Category Archives: Economy
Before 2006, when flood insurance reform was passed by Congress, the largest distribution of dollars from the Feds to the states was via flood insurance subsidies. The dollar amounts were far greater than for crop insurance or HUD subsidies. Probably because most insurance is regulated by states to make sure the industry is stable, there is not much awareness how much money is involved.
Inflation follows rising wages to recapture them.
Accountability is a new favorite buzzword. It is designed to suggest that an enterprise is prompted to behave responsibly and serve the public interest, as if being able to provide an account of activity is a guarantee that an account is provided and that doing so affects performance in any way. It doesn’t, especially if the account is a web of lies.
So, today the big news is that, once again, the SCOTUS Hhas failed to come to the aid of Donald Trump in his quest to establish the supremacy of the Chief Executive. Although he has now returned to ordinary citizen status, the Congressional request to examine his tax returns from when he as President is not, I would argue. prompted by frivolous interest or personal animus, but by the Congressional assertion of legislative jurisdiction, similar to the SCOTUS interest in asserting judicial autonomy.
Example of a public scam?
In August of 2020, Congress passed the Great American Outdoor Act and earned enthusiastic support from the RV Industry. What was not widely publicized was that the money was to come from 50% of energy development miscellaneous revenues, not even regular income from oil and mineral leases.
Why he calls is “neo-liberal” is a puzzlement. Do they want to ibsist that economics is some sort of novelty?
American Trajectory to Tragedy
Now the question is was it inevitable and is it salvageable. I would argue yes, if the culture can embrace reality and sideline the idealists. The American Fiction in support of male hegemony cannot survive. Males need to be contained, to be house bound.
That’s the title of a recently published book by Dana Milbank about the Republican agenda over the last quarter century. Duh! I’ve been referring to destruction as an ideological agenda for eighteen years on this blog. So, Mr. Milbank would seem to be a bit slow. Indeed, I’d argue that the destructive national agenda came into its own with the First Gulf War and the “liberation” of household assets for “the market.” If women were not going to be returned to the household to provide unpaid labor and work for wages like the men who initiated the industrial era, then households might as well be converted into status symbols. Now we have a housing and homeless crisis because few are left to manage households.
Drivel from the Arkansas press
This deserves to be preserved.