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The following excerpt, via Alternet, comes from Robert Kuttner's new book, Debtors' Prison, titled Austerity and Debt Conspire to Wreck the Lives of Working American Families:

“Living within one’s means” is an appealing but oversimplified metaphor. Before the crisis, some families and nations did borrow to finance consumption—a good definition of living beyond one’s means. But this borrowing was not the prime cause of the crisis. Today, far larger numbers of entirely prudent people find themselves with diminished means as a result of broader circumstances beyond their control, and bad policies compound the problem.

After a general collapse, one’s means are influenced by whether the economy is growing or shrinking. If I am out of work, with depleted income, almost any normal expenditure is beyond my means. If my lack of a job throws you out of work, soon you are living beyond your means, too, and the whole economy cascades downward. In an already depressed economy, demanding that we all live within our (depleted) means can further reduce everyone’s means. If you put an entire nation under a rigid austerity regime, its capacity for economic growth is crippled. Even creditors will eventually suffer from the distress and social chaos that follow.

Take a closer look at moral hazard ex ante from ex post and you will find that blame is widely attributed to the wrong immoralists. Governments and families are being asked to accept austerity for the common good. Yet the prime movers of the crisis were bankers who incurred massive debts in order to pursue speculative activities. The weak reforms to date have not changed the incentives for excessively risky banker behaviors, which persist.

The best cure for moral hazard is the proverbial ounce of prevention. Moral hazard was rampant in the run-up to the crash because the financial industry was allowed to make wildly speculative bets and to pass along risks to the rest of the society. Yet in its aftermath, this financial crisis is being treated more as an object lesson in personal improvidence than as a case for drastic financial reform.

The last great financial collapse, by contrast, transformed America’s economics. First, however, the Roosevelt administration needed to transform politics. FDR’s reforms during the Great Depression constrained both the financial abuses that caused the crash of 1929 and the political power of Wall Street. Deficit-financed public spending under the New Deal restored growth rates but did not eliminate joblessness. The much larger spending of World War II—with deficits averaging 26 percent of gross domestic product for each of the four war years—finally brought the economy back to full employment, setting the stage for the postwar recovery.

By the war’s end, the U.S. government’s public debt exceeded 120 per- cent of GDP, almost twice today’s ratio. America worked off that debt not by tightening its belt but by liberating the economy’s potential. In 1945, there was no panel like President Obama’s Bowles-Simpson commission targeting the debt ratio a decade into the future and commending ten years of budget cuts. Rather, the greater worry was that absent the stimulus of war and with twelve million newly jobless GIs returning home, the civilian economy would revert to depression. So America doubled down on its public investments with programs like the GI Bill and the Marshall Plan. For three decades, the economy grew faster than the debt, and the debt dwindled to less than 30 percent of GDP. Finance was well regulated so that there was no speculation in the public debt.


Blast from the Past. At Daily Kos on this date in 2009Gallup: Moderates, liberals flee GOP:

Gallup is out with an interesting new survey showing where the Republican Party has lost the most ground over the past eight years, and conservatives aren't going to like what it reveals.

The narrative spun by the Rush Limbaughs and Sean Hannitys and Dick Cheneys of the world is that the GOP's problem is that it hasn't been conservative enough, and that rather than moderate its policies, the GOP should focus its rebuilding efforts on the party's conservative base.
But the Gallup survey tells a completely different story. According to Gallup, only 1 percent of self-described conservatives have left the Republican Party over the past eight years. In fact, the only group more loyal to Republicans were those who attend church weekly. Meanwhile, even as Republicans held their conservative base together, 9% of moderates and 8% of liberals left the party.


Tweet of the Day:

Awesome. MT @MaxBlumenthal: Billy Nye, Science Guy, booed in Waco, Texas for explaining moon reflects the sun's light http://t.co/...
@billmon1 via TweetDeck



Every Monday through Friday you can catch the Kagro in the Morning Show 9 AM ET by dropping in here, or you can download the Stitcher app (found in the app stores or at Stitcher.com), and find a live stream there, by searching for "Netroots Radio."


