the cash cowing of hostess.... in pig english its fucking looting

we nearly elected

this  leading acolyte of the golden cash cow cult


president  of the united states


if it was up to the male white wage class we would have


america is a cash cow

the globe's biggest
infra  structure depletion allowance

can't see this too fucking often !

http://www.frbatlanta.org/chcs/calculator/?d=1&s=tw


one of the shit slide aspects of the atlanta job growth calculator

it doesn't show expansion and contraction rates as percent of job force

the performance since the reagan rev would really look aweful on that basis

and now .....?

hell hath no more miserable  or deeper trench

kids just wanna live home :old news but still big news

job status?

"more than two out of every three unemployed workers will enter 2013 without receiving any form of unemployment insurance "

more "good news"  from the economix hornet

dethrowining long time top kick credit cards ....student loans new delinquency champs

owen's  area  lode stone comments deftly:

"This  milestone may be misleading
' delinquency rates for student loans are likely to understate actual delinquency rates
 because almost half of these loans
are currently in deferment or in grace periods
and therefore temporarily not in the repayment cycle.
 Among loans in the repayment cycle delinquency rates are roughly twice as high.' "

"It’s worth mentioning, by the way, that student loan debt cannot be discharged in bankruptcy"

MORDANT WIT

doing no where may simply mean we already arrived

" Department of Education data show that reading and math achievement
of 17-year-olds
 – the end product of our K-12 educational system –
has not improved over 40 years,

  despite a 90 percent rise in real public spending per student ".

20k : the 40 year steady state mean street for our bottom 40

"Census Bureau data show that over the last 40 years, average yearly income of the bottom 40 percent of U.S. households – now at $20,221 – has changed little after adjusting for inflation."

“a human cliff.” ? extended UEB ...uncle pulling out come the cliff ?

"the federal government has spent some $520 billion on unemployment insurance over the past five years:"

" two programs  are  set to shrink
 the Emergency Unemployment Compensation program,
which provides up to 47 weeks of additional benefits
(depending on a state’s jobless rate)
and
 the Extended Benefits program,
which provides another 20 weeks to certain eligible workers"


"fully extend both programs for another year"

 cost  ?

" $30 billion"



if uncle 86's this extension program
  some estimate  beneficiary drop off might hit a cool million by april
on its way to two million eventually

over the cliff they go ....ghosts in the reserve army

http://www.cbo.gov/sites/default/files/cbofiles/attachments/11-28-UnemploymentInsurance_0.pdf

"short answer is that because Social Security exists, the Treasury Department had to borrow less money from the public in the past few decades, when Social Security was running surpluses; but in the future, the Treasury will have to borrow more money from the public, because the Social Security trust funds will be redeeming some of those special Treasury bonds."

oh hell here's the whole column

"Payroll taxes and corporate income taxes accounted for an equal share of federal tax revenue in 1969. By 2009, payroll taxes generated more than six times as much revenue. We’ve become reliant on payroll taxes, and a goal of a tax overhaul should be to reform and reduce them, permanently.
First, some background. The share of federal tax revenues coming from payroll taxes has doubled since the 1970s, to about two-fifths of revenue. The payroll tax, underwriting social insurance programs, nearly surpassed the individual income tax as the single largest source of federal tax revenue in 2009.

Source: Office of Management and Budget Historical Table 2.2

Since payroll taxes finance Social Security and part of Medicare, cost growth in these programs pressures policy makers to raise those taxes. In particular, pressure from the Social Security disability insurance program and Medicare Part A has been intensifying.
The number of disability recipients has increased nearly sixfold since 1970. Disability outlays exceeded revenues by roughly $34 billion in 2011. And costs are likely to continue growing because shrinking labor market opportunities for noncollege-educated workers are likely to continue well past this recession. The Congressional Budget Office’s long-run projections for the program support this conclusion.
Pressure on the payroll tax from Medicare Part A is even worse. Health cost growth has steadily outpaced inflation, and the pattern shows no sign of abating. Fundamental economic forces – such as Baumol’s cost disease, which describes the phenomenon of rising costs in industries less conducive to automation – will most likely continue to increase health care costs steadily.
The primary argument for severing the link between these growing programs and the payroll taxes is that the tax is regressive: It uses a flat rate on income up to $110,100, does not apply to most income above that threshold and does not apply to nonlabor income, like capital gains. Because of this relatively regressive nature, payroll tax cuts tend to be a more effective stimulus than typical income tax cuts – and thus are a more effective way for Washington to respond to recessions.
Despite these features, AARP and other groups often resist payroll tax cuts out of a fear that the cuts will undermine the future of the safety net (even though the cuts are fully paid for out of general revenue). Permanently breaking the link between payroll taxes and both disability and Medicare would allow the tax code to become more progressive – and do more to offset inequality – without creating political problems when the business cycle calls for fiscal stimulus.
Obviously, the government would need other revenue if it severed the link between payroll taxes and the safety-net programs. One option would be to limit tax breaks, as Congress and the Obama administration have recently discussed. Others include phasing in a carbon tax, raising top marginal rates slightly or overhauling the tax code to use a progressive consumption tax that encourages saving.
The country is almost certain to face higher costs for health care and for an aging work force whose skills are being outpaced by technology. But there is no reason those costs must be borne by a regressive tax vulnerable to recurring struggles over economic policy."

bi partisan payroll heist caper

 

forget the collapse of the corporate income tax

 

 "The payroll tax...nearly surpassed the individual income tax

as the single largest source of federal tax revenue in 2009."

