon Mar 11, 2013 at 11:56:31 AM PDT

  •  Even WSJ admits gov't job cuts are (2+ / 0-)
    Recommended by:
    Amber6541, historys mysteries

    contributing towards the high unemployment rate. If we weren't so "successful" at making unemployment worse by cutting gov't workers, we'd be at 7.1%.

    Love the comments:

       8:00 pm March 9, 2013
        Djibouti wrote :

    Yet we’re still spending more or the same. Are we certain many of laid off government workers didn’t come back as contractors?

    See, they're not unemployed, they're just outsourced!
  •  Walmart could Boom by paying its workers! (2+ / 0-)
    Recommended by:
    eeff, historys mysteries

    Walmart claimed a $17 Billion Dollar Profit in 2012.  With One Million low-paid workers, whose primary shopping place is - WALMART, Walmart could provide its' own economic boom by simply giving each of its low-paid workers a $5,000 annual raise, lowering its' own profit to only $12 Billion Dollars, but anticipating an projected increase in sales from the purchases of its own workers.

    Wow!  Henry Ford Economics. Paying your workers enough money to shop in your own stores.

    "Stupidity got us into this mess, then why can't it get us out?" Will Rogers offering advice to the Republican Party.

    by NM Ray on Mon Mar 11, 2013 at 02:38:02 PM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site