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  •  828,480 registered users on dKos now. (23+ / 0-)

    Here are the 10 newest registered users on dKos.  Hope to see their comments and diaries here soon!  (If they're not spammers.)

    drink8pyjama
    butterlamp6
    wilson2755 (user #828,473: spammer)
    Gettaller8
    icetyvek1
    shrinepaint37
    weightmind9
    refund8oboe
    cross6bass
    jaguarpear2

    And since our society is obsessed with numbers that end in a lot of zeros as milestones, here's a special shoutout to users:
    #823,300: fridgeiris2
    #823,400: felony94otter
    #823,500: bat9jail
    #823,600: cicada52shade
    #823,700: plier90dash
    #823,800: child0kevin
    #823,900: stormbail3
    #824,000: partybus503
    #824,100: dash94text
    #824,200: ideawire47
    #824,300: Anneliese6486
    #824,400: burn4kick
    #824,500: purplesubway48
    #824,600: pastry44desire
    #824,700: druglunge0
    #824,800: trout0cirrus
    #824,900: arrow9blood
    #825,000: valley8smash
    #825,100: doubletank5
    #825,200: turretorgan01
    #825,300: coastfront22
    #825,400: footslip5
    #825,500: johnnydiogenes
    #825,600: leo6fold
    #825,700: faceharp3
    #825,800: glideradvice99
    #825,900: year6recess
    #826,000: freonsun11
    #826,100: daniellizard92
    #826,200: top12lycra
    #826,300: bagtoast79
    #826,400: davidboard7
    #826,500: dead52clock
    #826,600: vinylmanx16
    #826,700: crate64seat
    #826,800: mayoral226 (spammer)
    #826,900: tv93teller
    #827,000: jamowl80
    #827,100: onlet (spammer)
    #827,200: siretsisi45 (spammer)
    #827,300: faucetbarge57
    #827,400: azielona123 (spammer)
    #827,500: egg36open
    #827,600: pump3baby
    #827,700: silk8heron
    #827,800: fog9pen
    #827,900: mayroll09
    #828,000: cone45botany
    #828,100: handsunday35
    #828,200: epoxy08dimple (spammer)
    #828,300: riskthrill9
    #828,400: datesaw10

    We've added a whopping 5,267 more users in the last three days.  This is a continuation going back to May where we've been absolutely flooded with new users.  I'm pretty sure almost all of these new users are spammers or bots.  While the rate had been getting faster, it seems they suddenly started slowing down right when Hurricane Sandy hit.  It slowed down to under 1,000 new users in a 24-hour period, and we were back down to somewhat over 100 new users every 24 hours or so, until about January 30th, when it exploded again.  What are they planning?


    And for your Diary Rescue music pleasure, here's AWOLNATION's "Sail".

  •  Today's Flickr triptych. (16+ / 0-)

    It was all about flowers today, red surrounded by blue.

    I’m extremely fond of the first photo that I’m calling “Emerging Allium.” In today's centerpiece "It's Peony Season!" the light was just right. Then nicely framed "Beautiful Iris" completes the set.

    Three seasonal views that I enjoyed capturing.

  •  Lots of good stuff on the FP today (4+ / 0-)

    Thank you, FPers. :)




    Somebody has to do something, and it's just incredibly pathetic that it has to be us.
    ~ Jerry Garcia

    by DeadHead on Sun May 19, 2013 at 08:31:26 PM PDT

  •  So on Friday night... (7+ / 0-)

    UCLA had our annual Spring Sing, with surprise guest judge Paula Abdul!

    But the best was always seeing the Company perform the comedy sketches between the acts.  Here's one of their videos.  ;-)

  •  Americans are a Special Interest Fringe Group (5+ / 0-)

    It's about time they got from leadership what's coming for them.

    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 Sun May 19, 2013 at 08:34:17 PM PDT

  •  Please take a bit more than three minutes (8+ / 0-)

    watch, listen, then read

    HERE

    "We didn't set out to save the world; we set out to wonder how other people are doing and to reflect on how our actions affect other people's hearts." - Pema Chodron

    by teacherken on Sun May 19, 2013 at 08:38:31 PM PDT

  •  LOL, so this was from... (5+ / 0-)

    last year before the election, but this CollegeHumor video was pretty hilarious.