why no more rent subsidy barry ?

unassisted tally heading toward  9 million households

up close to 3  million since the crisis of 08

of course rent controls might help eh ?

refundable rental tax credits funded out of mortgage deduction roll backs

flex hours are not reflex hours

the chart tells us nothing about the new scheduling squeezers

"Only 64 percent of men over 25 with only a high school degree were employed in October; that number was 72 percent a decade ago."

todays read em and weep numbers

December 1940 ( 10,847)
December 1944 ( 15,659)
December 1952 ( 15,973)
December 1960 ( 14,947)
December 1968 ( 18,410)
December 1976 ( 17,719)
December 1978 ( 19,334) (High)
December 1980 ( 18,640)
December 1988 ( 18,025)
December 1992 ( 16,768)
December 2000 ( 17,178)
December 2007 ( 13,743)
December 2008 ( 12,849)
December 2009 ( 11,466)
December 2010 ( 11,575)
December 2011 ( 11,808)

October 2012 ( 11,966)

ford's river rouge in its  hay day :

punch out time


where'd the jobs  go ....?

attendez :富士康科技集團

lunch time at "Foxconn City"

hiring the butcher to raise the cattle ?

the cattle voted  NO !

the paine principle housing :bubbles are us

"look ......forget ranting about the house lot bubble":



"its all just part of the usury macro policy cycle

get it ?

USURY  macro
   is the major outcome when a homeostatic credit rationing system
   is used  to regulate wage rates


ya that's eccentrically phrased and deeply compressed

 but
if not a house lot collateral buibble
what else can induce adequate effective demand ?

if wages are systemically suppressed

trade is out of balance

 and
spontaneous market mediated income distribution
is ever more skewed toward high acumulators
not high spenders

we have either structural deficit or stagnation  problems

reagan supply side got growth all right

in the value of relatively scarce  assets
that
and the credit hop up
keeps brewing  asset  bubble trouble

asset bubble trouble
that is our present arrangement's middle names


my pal owen paine kicks this around so ....

making up stories

Fractional payroll tax funding of social security

the medicare part b model
analogue to premiums
     the tax on job earnings
the balance
 some pre set percentage of  actual pay out
   coming from general revenues and borrowings

we could go to that system tomorrow

The struggle for perpetual full employment

what if we still had the social production system nixon rode ?

Figure 2

see red  if only
to blue actual
 

now the lost jobs are the old better paid routine jobs

 --think unionized primary industrial  producers--

 

      the killing fields produce   mcshitniki jobs to replace the old well paid routine industrial jobs

now its employment growth post  recessions
                     "unevenly distributed across pay"
  ie
"  concentrated in high- and low-wage occupations"

per capita employment in routine occupations (in log levels) from 1967 to the end of 2011

notice the post contraction rebounds ...till the 90 recession
that one and since

welcome to the intensifying
non mcshitjob killing field
 recessions

cross

Obama v. Romney => Target v. Walmart ?

"Obama v. Romney, the latest iteration of the quadrennial Coke v. Pepsi (or, at best, Target v. Walmart) sales campaign that our presidential elections have become"

wrong its walmart v cosco
and that's a fuckin real choice

the desperate quietation of the voting booth

you might feel feeble..you might feel safe
    you might feel a lot of different stuff
 as you prepare  your ballot  behind the pulled curtain

yes its like taking a dump
and  all our  shits
 likewise   flow  together  and down into the sea

phantom shit that leaves only marks on the toilet paper

we the lesser weeble

i really like mike whitney ...a lot
we've corresponded :
http://www.counterpunch.org/2012/11/05/no-more-years/

but ....read this


"If  you were asked to choose between candidate Hitler or candidate Mussolini ....
 the right choice would be to abstain entirely expressing your view that the balloting was nothing but a wretched farce"
 yup

". Isn’t that what we should be doing now, denouncing the process by refusing to participate in these faux elections?"

nope

 because ...well we aren't choosing between two brands of fascism

this is not one of  " these faux elections"


 mike goes on to aknowledge the first part himself:

" Obama is not Hitler and Romney is not Mussolini "

and as to the second part
  despite barry's "... horrendous record on civil liberties"
 we here in the metropole are exceptional enough
 to still live inside  a set of  bourgeois liberal instititutions
with all that doesn't entail


. " A vote for Obama means that one tacitly accepts
 that personal freedom and human rights can be arbitrarily suspended
by the executive and that the state can grab you, throw your ass in prison,
 torture or even kill you without due process, without charging you with a crime,
 without a jury of your peers, without probable cause.."

yup it indeed does if the administration sticks to well certified evil  marginals
and keeps the numbers down

but listen

to me a signifigant difference in  the role of uncle
 in labor relations alone is sufficient
to get out and make a barry win
one vote more likely...... in a purple state


more generally
              going to the polls in north america is always worth it

even if its a single ballot question at the state level that might make a difference
some thing on the ballot makes it "worth it "

and on the gaseous level

going to the polls registers your participation in a  democratic celebration
shoddy as it may be

is it in the final analysis
just  a secular analogue to  baptism or extreme unction  ?

of course it is

 most of the time
            for most of the weebles
but not all of the time for any of the weebles

"all arms with which to fight must be drawn from society as it is "

uncle sponsored and funded job change bonuses

another eve abel   provo -Rx

eve has life time injection plan

life time jobn hours becomes the basis for you earned dividend

yours even in retirement
yours even after death