Monthly Archives: August 2017

THE DEMOCRATS’ “A BETTER DEAL”

Congressional Democrats have announced a package of policy proposals they are calling “A Better Deal.” It’s apparently their policy platform for the 2018 Congressional elections and its focus is on re-establishing Democrats as the party that stands up for working people. It proclaims that too many American families feel that the rules of our economy […]

PROTECTING CONSUMERS FROM WALL STREET

The collapse of the financial corporations in 2008 was due in large part to their predatory and illegal practices in pushing unaffordable home mortgages onto gullible home buyers. Congress and President Obama enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act (known as Dodd-Frank) to help protect consumers from such abusive behavior. Dodd-Frank’s most […]

PROTECTING OUR ECONOMY FROM WALL STREET SPECULATION

After the collapse of the financial corporations in 2008 due to their greed, predatory and illegal practices, and malfeasance, Congress and the President enacted legislation to try to prevent such a collapse in the future. This was the Dodd-Frank Wall Street Reform and Consumer Protection Act (known as Dodd-Frank). The Dodd-Frank law is not as […]

THE CASE FOR SINGLE-PAYER HEALTH INSURANCE

Our private health insurance system is not working. As I outlined in my previous post, there are three core problems with our private health insurance system: By fragmenting the pool of insured people and allowing some to opt out, the basic theory and efficiency of insurance is undermined. Private insurers have no financial incentive to […]

WHY PRIVATE HEALTH INSURANCE DOESN’T WORK

The health insurance system in the U.S. has been getting a lot of attention lately, focused primarily on Republicans’ efforts to repeal and replace the Affordable Care Act, often referred to as Obama Care. The policy alternatives that have been presented would increase the number of people without health insurance and increase costs or reduce […]