  •  Sometimes the signs are unmistakeable (5+ / 0-)

    as I am finding out

    "We didn't set out to save the world; we set out to wonder how other people are doing and to reflect on how our actions affect other people's hearts." - Pema Chodron

    by teacherken on Sun May 19, 2013 at 08:39:28 PM PDT

  •  Steveningen did a great (8+ / 0-)

    Top Comments tonight about the redwoods. Great pics and lots of talk about a fantastic subject.

    "The scientific nature of the ordinary man is to go on out and do the best you can." John Prine

    by high uintas on Sun May 19, 2013 at 08:48:10 PM PDT

  •  Is it me, or ... ? (6+ / 0-)

    Does this look wrong to anyone else, or is it my computer?

    http://www.dailykos.com/...

    Oklahoma: birthplace of Kate Barnard, W. Rogers, W. Guthrie, Bill Moyers & Eliz. Warren. Home to proud progressive agitators since before statehood. Current political climate a mere passing dust cloud; we're waiting it out & planning for clearer days.

    by peacearena on Sun May 19, 2013 at 08:51:24 PM PDT

  •  So (18+ / 0-)

    From the Bill Nye article:

    But nothing got people as riled as when he brought up Genesis 1:16, which reads: "God made two great lights -- the greater light to govern the day and the lesser light to govern the night. He also made the stars."

    The lesser light, he pointed out, is not a light at all, but only a reflector.

    At this point, several people in the audience stormed out in fury. One woman yelled "We believe in God!" and left with three children, thus ensuring that people across America would read about the incident and conclude that Waco is as nutty as they'd always suspected.

    So if God wrote the bible, through man, I don't believe she would have tricked us by implying the lesser light actually produced it's own light......Or maybe God just figured that man was not intelligent enough the grasp the reflection thing....

    Poor Bill Nye. He couldn't decide whether to laugh or cry....

    And THAT rhymes....

    "If fighting for a more equal and equitable distribution of the wealth of this country is socialistic, I stand guilty of being a socialist." Walter Reuther

    by fugwb on Sun May 19, 2013 at 08:57:39 PM PDT

  •  Hungarian shadow-theatre company (8+ / 0-)

    This shadow act was an attraction on Britain's Got Talent and I don't think I've ever seen anything quite like it.

    The only trouble with retirement is...I never get a day off!

    by Mr Robert on Sun May 19, 2013 at 09:06:17 PM PDT

  •  My latest pet-peeve (1+ / 0-)
    Recommended by:
    BlackSheep1

    ..since I killed my "teevee," is the Liberty University Online commercials on HULU.

    Someone please tell me that there are no Pell-Grants feeding the insane monster. Pretty-please, with sugar on top?

    "What ad experience would you prefer?"

    There's no "sane ones" button for me and the mouse to click.

    "Crackle"is better. No "ad experience" required.

    Civil disobedience is better yet. The Gadsden flags were flying along with the stars and stripes on an intersection nearby me today. 7 white-haired geezers and a kid dancing holding a protest sign demanding who knows what.

    Where's Occupy? In pupal-stage I hope.

    Getting ready to go all butterfly on their their sorry deluded propagandized asses I guess..

    Whisper-flap 'em back to reality.

    Suspend disbelief. It's gonna get confusing as hell soon enough.

    by Anthony Page aka SecondComing on Sun May 19, 2013 at 09:13:07 PM PDT

  •  MB (12+ / 0-)

    that bill nye story is several years old.  it actually came up at my knitting group yesterday, (it's a pro-science knitting group) and i looked it up:
    On Being Bill Nye

    Ted Kennedy: “The work goes on, the cause endures, the hope still lives, and the dream shall never die…”

    by jlms qkw on Sun May 19, 2013 at 09:17:09 PM PDT

  •  Here's to a good night's rest and a better day (4+ / 0-)
    Recommended by:
    JeffW, helpImdrowning, Eric Nelson, pixxer

    for all on Monday!

     photo SX40MAtoTXApr17352.jpg

    Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

    by divineorder on Sun May 19, 2013 at 09:25:33 PM PDT

  •  Bill Nye story was in 2006. If he said that today (6+ / 0-)

    in Waco they wouldn't storm out, they'd just burn him right then and there.

