The conversative blogosphere exploded last week with reports that the Supplemental Nutrition Assistance Program(SNAP, a.k.a food stamps) usage had grown by 7,223,000 during Obama's first term.
This Explainer explores how the Gross Domestic Product (GDP) is used in measuring our economic growth and whether alternative measures are also needed to provide a more comprehensive outlook of economic progress.
Tomorrow’s fourth quarter GDP release will likely show a growth rate of around 1.1. percent, a substantial slowdown from the third quarter rate of 3.1 percent. Economists will report that this means the economic growth is slowing. Yet, as we ask continually, what is actually being measured by GDP?
It falls into the good-luck-with-that category, but nevertheless the Wisconsin Public Interest Research Group and nine other organizations have announced they’re forming a coalition aimed at getting the Wisconsin Legislature to put an advisory referendum on the ballot about the growing problem of unlimited campaign spending.
Even if you believe the U.S. should be running big deficits right now to stimulate growth, as I do, it is easy to grow deeply disturbed by projections of rising interest payments on the national debt in the coming years.
I don't generally worry too much about deficits or about U.S. debt held by foreigners. But in writing a post earlier today about interest on the debt, it occurred to me to investigate just how much money the United States pays out to China and Japan (our biggest economic competitors) every year in interest.
A scheme under consideration in Virginia to rig the Electoral College in Republicans’ favor could well violate a key provision of the Voting Rights Act, experts on the law say. But that very provision is itself under challenge by the GOP, and could be struck down by the Supreme Court later this year.
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Brenda Wright, a top lawyer at Demos and an expert on voting rights, agreed. “I think there would be strong arguments” that the change harmed minority voters, she said.
Using political power to keep employees from organizing unions can be highly effective. That’s one forceful lesson to draw from the new figures on union membership.
