Economist Stephanie Kelton makes the case that government spending isn’t a path to frightening piles of debt, but a financial contribution to the things that matter — like health care, education, infrastructure and beyond. A TED video about Modern Monetary Theory.
Image (“Berlusconi Seraglio, after Fernand Cormon”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.
Martin Luther King Jr. and the Southern Christian Leadership Conference (SCLC) planned a Poor People’s Campaign for May 1968 to demand jobs, unemployment insurance, a fair minimum wage, affordable housing, and education for poor adults and children, an Economic Bill of Rights. The effort was to involve poor people of all races from all parts of the country, urban and rural, but the historical roots of racial economic disparity could not be ignored:
“At the very same time that America refused to give the Negro any land, through an act of Congress our government was giving away millions of acres of land in the West and the Midwest, which meant that it was willing to undergird its white peasants from Europe with an economic floor.
But not only did they give the land, they built land grant colleges with government money to teach them how to farm. Not only that, they provided county agents to further their expertise in farming. Not only that, they provided low interest rates in order that they could mechanize their farms.
Not only that, today many of these people are receiving millions of dollars in federal subsidies not to farm, and they are the very people telling the black man that he ought to lift himself by his own bootstraps.”
— Dr. Martin Luther King. Jr., “Remaining Awake Through a Great Revolution,” delivered at the National Cathedral, Washington DC on March 31, 1968 (full text here).
Related:
“Four ways Martin Luther King Jr. wanted to battle inequality,” Ned Resnikoff, MSNBC
“MLK called out income inequality,” James C. Harrington, Houston Chronicle
“American Dream Deferred: Wealth of Richest 400 Equals that of Nation’s 44 Million African Americans,” David Harris-Gershon,Tikkun Daily
“For women, economic justice a civil rights issue,” Maya L. Harris,CNN
“Martin Luther King’s Case for a Guaranteed Basic Income,” Matthew Yglesias, Slate
“Remembering Martin Luther King, Jr.’s Solution to Poverty,” Jordan Weissmann, The Atlantic
“Martin Luther King Jr. Celebrations Overlook His Critiques of Capitalism and Militarism,” Zaid Jilani, The Intercept
“How the 1% profit off of racial economic inequality,” Dedrick Asante-Muhammad and Chuck Collins, Guardian
If you haven’t already voted by mail, go to your local polling place. If you recieved a mail-in ballot but didn’t get around to sending it in yet, go to your state election board website to check the rules; see if you can mail it at a post office (to get today’s postmark) or put in a ballot dropbox near you. 22 states will accept mail-in ballots postmarked by today. Later, you’ll be able to track your mail-in or provisional ballot.
This is not a test. It counts. Vote.
___________________________ Short Link: hhttps://wp.me/p6sb6-BNt
Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com.
Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.
Martin Luther King Jr. and the Southern Christian Leadership Conference (SCLC) planned a Poor People’s Campaign for May 1968 to demand jobs, unemployment insurance, a fair minimum wage, affordable housing, and education for poor adults and children, an Economic Bill of Rights. The effort was to involve poor people of all races from all parts of the country, urban and rural, but the historical roots of racial economic disparity could not be ignored:
“At the very same time that America refused to give the Negro any land, through an act of Congress our government was giving away millions of acres of land in the West and the Midwest, which meant that it was willing to undergird its white peasants from Europe with an economic floor.
But not only did they give the land, they built land grant colleges with government money to teach them how to farm. Not only that, they provided county agents to further their expertise in farming. Not only that, they provided low interest rates in order that they could mechanize their farms.
Not only that, today many of these people are receiving millions of dollars in federal subsidies not to farm, and they are the very people telling the black man that he ought to lift himself by his own bootstraps.”
— Dr. Martin Luther King. Jr., “Remaining Awake Through a Great Revolution,” delivered at the National Cathedral, Washington DC on March 31, 1968 (full text here).
Related:
“Four ways Martin Luther King Jr. wanted to battle inequality,” Ned Resnikoff, MSNBC
“MLK called out income inequality,” James C. Harrington, Houston Chronicle
“American Dream Deferred: Wealth of Richest 400 Equals that of Nation’s 44 Million African Americans,” David Harris-Gershon,Tikkun Daily
“For women, economic justice a civil rights issue,” Maya L. Harris,CNN
“Martin Luther King’s Case for a Guaranteed Basic Income,” Matthew Yglesias, Slate
“Remembering Martin Luther King, Jr.’s Solution to Poverty,” Jordan Weissmann, The Atlantic
“Martin Luther King Jr. Celebrations Overlook His Critiques of Capitalism and Militarism,” Zaid Jilani, The Intercept
“How the 1% profit off of racial economic inequality,” Dedrick Asante-Muhammad and Chuck Collins, Guardian
You know how the same handful of ranting cranks monopolize government and community outreach meetings? Moving meetings online was supposed to broaden the base of citizen participation.