  •  For want of a nail... (4+ / 0-)

    "God made two great lights -- the greater light to govern the day and the lesser light to occasionally govern the night."

    The Great Awakening Is Afire! Think outside the box or remain mundane.

    by franklyn on Sun May 19, 2013 at 09:26:55 PM PDT

  •  So in Waco, Texas when the moon hits your eye (13+ / 0-)

    like a big pizza Pie
    That's a moron

    I want 1 less Tiny Coffin, Why Don't You? Support The President's Gun Violence Plan.

    by JML9999 on Sun May 19, 2013 at 09:32:19 PM PDT

  •  One thing I don't understand... (3+ / 0-)
    Recommended by:
    gffish, Jeff Y, grover
    Billy Nye, Science Guy, booed in Waco, Texas for explaining moon reflects the sun's light
    ...is why we have a problem with Texas seceding from the union.

    We all understand that freedom isn't free. What Romney and Ryan don't understand is that neither is opportunity. We have to invest in it.
    Julian Castro, DNC 4 Sept 2012

    by pixxer on Sun May 19, 2013 at 09:34:55 PM PDT

    •  thanks for the gratuitous slam (6+ / 0-)

      on Texas, y'all.

      LBJ, Lady Bird, Van Cliburn, Ike, Ann Richards, Barbara Jordan, Molly Ivins, Sully Sullenburger, Drew Brees: Texas is NO Bush League!

      by BlackSheep1 on Sun May 19, 2013 at 09:37:10 PM PDT

      [ Parent ]

      •  Well, hey, Perry did say he wanted to secede. (2+ / 0-)
        Recommended by:
        gffish, RainyDay

        It's not out of the blue. B/c of the size of Texas, the state influences textbook content for the rest of the nation. I realize there are great people in Texas, I just really hope some of them manage to get elected to the state board of education sometime this century. Texas kids deserve better.

        We all understand that freedom isn't free. What Romney and Ryan don't understand is that neither is opportunity. We have to invest in it.
        Julian Castro, DNC 4 Sept 2012

        by pixxer on Sun May 19, 2013 at 10:03:09 PM PDT

        [ Parent ]

    •  Texas is a very big state and you can't paint (9+ / 0-)

      everyone who lives there with the same brush. Some people expect Texas to turn blue in the not so distant future. Austin, El Paso, and the Rio Grande Valley are Democratic strongholds, and the cities of Houston, Dallas, San Antonio, El Paso, and Austin all have mayors who are affiliated with the Democratic Party. So although they do have their fair share of the right wing "crazy", Texas certainly doesn't stand alone in that regard, and it's never a good idea to throw the baby out with the bath water, as they say.

      "Too often we enjoy the comfort of opinion without the discomfort of thought." - John F. Kennedy -7.8., -6.6

      by helpImdrowning on Sun May 19, 2013 at 09:50:33 PM PDT

      [ Parent ]

    •  You really think that would solve our problems? (4+ / 0-)
      Recommended by:
      helpImdrowning, pixxer, JeffW, Eric Nelson

      seriously, it would just give us a hostile nation on our border. In this small world of ours, out of sight does not mean out of mind.

      "I don't love writing, but I love having written" ~ Dorothy Parker // Visit my Handmade Gallery on Zibbet

      by jan4insight on Sun May 19, 2013 at 09:54:04 PM PDT

      [ Parent ]

      •  I don't think it would solve our problems (2+ / 0-)
        Recommended by:
        JeffW, helpImdrowning

        any more than I think it would actually happen! However, it's worth the poke at Perry, when he seemed to think of secession as a threat, that we might think of it as a blessing.

