Economics
HOW WOULD YOU SPEND $1 TRILLION?
If you could set the priorities, how would you spend the money? Look at current Federal budget priorities and vote for how you would prioritize funds.
WEALTH AND MONEY PART VIII: FRACTIONAL RESERVE BANKING
It started with goldsmiths. As early bankers, they initially provided safekeeping services, making a profit from vault storage fees for gold and coins deposited with them. People would redeem their "deposit receipts" whenever they needed gold or coins to purchase something, and physically take the gold or coins to the seller who, in turn, would deposit them for safekeeping, often with the same banker. Everyone soon found that it was a lot easier simply to use the deposit receipts directly as a means of payment. These receipts, which became known as notes, were ...
POVERTY IN WISCONSIN IS HIGHEST IN 30 YEARS
Poverty in Wisconsin hit its highest level in 30 years between 2010 and 2014. 738,000 people were living in poverty--a 20% increase from the previous five year period.
Inequality is worse now than in 1984. Poverty increased more dramatically in Wisconsin than many other states and is increasing at a faster rate.
239,000 (or one in five) children are living in poverty. This is 18.5% of Wisconsin’s children—a dramatic increase of 50,000 more children from the period of 2005-2009.
Research shows that brain development in children is affected by poverty due to ...
WEALTH AND MONEY PART VII: PUBLIC BANKING AT THE CITY AND LOCAL LEVEL
Saving banks at any cost, making the public pay the price, foregoing a firm commitment to reviewing and reforming the entire system, only reaffirms the absolute power of a financial system, a power which has no future and will only give rise to new crises after a slow, costly and only apparent recovery. The financial crisis of 2007-08 provided an opportunity to develop a new economy, more attentive to ethical principles, and new ways of regulating speculative financial practices and virtual wealth. But the response to the crisis did not include rethinking the outdated ...
DEAR DEMOCRATIC NATIONAL COMMITTEE
DEAR DEMOCRATIC NATIONAL COMMITTEE
First, permit me to introduce myself. My name is John Spiegelhoff and I am a middle class voter in the Midwest. I think it is appropriate to inform you that I have voted Democratic since as long as I have been a registered voter. I have financially supported Democratic candidates mostly at the state and local levels. Since-really-all politics are local. Or so I have heard.
So with that in mind, I wish to respond to your survey but not on the mind numbing pre-fill form that you sent me along with the obligatory “send us some ...
UPDATE ON PULP AND PAPER INDUSTRY IN WISCONSIN
By Nancy Stencil 86th Assembly Candidate / www.stencilforassembly.com
Wisconsin Welcomes You” is the visitor friendly message on the highway signs along our borders. Five years ago an additional notice was suspended underneath: “Open for Business.” Our state (unlike before, presumably) had now instantly transformed into a place for limitless corporate opportunity-and profit! A plethora of jobs awaited just beyond the horizon, and an era of stagnation, never quite documented but loudly proclaimed, was finally over.
One business that Wisconsin has ...
WEALTH AND MONEY PART V: THE FEDERAL RESERVE BANK
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” - - Abraham Lincoln
"We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is because it says “Federal Reserve.” It belongs to private banks, private corporations. ...
WISCONSIN CAN HELP WORKING FAMILIES WITHOUT SPENDING A DIME
(Mandy Wright is a candidate for the 85h Assembly District of Wisconsin)
When I was a kid growing up just outside of Wausau, my parents knew how to be frugal, so we’d have enough for the future. My mom grew up on a farm and made a ham dinner that turned into sandwiches, then into ham salad, and finally, she’d boil the bone for split pea soup. Now split pea soup is my kids’ favorite dinner.
We should apply the same frugality to our hard-earned tax dollars, so our families and communities will have enough for the future. Despite all the fiscally conservative ...
WEALTH AND MONEY, PART IV: THE CREATION OF MONEY AND DEBT
The prescient fears of Jefferson and Stamp have come to fruition. In America and around the world, governments are crippled with debt. Nation upon nation is said to have overspent and now must pay the price.
GET BIG MONEY OUT OF POLITICS
The massive amounts of money spent on “buying” elections is a far bigger problem for our country than the immigration and welfare programs providing food, shelter and medical care for those without the means to cover their basic needs.
Huge campaign contributions made by fewer than 200 wealthy individuals and families have helped elect candidates supporting the passage of laws allowing:
Pharmaceutical companies to charge outrageous amounts for critical drugs.
Wall Street CEO’s to break laws and escape by paying fines which are smaller ...
