Answers to recurring questions of the day: what’s the state of the economy, are Americans really as overtaxed as they think they are, and what has the 2009 economic stimulus accomplished–or not?
Beyond
When Income Was Taxed at 94%: How FDR Tackled Debt and Reckless Republicans
The last time the nation faced war debts Franklin Roosevelt didn’t hesitate to raise taxes and show up Republicans who stood in the way of fiscal responsibility, argues Sam Pizzigati.
Ronald Reagan, Sarah Palin and Tea Parties: The Gipper’s NAACP Warning to Extremists
“You are the ones who are out of step with our society,” Ronald Reagan said of extremists in a 1981 speech to the NAACP, a speech that resonates in tea party America today, Zach Roberts argues.
GMAC Mortgage Machination: Don’t Have Document to Foreclose? Make It Up
When GMAC, one of the nation’s largest mortgage servicers, sought to foreclose on a homeowner last year and lacked a crucial document, the company just made one up, pointing to a pattern of deceptive filings to foreclose on homeowners.
Health Reform Won’t Slow Costs as Spending on U.S. Care Nearly Doubles by 2020
U.S. Health spending will grow by an average of 5.8 percent a year through 2020, compared to 5.7 percent without the health overhaul. With that growth, the nation is expected to spend $4.6 trillion on health care in 2020, nearly double the $2.6 trillion spent last year.
Boehner-Obama Debt-Ceiling Follies: Your Hair-Pulling Guide on Stats and What Ifs
How dire could the consequences of not raising the debt ceiling be? What are the possible solutions? Here’s a reading list to help you keep up as the clock ticks to next week’s deadline.
Murdoch’s US Hacking Scandals: 9/11 Victims, Bribes and “Anti-Competitive Behavior”
It’s not just in England: federal investigators are probing claims that Ruper Murdoch’s News Corp hacked into a competitor’s computers, that Murdoch papers attempted to hack into the phones of 9/11 victims and allegedly paid bribes to British police.
Rupert Murdoch’s Wall Street Journal: Bancroft Family Members Now Regret Sale
Several key members of the Bankroft family which controlled The Wall Street Journal say they would not have agreed to sell the prestigious daily to Rupert Murdoch if they’d been aware of News International’s conduct in the phone-hacking scandal at the time of the deal.
Approaching His 8th Birthday, Nate Truelove Continues Remarkable Wreck Recovery
Nate Truelove was 7 when he almost died in a debilitating wreck on Old Kings Road last September. His recovery has been long, difficult and remarkable. An update from his great-grandmother Charlene.
Introducing Google+: Why Facebook’s Monopoly and Twitter’s Heyday May Be Over
Kyle Russell walks you through Google’s latest Big Thing, how it beats Facebook, and why it may put Twitter and LinkedIn out of business. Your invitation is in Gmail.