        We all understand that freedom isn't free. What Romney and Ryan don't understand is that neither is opportunity. We have to invest in it.
        Julian Castro, DNC 4 Sept 2012

        by pixxer on Sun May 19, 2013 at 10:06:57 PM PDT

        [ Parent ]

        •  Maybe we'll get lucky and Rick Perry will (2+ / 0-)
          Recommended by:
          JeffW, pixxer

          get "raptured" out of here. That would be nice.

          "Too often we enjoy the comfort of opinion without the discomfort of thought." - John F. Kennedy -7.8., -6.6

          by helpImdrowning on Sun May 19, 2013 at 10:23:35 PM PDT

          [ Parent ]

        •  Fair enough, I guess. I always wonder what's (1+ / 0-)
          Recommended by:
          pixxer

          behind those "let 'em secede" comments, which seem rather pointless to me (just sayin'). I know you can't speak for everyone in the "let 'em secede" camp, but at least you've provided some insight. Not that I agree with you, of course.

          "I don't love writing, but I love having written" ~ Dorothy Parker // Visit my Handmade Gallery on Zibbet

          by jan4insight on Sun May 19, 2013 at 11:02:29 PM PDT

          [ Parent ]

          •  I clearly should have put a wink in that first (1+ / 0-)
            Recommended by:
            jan4insight

            comment, b/c everyone who responded took it seriously!! The idea of a state seceding is so ludicrous that it only really deserves joking - I thought that was obvious, but clearly I have missed out on conversations that would have educated me in its being a sore point. The secession idea is, and should be, the butt of jokes. Rick, baby, it's not a threat, get that? However, Perry's idiocy and radicalism might just help get the state government (eventually) overthrown at the ballot box, a fate we wish most sincerely for them.

            We all understand that freedom isn't free. What Romney and Ryan don't understand is that neither is opportunity. We have to invest in it.
            Julian Castro, DNC 4 Sept 2012

            by pixxer on Mon May 20, 2013 at 09:30:02 AM PDT

            [ Parent ]

  •  Now for the point I wanted to make: (1+ / 0-)
    Recommended by:
    Eric Nelson
    Yet the prime movers of the crisis were bankers who incurred massive debts in order to pursue speculative activities. The weak reforms to date have not changed the incentives for excessively risky banker behaviors, which persist.

    The best cure for moral hazard is the proverbial ounce of prevention. Moral hazard was rampant in the run-up to the crash because the financial industry was allowed to make wildly speculative bets and to pass along risks to the rest of the society. Yet in its aftermath, this financial crisis is being treated more as an object lesson in personal improvidence than as a case for drastic financial reform.

    The last great financial collapse, by contrast, transformed America’s economics. First, however, the Roosevelt administration needed to transform politics. FDR’s reforms during the Great Depression constrained both the financial abuses that caused the crash of 1929 and the political power of Wall Street.

    The cure for moral hazard is a simple one. Repeal Gramm-Bliley.

    The cure for massive unemployment is a simpler one still. Repeal the Bush tax cuts. Every last damn one of them, now, and forever.

    Get a Constitutional amendment passed among the people if you have to -- a lot of folks in the USA do not make $400K a year and still consider themselves to be too taxed on that level of income, unlike the media monkeys in NY/DC/LA. Those folks, the ones who get by on 20K a year or so, would love to see the deficits paid for by the same damn crooks who ran 'em up, and our national safety net and economy restored to rationality.

    This ongoing stalemate / sequester / GOP bankster-bought temper tantrum's got to stop, because there's no FDR around the corner to save us this time.

    LBJ, Lady Bird, Van Cliburn, Ike, Ann Richards, Barbara Jordan, Molly Ivins, Sully Sullenburger, Drew Brees: Texas is NO Bush League!

    by BlackSheep1 on Sun May 19, 2013 at 09:41:08 PM PDT

  •  I'd like to give a shoutout to new members... (3+ / 0-)
    Recommended by:
    helpImdrowning, DeadHead, Eric Nelson

    and .
    I'm sorry couldn't make it.

  •  The CDC budgets and Back to work programs.. (5+ / 0-)

    ..are the closest solutions (in how they're designed) to these proven solutions:

    FDR’s reforms during the Great Depression constrained both the financial abuses that caused the crash of 1929 and the political power of Wall Street. Deficit-financed public spending under the New Deal restored growth rates but did not eliminate joblessness.

