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By Tim Price, originally published on Next New Deal

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Singapore's Lessons for an Unequal America (NYT)

Roosevelt Institute Chief Economist Joseph Stiglitz writes that despite a growing class divide in the U.S., other comparable nations have demonstrated that it's possible to combine social equity with strong economic growth. The key seems to be that you have to try.

In Cyprus, Europe Sets a New Standard for Stupidity (Bloomberg)

Clive Crook tries to decipher the logic behind the European Union's decision to work toward a unified banking system only to turn around and prove that it can't be trusted to insure anyone's bank deposits without taking the liberty of making its own withdrawals.

Lesson of JPMorgan's Whale Trade: Nothing Was Learned (ProPublica)

Jesse Eisinger argues that the Senate report on JPMorgan's London Whale fiasco and the subsequent cover-up shows that bankers are still up to the same old tricks that led to the financial crisis, and regulators are still happy to play the magician's assistant.

Progressives' budget merits a closer look (WaPo)

Katrina vanden Heuvel writes that the Congressional Progressive Caucus's budget, which contains ideas with strong popular support that could actually help the economy, deserves more media attention than a new edition of Paul Ryan's plan to avenge the makers.

Republicans Redefine "Left-Wing" as "Not Balancing the Budget Fast Enough" (Slate)

Dave Weigel notes that as part of the GOP's ongoing effort to message its way out of nonsensical policy positions, it's now claiming that proposing a budget with a slightly higher debt-to-GDP ratio is the start of a slippery slope toward seizing the means of production.

The economic plan to rob grandma's bread basket (Guardian)

Helaine Olen argues that switching Social Security to chained CPI would hurt retirees in general, who can't exactly shop around for a cheaper generic for hip surgery, and older women in particular, who'd be forced to go on a low-carb, low-everything-else-too diet.

This Week in Poverty: SEIU Hospital Workers Strike for Affordable Healthcare (The Nation)

Greg Kaufmann highlights a strike by 700 hospital workers in Washington whose own health insurance has become so expensive that they can no longer afford care, which is kind of like working as a cook or a waiter in a restaurant while suffering from starvation.

Forty Years Behind on Sick-Leave Policy, But Catching Up (Prospect)

Sharon Lerner notes that there's mounting pressure for the U.S. to join most of the rest of the world by guaranteeing paid sick time, but the idea still faces powerful opposition, like business owners who must enjoy having employees cough on their lunch.

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

Originally posted to Daily Kos Economics on Wed Mar 20, 2013 at 06:40 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  Progressive Caucus Budget Gets Media Attention (7+ / 0-)

    Excellent link to Katrina vanden Heuvel's column in the WaPo

    As blogger Bill Scher argues, “the Progressive Caucus holds an unfair advantage: It includes policies the public actually supports.” In a sane world, that would be enough to earn the Back to Work Budget equal time with Ryan’s latest slash-fest. Instead, if past is prologue, the Progressive Caucus alternative will be covered as an afterthought at best.

    It doesn’t have to be that way. When all-too-savvy reporters dismiss reasonable ideas as doomed fantasies, they do the public a disservice. When they shower right-wing pseudo-wonkery with the air of seriousness, they make it that much worse. (There are praiseworthy exceptions to the trend,including the New York Times’ Paul Krugman and The Post’s Ezra Klein, who called the Progressive Caucus budget the “correct counterpart to the unbridled ambition of the Ryan budget.”)

    It's a sensible, realistic, middle of the road budget that promises far more than any other plan to create jobs and boost the economy.  

    It shouldn't just be considered, the Obama administration needs to get behind it and get it passed.

    It is an old strategy of tyrants to delude their victims into fighting their battles for them. FDR

    by Betty Pinson on Wed Mar 20, 2013 at 07:04:43 AM PDT

  •  "In Cyprus, Europe Sets a New Standard... (2+ / 0-)
    Recommended by:
    shaharazade, Oaktown Girl

    for Stupidity."

    No kidding. Remember when Europe was fancied a bastion of enlightened thinking and progressive, pro-human politics? Now its austerity-laden idiocy seems positively Medieval. Eh, I'd still rather have their healthcare.

    And God bless the French. I just can't help but love the French (snarklessly).

    "Nach dem Spiel ist vor dem Spiel." -Sepp Herberger

    by surfbird007 on Wed Mar 20, 2013 at 01:52:53 PM PDT

  •  Fast enough? (2+ / 0-)
    Recommended by:
    Oaktown Girl, earthling1

    How about balancing the budget by 1999 or so? Like it was before Shrub cut taxes, started two wars, and signed big giveaways to big pharma and the big banks?

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