This week's guest was Stephanie Kelton, with another primer on Modern Monetary Theory and why the United States can't go broke.
Sam Seder is hinting that he's been hit with a patent troll lawsuit on The Majority Report, where he talked to EFF's Julie Samuels, and to Bob Edgar about how Harry Reid killed filibuster reform.
Sam also talked to David Dayen about how Californians are turning back the tide of the anti-tax disaster in their state, and of course about banksters. Dday's article about the new California miracle is appeared in, of all places, The New Republic.
But California may not be fast enough to prevent energy companies from using up their water.
"Who can't be on Obama's 'kill list'?"
Wyden Statement on DOJ Memo on the Killing of Americans During Counterterrorism Operations: "Every American has the right to know when their government believes that it is allowed to kill them."
Lauren Feeny Breaking Down the DOJ Drone Memo
Rosa Brooks, "Death by Loophole"
Greg Mitchell: "Outrage Mounts in Media Over Obama Drone 'Kill Rules'"
And more from the Creepy President file:
Gaius Publius, "Obama: Social Security & Medicare cuts are 'very much (back) on the table': It's Tuesday, and Barack Obama has betrayed us again."
Obama names former oil company executive to head Department of the Interior.
"Former Target Store Manager to Oversee Nation's Nuclear Security" - I don't mind that he's a former Target store manager, but I do mind that "he came to Target after leaving Malmstrom Air Force Base in July 2008. From 2005 until 2008, as the commander of Malmstrom's 341st Security Forces Group, he was in charge of security for 200 intercontinental ballistic missiles in central Montana, according to Katrina M. Heikkinen, a spokeswoman for the base. In November 2008, the Air Force Times reported that the 341st Missile Wing had failed its "nuclear surety inspection," which takes place every 18 months, after problems were found with maintenance, and also with the program that monitors access to the nukes..."
"Every California Right Wing Smear Campaign Has Been Paid For By One Deranged Trust Fund Baby Who Spent Much Of His Life In An Insane Asylum." And that's not just a local problem.
"Americans shocked to learn that there isn't actually a Social Security crisis"
"It turns out nearly all Americans love Social Security [...] A poll commissioned by the National Academy of Social Insurance (NASI) asked people about a menu of options, from raising to retirement age, to cutting benefits, to increasing taxes. Here is the package of reforms supported by 71% of respondents..." I have one big quibble with this - the menu doesn't appear to list the option of putting the retirement age down to something more reasonable. There's really no reason it can't be lower. In fact, it wouldn't hurt to lower it to 55, and would vastly improve the economy.
"Feds file suit over S&P mortgage bond ratings: The Justice Department late Monday hit Standard & Poor's with civil fraud charges, alleging the nation's largest credit rating firm gave overly rosy appraisals to securities that led to the national financial meltdown."
Thanks to commenter ksix who points to Naked Capitalism for "Tom Ferguson Saw the Disheartening Future of American Politics 25 Years Ago: Nathan Tankus found this archival video (you are going to get a gas out of the production values... and be patient with the set up, it takes a few minutes for the video to get going). As strange as it may seem, analyzing politics in terms of money was a radical idea in political science 25 years ago. But if you simply followed the money, it was actually remarkably easy to see the direction in which American politics were destined to go. Notice, for instance, that he points out how dependent Democratic party funding was on investment bankers and real estate....in 1988...and what that meant for party strategy. (An interesting bit is also how the role Japan played is not that different than the one now played by China, except back in the 1980s there was public concern about Japan, and now there is pretty much zip re China)." Ferguson warned that, "The choice for the Democrats in 1988 is between Roosevelt and Grover Cleveland." That was the primary season in which, until the media overtly turned against him, the front-runner had been Jesse Jackson. The Democrats picked Dukakis instead.
It turns out that Sean Wilentz didn't think much of Oliver Stone's trek through American history because it wasn't an apologia for the status quo. Oh, dear. (And while I was checking out the comments, I found a link for 9/11 in five minutes, which reveals the craziest conspiracy theory of them all.)
"Beltway-aired Super Bowl ad goes after union card check: This Sunday, legislative attempts to restrict union power found an audience among Super Bowl viewers. Football fans in the Washington, D.C. area were treated to an anti-card check ad from the conservative Center for Union Facts (CUF) right before kickoff."
Not that I was feeling a crying need for a third competitor with Coco-Cola and Pepsico, but here's how your media helps to preserve their duopoly.
Michelangelo Signorile on "Ed Koch and the Corruption of the Gay Closet [...] To those who claim we suffer no ramifications from closeted public figures, I offer Exhibit A of how the combination of the closet and power corrupts: Edward I. Koch, mayor of New York City from 1978 until 1989 and widely assumed homosexual, who died on Friday at the age of 88. At this very moment, there are closeted gay politicians in Washington and across the country voting against gay rights in part to cover for themselves, driven by personal ambition. They are dangerous individuals, wielding power while harboring a secret they're pathologically afraid will out itself, abusing and terrorizing those close to them as well as many others
"Lie After Lie After Lie: What Colin Powell Knew Ten Years Ago Today and What He Said"
The Obama administration would never ever ever ever leak. (Also: How the world is ruled.)
"Anonymous publishes login, contact info, for 4,000 top US bankers: From ZDNet we learn that the group Anonymous seems to have struck a blow in retaliation, in part, for the suicide of hacker Aaron Swartz."
Scary note in the latest Ansible under Random Fandom: "Brian Ameringen reports an alarming letter in Sheppard's Newsletter 298, from a Cambridge mail-order bookseller who learned that since 14 January his local Royal Mail depot would no longer accept overseas printed-paper mailings, supposedly owing to changes in the International Civil Aviation Organization's Technical Instructions for the Safe Transport of Dangerous Goods by Air. Books, and thus printed fanzines, are Dangerous Goods? It's not at all clear whether they're being regarded as 'flammable solids' (though not very) or potential pornography - the only applicable-seeming classifications in the Royal Mail guide to prohibited and restricted items."