     - The much larger spending of World War II [...] set the stage for the postwar recovery.

    - emphasis added

    So instead of war (AUMF), joblessness needs an AULF Authority to Use Legislative Force to protect against national threats - joblessness and poverty

     Double down on publc investments - Solution proven to work
    ...............................................

    And people like Peggy Noonan, Bob Wooward, and Dave Camp - Meet the Press 5/18 - the "centrist" thought bubble - need to STFU - All their political fussing gains zero. That's been proven too -  arrgh

    •  What is up with Bob Woodward? Somebody has (2+ / 0-)
      Recommended by:
      Eric Nelson, franklyn

      pictures that don't reflect well on ole Bob.

      "Too often we enjoy the comfort of opinion without the discomfort of thought." - John F. Kennedy -7.8., -6.6

      by helpImdrowning on Sun May 19, 2013 at 09:55:29 PM PDT

      [ Parent ]

    •  This mans life was even worse than wrecked (3+ / 0-)
      Recommended by:
      Meteor Blades, helpImdrowning, JeffW

      Death by foreclosure

      Chris Hayes reporting on corrupt bank foreclosure leads to wrongful death.
      He was very angry investigating and reporting this story,  justly so

      in a week of scandals, i want to tell you the most scandalous story i heard this woke. a story for scandalous than anything else out of washington. it made my face flush with race. a 62-year-old disabled veteran whose neighbor and friend filed suit this week against wells fargo the bank that owned his mortgage for wrongful death. he died in december in a courtroom during a hearing challenging his foreclosure with wells fargo. and he never should have been in this court to begin with. we have reported quite a bit on this show about the absolute systemic error, malfeesance and corruption in the foreclosure. larry, pictured here at his assisted living facility where he lived after he lost his home. bought that home in 1995, 3 to hermosa avenue, unit 25, hermosa beach, california. his hires mortgage which latered went to wells fargo was for 13 years. and he never missed a payment. in 2007, he refinanced, into one of the most predatory kind of loans called a pick a payment. now considered to be among the most predatory and deceptive loans made during the height of the housing bubble. the new loan meant that he was now paying 75% of his disability just to make his mortgage. and so, he started collecting cans and bottles to help make end meet. but he still made the mortgage payments, according to the complaint and according to review of court documents
      . […]
      .
      Then they accused him of owing $13,361 in back taxes.. Turns out that was false. Wrong address. It was a neighbors  address.  Larry Delassus gets a hearing
      ..in december 19, 2012, he was in that court hearing having watched his entire home be taken away from him and the stress of it, the lawsuit contends, killed him. he add blood condition that the lawsuit argues increases the level of ammonia his body cannot handle. and right along with stress. the lawsuit is stress and breech of contract. in calling wells fargo for amount responded, wells fargo received inaccurate information that led to a tax overcharge. when that mistake was discovered, we reversed all of the charges and as the court ruling stated put him in the same or better position prior to the error. in a sworn deposition he clearly and honestly stated that his default was not related to the issue regarding the property taxes. he was reviewed for a modification but we were unable to find an option for him.
      Now that is a real scandal imo. I wish the executive branch could  trade in the AUMF for an AULF Authorization to Use Legislative Force to shrink these racketeers  to the size small enough to drown in a bathtub. This qualifies as financial assault imo

      AULF: Lose the filibuster

      (short commercial - sorry)  

      Full transcript @ Link:
       http://video.msnbc.msn.com/...

  •  Claire de Loons by way of Wacko, West Texas (3+ / 0-)
    Recommended by:
    Eric Nelson, gffish, Jeff Y

    C/o Digby, needs no explanation:

    Bill Nye, the harmless children's edu-tainer known as "The Science Guy," managed to offend a select group of adults in Waco, Texas at a presentation, when he suggested that the moon does not emit light, but instead reflects the light of the sun.

    As even most elementary-school graduates know, the moon reflects the light of the sun but produces no light of its own.

