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Dear Dr. Dollar:
In his book Colossus (2004), Niall Ferguson argues that a major problem with Social Security and Medicare is their underfunded liabilities--to the tune of $45 trillion. Ferguson uses a 2003 report by Jagadeesh Gokhale and Kent Smetters to substantiate the seriousness of the issue. Can you comment on
Ponzi Collapses Nearly Quadrupled in '09 (AP)
From the Associated Press: Read the rest of the article.
Appeal to Our Blog Readers
Dear Regular Visitors to the D&S blog: If you read postings to the D&S blog via
$57,077.60, Surging by the Minute (Jo Comerford)
Tom Engelhart's last post of the year over at TomDispatch, is In Nightmares Begin Responsibilities: Why War Will
Krugman vs. Hudson on Samuelson
I was alerted by this post on Naked Capitalism to a back-and-forth between Paul Krugman and Michael Hudson on Paul
Bernanke, Time, Senate Banking Committee
Well the New York Times website is reporting that the Senate Banking Committee just approved Ben Bernanke for a second
Howard Dean: Kill the Senate Health Care Bill
From a Vermont Public Radio broadcast from Tuesday: Hear the segment.
Who Really Saved The Global Economy?
According to this Observer article, it was the global drugs lords: their money laundering activities provided the required marginal capital
Stop Usury Now (William Greider)
From The Nation (but: do not take this as an endorsement of Martha Coakley—some of us voted against her
Left of Obama
Caught a broadcast today on a Boston NPR station of an Intelligence Squared–US debate over the proposition: “Obama’s
More Sit-Ins for Single-Payer, Thurs. Dec. 10th
The Mobilization for Health Care for All, about which we have blogged several times, is having another Day of Action
Copenhagen Climate Talks
The long-awaited talks start today, with progressives mostly pessimistic about the outcome. Bill McKibben makes a case for pessimism at