Weekend Reading

The U.S. Only Pretends To Have Free Markets
So We're Supposed To Treat Donald Trump With Respect, After All This? Oh, Hell No
Elizabeth Warren's Plan To Pay For Medicare-For-All, Explained
Elizabeth Warren Proves She Does Her Homework With Impressive Plan To Fund Medicare For All
Senator Warren's Answer On Taxes And Medicare For All Is Exactly Right
How Elizabeth Warren Can Address The Medicare For All Question
The Happy, Healthy Capitalists Of Switzerland
Upgrade The New Deal, Riemer Declares
Everyone Deserves Clean Water
For Elizabeth Warren, The Wealth Tax Is About More Than Money
United States Spend Ten Times More On Fossil Fuel Subsidies Than Education
Thousands Of Scientists Around The World Declared A Climate Emergency And Warned Of "Untold Suffering"
The Debate Over Whether The Very Rich Pay Lower Taxes Than You, Explained
Unions Are Pushing Members To Run For Office - And It's Paying Off
We Get It, Rich Guys Are Not Into Elizabeth Warren
If Corporations Are Being Run To Maximize Returns To Shareholders, Why Are Returns So Low?
Did Warren Pass The Medicare Test? I Think So
Only A Global Green New Deal Can Save The Planet
Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
If You're So Smart, Why Aren't You Rich? Turns Out It's Just Chance

Sunday Reading

Why Private Equity Firms Like Bain Really Are The Worst Of Capitalism
Supply-Siders Still Push What Doesn't Work
The U.S Is The Sick Man Of The Developed World
Celebrating Greenspan's Legacy Of Failure
More Minimum Wage Distraction, Stuart Varney Edition
John McCain Is The Perfect American Lie
30 Firms Earn Half Of The Total Profit Made By All U.S. Public Companies
S&P 500's Biggest Pension Plans Face $382 Billion Funding Gap
Democrats Are Finally Waking Up To The Monopoly Problem
A New Deal For Wall Street

Under Sanders, Income & Jobs Would Soar

Under Sanders, income and jobs would soar, economist says

If Sanders became president -- and was able to push his plan through Congress -- median household income would be $82,200 by 2026, far higher than the $59,300 projected by the Congressional Budget Office.

In addition, poverty would plummet to a record low 6%, as opposed to the CBO's forecast of 13.9%. The U.S. economy would grow by 5.3% per year, instead of 2.1%, and the nation's $1.3 trillion deficit would turn into a large surplus by Sanders' second term... 

"Like the New Deal of the 1930s, Senator Sanders' program is designed to do more than merely increase economic activity," Friedman writes. It will "promote a more just prosperity, broadly-based with a narrowing of economy inequality." ... 

Friedman, however, argues that Sanders' plan would be more stimulative because it is pouring money into the economy, as opposed to cutting taxes. Several of Sanders' proposals -- such as spending $1 trillion on infrastructure -- will happen in the first few years of his administration.

Mapping The New Deal

The Living New Deal Project at UC Berkeley has released an awesome interactive map showing every New Deal project in the country. Since the New Deal spanned from Alaska to Puerto Rico and Panama, you need a very wide view to take it all in:

Today, with interest rates at record lows and no inflation in sight, you might think the government would be undertaking a comparable surge of investment projects. Instead, after a brief-but-significant boost in 2010 associated with the federal stimulus bill, government investment has been falling:

[source]