    But don't tell that to the good people of Waco, who were "visibly angered by what some perceived as irreverence," according to the Waco Tribune.

    Nye was in town to participate in McLennan Community College's Distinguished Lecture Series. He gave two lectures on such unfunny and adult topics as global warming, Mars exploration, and energy consumption.

    But nothing got people as riled as when he brought up Genesis 1:16, which reads: "God made two great lights -- the greater light to govern the day and the lesser light to govern the night. He also made the stars."

    The lesser light, he pointed out, is not a light at all, but only a reflector.

    At this point, several people in the audience stormed out in fury. One woman yelled "We believe in God!" and left with three children, thus ensuring that people across America would read about the incident and conclude that Waco is as nutty as they'd always suspected.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Sun May 19, 2013 at 10:01:53 PM PDT

  •  Has there been a change in DKos ad policy? (4+ / 0-)
    Recommended by:
    JeffW, Eric Nelson, side pocket, DeadHead

    All of a sudden, my front page is full of ads -- along the right hand column, between diaries and, between the diary and the comment section, an array of photos said to be "From the Web" and promoting stories like "Six things women do wrong in Bed."  What's up with this?

    The good we secure for ourselves is precarious and uncertain, is floating in mid-air, until it is secured for all of us and incorporated into our common life. Jane Addams

    by Alice Olson on Sun May 19, 2013 at 10:10:07 PM PDT

    •  Go to your profile and turn ads off in preferences (5+ / 0-)

      Sometimes there's a hiccup that changes settings or logs people off arbitrarily.

      "Go well through life"-Me (As far as I know)

      by MTmofo on Sun May 19, 2013 at 10:15:30 PM PDT

      [ Parent ]

      •  Thanks, but it is turned off. Has been ever (4+ / 0-)
        Recommended by:
        helpImdrowning, MTmofo, DeadHead, JeffW

        since I paid for the lifetime membership a couple of years ago.  I checked that first, then started asking in open threads. Yours if the first repsonse I've received, though I do seem to join these threads late in the process. I appreciate your taking the time to made the suggestion, but that doesn't seem to be the answer.  I'll write to the help team if it's not happening to others.  That's mainly why I posted -- to find out if I'm the only one.

        The good we secure for ourselves is precarious and uncertain, is floating in mid-air, until it is secured for all of us and incorporated into our common life. Jane Addams

        by Alice Olson on Sun May 19, 2013 at 10:25:13 PM PDT

        [ Parent ]

  •  Austerity is pushing the world to the brink (1+ / 0-)
    Recommended by:
    SherwoodB

    Compared to Europe, austerity in America is a Normal Rockwell portrait of all things well in America. Bill Maher's "VICE" program has provided an alarming glimpse of how Europe is falling backward almost to the state which precipitated WWII. Unemployment of young people in places like Spain is resulting in reckless vandalism in which the most reactionary lead acts of pure short-minded outrage against the establishment that are radically DEstructive rather than radically CONstuctive. Is pumping ATM machines full of bathroom tile caulk and smashing public transportation waiting room, and spay painting office buildings--to say not of rioting and destroying the veneer of civilization an intelligent way to get action? It's primitive and typical and you'd think with all the technology and lack of needs for permission to use it, people could be radically Constructive and blaze trails to new some piece of the economy they need. But in country after country, the pre-digital socio-political defaults are reasserting themselves and Europe is teetering as a whole.

    America has horse blinders on and hasn't taken to the streets except for the mostly peaceful "occupy" movement, but in a hurry, Europe's plight could drag America where she doesn't want to go. It must become understood that government policies as well of acts of omission are not synchronous with society's uptake--everything takes nearly a decade to register. And austerity is the mistaken belief that policy can cure things that took decades to go awry. There must be reigns on restrains. Otherwise the no growth will register in a decade as a double whammy--a lose lose which has prepared the world for absolutely nothing but someone's obsession with bookkeeping. It's not anywhere as important as investing today in radical Constructivism to move education from an isolated cost center to a leading economic driver of the economy where synergy knows no geographical bounds.

