There is a clear connection between income insecurity and marriage. More specifically, the lack of it. In an era where fewer people are marrying, full employment policies and the job guarantee is the best way to strengthen family financial stability, says Economist Professor Bill Black. A job guarantee program would also allow for the closure of one of the great perception gulfs between progressives and conservatives.
Former chief economist to Vice President Joe Biden, Jared Bernstein claims Republicans are hypocrites about the federal budget deficit, pretending to care when the Democrats hold power, shrugging it off when Republicans pass tax cuts for the wealthy. The truth is Republican elites haven’t cared about the deficit for decades, Democrats would do well to do the same and stop claiming to be the Party that “really cares” about the deficit. That politically attractive pose is not simply dishonest and financially illiterate, it is also a trap.
The perpetrators of the Global Financial Crisis have been allowed to keep their jobs and the proceeds of their crimes. Claims by Federal Reserve Chair Janet Yellen that no new crisis will grace the US within her lifetime reveal the stunning complacency that have allowed these complex frauds to continue.