Dems Dangerous Debt Dance with Bluegal

16 April 2018 – There comes a time in every federal budget cycle when I have to find a way to talk about debt and, specifically, the Dems dangerous debt dance. This time I decided to switch things up and invited Frances Langum (Bluegal), from my favorite podcast, The Professional Left, to interview me and to provide push-back. Fran is someone for whom I have enormous respect but, like 99% of the Dems out there, she comes at economics from a purely Keynesian perspective…and that’s what I wanted. You are going to love the conversation and, I hope you find it an interesting way to get the MMT message out.

At the top of the show I refresh the information about the Rapid Response events taking place when (if) Trump does any of the following:  fires Robert Mueller, fires Rob Rosenstein, pardons any key witnesses. Please go to Nobody Is Above the Law to register for the event closest to you. Our democracy cannot be allowed to go down without a fight. Also, on the day you can tune in to Netroots Radio for a live stream as events unfold.

During the rest of the show Will covers an item you may have missed on your news feed, the angry Scottish badger, as well as some of the larger issues surrounding the US/UK/French strike on Syria. I get into Mick Mulvaney’s appearance on Capitol Hill to give his bi-annual report from the CFPB. Both Joan McCarter, of Daily Kos, and David Dayen, for The Nation, covered this particularly well.

Be vigilant folks, things are getting real. – Arliss

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Darlene McDonald for Congress

14 August 2017All across the country incredible first-time candidates are entering the political fray. Darlene McDonald (@VoteDarlene), running in UT-4, is an articulate, accomplished, woman with a truly compelling backstory. This is the very kind of candidate who has the ability to change the Democratic party…and I don’t mean only if she wins. Darlene’s message, story and her campaign carry the voice of the party in the way no amount of tweeting, blogging or, frankly, podcasting, every will. Darlene is precisely how and why the Democratic party will shine and grow in the future and we LOVED having so much time to talk with her. We think that after you hear from her you will want to support her and we look forward to having her back as the race heats up.

Will threw down the gauntlet in the Lying Liar Lie of the Week segment describing some of the abuses perpetrated by the new Netflix show, What the Health. Will makes the point that someone with a doctorate in English advising on health and health-related issues is disingenuous at best. Sadly, for Will and for all of us, I soundly defeated him with the report, from Alex Thompson at Vice News, that Trump gets a 22 to 25-page report twice each day full of all the positive things said about him on cable news, Twitter and the like. Inside the administration this document is called the Propaganda Document. Unlike past administrations, which collected media in order to judge the public mood positive or negative, only positive media is forwarded to Trump and the intention is strictly to fluff his ego. (Yuck!)

Will hasn’t taken us to Scotland lately and, of course, we knew that couldn’t last! For the past few years, HMRC has been engaging in what might be called “Willful Incpompetence” when it comes to measuring the Scottish Economy. As far as various sectors of Scotland’s economy are concerned (including two of the biggest, oil and energy) HM Revenue and Customs has been allocating Scotland’s economic activity to an “Unknown Region” because they simply didn’t want to do the work to determine where said economic activity was actually occurring. Recently, they were forced to update their figures revealing that they had been understating the value Scotland’s Oil exports by about 90%. This equates to 15 Billion worth of revenue that was allocated to an “Unknown Region,” and these updated figures still do not give an accurate accounting of Scotland’s economic activity.

I finish-up my three week run on Dodd-Frank and the efforts by the administration to change the Volker Rule both by legislation and just by reinterpreting enforcement. Dodd-Frank and the Volker Rule seem like distant things which are way above the “pay grade” of most of us but the fact is that these are the rapidly breaking walls which are holding back the surge of another financial crisis just like the last one. The GOP and Wall Street have learned nothing. Fed Chair, Janet Yellen, and FDIC Director, Martin Gruenberg, are among the only (Obama appointed) regulators standing between the Trump hoard and their goal. Emailing them your support would not be a wasted effort. They need to know we are watching. Additionally, the Office of the Comptroller of the Currency has opened Volker revisions up for public comment. You are the public so go here to comment. It is not important that you be technical. Tell them your story and make sure they know you are paying attention.

I will be away for the next two shows but Will and our new team have got you. Carrots! – Arliss

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Charles Gaba & Elections!

29 February 2016 – This week, we talked Iranian, Irish, and Scottish elections. I discussed Labour’s demise in Scotland, and talked about how they’ve never recovered from the death of Donald Dewar. It looks as if Labour is heading for yet another defeat in the upcoming Holyrood elections.

Arliss went over some banking terms (I know! What could possibly be more exciting?) because the jargon of the financial industry is a language of obfuscation. In order for us to understand what the heck these people are talking about, we need to learn what is essentially a separate language. That’s by design. If nobody can understand the words Banksters use to describe what they’re doing, then nobody can legislate against them. This is the first of a multi-part series which will get deeply into the weeds of banking reform.

Following that, we had a fantastic conversation with Charles Gaba (aka Brainwrap) of acasignups.net, who talked about the massive entity that is the US healthcare system and some of the options available for healthcare reform. He explained to us how even minor changes in theory become sweeping changes in practice, and we discussed in detail how Marco Rubio and the GOP killed even the modest Co-Op non-profit options that we sought to create when the Public Option was blocked.

Thanks for listening, everyone, and we’ll see you next time!

Will

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