    "Education Is Not the Filling of a Pail, But the Lighting of a Fire" W.B. Yeats

    by RareBird0 on Mon May 20, 2013 at 02:01:29 AM PDT

  •  New rule: (2+ / 0-)
    Recommended by:
    davespicer, JeffW

    When plans that you've advocated are making matters worse, and you're told that the entire premise on which you based your plans is false, doubling down on the policies means you don't get to call yourself a policy wonk anymore.

     

    "The human eye is a wonderful device. With a little effort, it can fail to see even the most glaring injustice." Richard K. Morgan

    by sceptical observer on Mon May 20, 2013 at 02:30:38 AM PDT

  •  ECONOMIC OBSERVATIONS (0+ / 0-)

     
    FIRST OBSERVATION:  Money, wealth, capital, assets, etc. can be created and destroyed
    SECOND OBSERVATION:  Money, wealth, capital, assets, etc. are only useful when it is creating something useful to or for society, the nation or a culture.
    THIRD OBSERVATION:  As wealth is taken out of a society and made unavailable through gambling, speculation or other means social disorder increases.
    FORTH OBSERVATION:  Money, wealth, capital, assets, etc flows upward and if not stirred becomes stagnant.
    FIFTH OBSERVATION:  When consumption increases, employment increases, and visa- versa.
    SIXTH OBSERVATION:  No correlation exists between a low income rate for high income citizens and an increase performance in the national economy.
    SEVENTH OBSERVATION: The invisible hand has a thumb on the scale causing free enterprise and markets to favor the most powerful within any society.
    EIGHTH OBSERVATION: Only government can remove the thumb by using laws, rules and regulations and the strong, sure, even and fair enforcement thereof.
    NINTH OBSERVATION: Investment and consumption are not in competition but enjoy a symbiotic relationship.  Without investment there would be nothing to consume, and without consumption there would be no reason to invest.
    TENTH OBSERVATION: Full employment leads to fuller production and fuller services, and a more equal distribution of wealth, resources, capital and tax revenue.   It does not lead to inflation.
    ELEVENTH OBSERVATION: As the number of mega lending banks decreases, the competition between banks decreases resulting in the credit/bank- ratio-too-GDP increase.  When the credit/bank- ratio-too-GDP approaches 100%, the economic growth of the nation decreases.
    TWELVETH OBSERVATION:   As unemployment increases the nation’s deficit and debt increases.  As unemployment falls so does the deficit and debt, they are directly coupled!  WHY?   Workers pay income taxes.  Taxes produce government revenue thereby reducing the deficit and debt.
    THIRDTEENTH OBSERVATION: Whenever corporations can profit by manipulation of information or cooperative collusion, its workers, customers and consumers are vulnerable to abuse, fraud and malfeasance.

    LESSONS LEARNED

    A successful national economy requires:
    1.     Trained enforcers of strong rules and regulation based upon fair laws of: banks, financial institutions, brokerage houses and sellers of securities including stocks, bonds, mutual funds and other types of investments.
    2.    Automatic stimulus program whenever a downturn in the economy begins to occur.   Involving infrastructure, defense, training and financial assistance to state and local governments.
    3.    Control of the money supply, and how its ownership is distributed.
    DEFINITIONS
    CORPORATIONS are created and controlled by a few individuals and sanctioned by government.  Corporations should have no authority over the government or the people except by legal negotiated, binding contracts.
    NATIONAL GOVERNMENT are created and controlled by ‘We the People’ and sanction lower units of government as necessary and required.
    THE PEOPLE are sovereign over government and both are superior over corporations.
    INCOME shall be from all sources including wages, salaries, dividends, interest, capital gains, management fees, Hedge fund fees, bonuses, deferred income and deferred interest on same, speculation and gambling gains including derivates, Hudge funds and other such financial instruments.

  •  In 1945 (1+ / 0-)
    Recommended by:
    JeffW
    In 1945, there was no panel like President Obama’s Bowles-Simpson commission targeting the debt ratio a decade into the future and commending ten years of budget cuts.
    In 1945, presidential elections didn't cost 2 billion or so dollars.  Somebody is paying those bills and it isn't the poor and unemployed.  

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