Didn’t happen. New research found that moving housing hearings online in Massachusetts ‘did not remedy systemic skews in participation.’
“Relative to all voters in the community, online participants in local hearings in Massachusetts during the pandemic were whiter (by a 13 percent margin), older (22 percent likelier to be over the age of 50) and more likely to be homeowners than renters (a 25 percent gap). These gaps are roughly the same as … co-authors observed with in-person housing meetings pre-pandemic. The only difference is that partisanship went up on Zoom….”
— “Thought Zoom Would Save Local Democracy? It Hasn’t.” Michael Hendrix, Governing
The federal Office of Special Counsel has found that 13 high-level Trump Administration officals illegally used their government positions for political activities, campaigning for Donald Trump in the 2020 election. In addition to frequent offenderKellyanne Conway (previously caught in 2018 and 2019), the high-level officials include Trump’s secretary of state, Mike Pompeo, his acting homeland security chief Chad Wolf, his Secretary of Energy Dan Brouillette, Secretary of Everything Jared Kushner, national security adviser Robert O’Brien, White House chief of staff Mark Meadows, White House adviser Stephen Miller, White House deputy press secretary Brian Morgenstern, Mike Pence’s chief of staff Marc Short, White House communications director Alyssa Farah, and US Ambassador to Israel David Friedman.
The Hatch Act is designed to prevent government officials from using their offices for political purposes, but as the OSC report observes, “the Hatch Act is only as effective as the White House decides it will be. Where, as happened here, the White House chooses to ignore the Hatch Act’s requirements, then the American public is left with no protection against senior administration officials using their official authority for partisan political gain in violation of the law.”
“Filibuster” (from the Dutch word for “pirate” or “freebooter”) is a parliamentary rule the U.S. Senate adopted by accident. These days it has nothing to do with Mr. Smith Goes to Washington. Alvin Chang explains how the filibuster broke the Senate. A Vox video.
More:
“Make the Filibuster Difficult Again,” Burt Neuborne and Erwin Chemerinsky, New York Times
“What is the Senate filibuster, and what would it take to eliminate it?” Molly E. Reynolds, The Brookings Institution
“All the Lies They Told Us About the Filibuster,” Jonathan Chait, New York Magazine
Martin Luther King Jr. and the Southern Christian Leadership Conference (SCLC) planned a Poor People’s Campaign for May 1968 to demand jobs, unemployment insurance, a fair minimum wage, affordable housing, and education for poor adults and children, an Economic Bill of Rights. The effort was to involve poor people of all races from all parts of the country, urban and rural, but the historical roots of racial economic disparity could not be ignored:
“At the very same time that America refused to give the Negro any land, through an act of Congress our government was giving away millions of acres of land in the West and the Midwest, which meant that it was willing to undergird its white peasants from Europe with an economic floor.
But not only did they give the land, they built land grant colleges with government money to teach them how to farm. Not only that, they provided county agents to further their expertise in farming. Not only that, they provided low interest rates in order that they could mechanize their farms.
Not only that, today many of these people are receiving millions of dollars in federal subsidies not to farm, and they are the very people telling the black man that he ought to lift himself by his own bootstraps.”
— Dr. Martin Luther King. Jr., “Remaining Awake Through a Great Revolution,” delivered at the National Cathedral, Washington DC on March 31, 1968 (full text here).
Related:
“Four ways Martin Luther King Jr. wanted to battle inequality,” Ned Resnikoff, MSNBC
“MLK called out income inequality,” James C. Harrington, Houston Chronicle
“American Dream Deferred: Wealth of Richest 400 Equals that of Nation’s 44 Million African Americans,” David Harris-Gershon,Tikkun Daily
“For women, economic justice a civil rights issue,” Maya L. Harris,CNN
“Martin Luther King’s Case for a Guaranteed Basic Income,” Matthew Yglesias, Slate
“Remembering Martin Luther King, Jr.’s Solution to Poverty,” Jordan Weissmann, The Atlantic
“Martin Luther King Jr. Celebrations Overlook His Critiques of Capitalism and Militarism,” Zaid Jilani, The Intercept
“How the 1% profit off of racial economic inequality,” Dedrick Asante-Muhammad and Chuck Collins, Guardian
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