Student loan defaults are up. AZ leads the nation.
by David Safier More students are defaulting on loans across the country. For-profit colleges lead all others in the percentage of students defaulting. And Arizona leads the nation in defaults, probably because we're the home of for-profit giant, University of Phoenix. Advertisement I've read three articles in the past few days, each of which adds … Read more
Screw ‘austerity,’ what the economy needs is stimulus
Posted by AzBlueMeanie: Two economic reports today demonstrate that GOP economic policy is always wrong, always. The International Monetary Fund (IMF) reports that the European "austerity" that Tea-Publicans point to for massive budget cuts here in the U.S. increases unemployment and reduces paychecks — something that GOP economic policy has been doing for years. IMF: … Read more
AZ’s proposed revenue-neutral flat tax shifts tax burden from rich to the rest of us
by David Safier About 200 people attended the very informative Flat Tax Forum Monday night, hosted by Sen. Paula Aboud. It's possible to get deep in the weeds in discussing the flat tax legislation proposed by Rep. Steve Court last session which is likely to resurface in 2012, but here some of the important points. … Read more
New Census Data on the Bush Great Recession
Posted by AzBlueMeanie: H/T Ezra Klein's Wonkblog. Suzy Khimm posts The Great Recession in five charts: How brutal has the recession been to U.S. households? Americans are earning even less than they did 13 years ago. That’s according to new Census data released Tuesday, which found that real median income fell to $49,445 in 2010, … Read more
Dr. Seuss explains the health care cost ‘arms race’
Posted by AzBlueMeanie: H/T Ezra Klein's Wonkblog. Sarah Kliff posts Dr. Seuss explains health policy: I’ve written a decent amount on the complex impact of the growing health care sector, which has included both more jobs (good) and higher costs (bad). Gregory Warner at Marketplace, however, has done me one better: he’s turned that story into … Read more
Foreclosuregate Update: Another AG takes a stand against immunity from liability for the banksters of Wall Street
Posted by AzBlueMeanie: Matt Browner Hamlin posts at Americablog.com More AGs drawing lines in the sand on bank settlement talks: Minnesota Attorney General Lori Swanson has written a very powerful letter to Iowa AG Tom Miller, NY AG Eric Schneiderman and an associate AG at the Department of Justice stating where she stands on the … Read more
(Update) Russell Pearce Recall
Posted by AzBlueMeanie: The Arizona Supreme Court takes up "King" Russell Pearce's challenge to his recall election today. The Supreme Court will not hear oral arguments and the justices will make a decision behind closed doors on Tuesday. They will base their decision on written arguments submitted by the parties. A decision is expected before the … Read more
