This week all eyes have been on the JP Morgan market manipulation trial, where three former employees are accused of manipulating valuable metals futures to make a boatload of money for themselves and the bank. While ‘market manipulation’ sounds like some complicated white collar crime, it’s really just a business term for ripping someone off. These men would create the illusion of a larger demand … Continue reading Market Manipulation Is Just a Fancy Name for Fraud
Republicans are making the disastrous decision to politicize raising the debt ceiling— YET AGAIN. The debt ceiling, which is the legal limit on the amount of debt the U.S. treasury sustains, or the actual amount the U.S government is permitted to borrow, is vital to the stability of our economy. Since Congress spends more than it collects in revenue, it must allow the Treasury Department … Continue reading Republicans are Politicizing the Debt Ceiling–Yet Again
Although the framework of the bipartisan infrastructure plan has been largely agreed on by a group of both Democrats and Republicans, it was only a matter of time before the more extreme elements of the GOP tried to undermine the deal. And right on cue as the bipartisan working group is attempting to finalize the bill’s details, some conservative groups are now demanding that the … Continue reading Fix the Tax Gap, Fund the IRS
Under new rules that even Ebenezer Scrooge would find harsh, Trump’s Department of Agriculture is planning to cut over 700,000 Americans from SNAP benefits, also known as food stamps. This ruthless and misguided change is another move by the Trump administration in their continued effort to attack poor Americans simply for the misfortune of living in poverty.