Malcolm Mitchell

bills past due

Household Debt Rises: Bankers (and The New York Times) Cheer

Reading Time: 4 minutes Four days after my article on spiraling government and household debt appeared here, the lead story in the New York Times business section — “Living on a Borrowed Dime” — gave examples of Americans struggling with credit card debt, as well as banks earning soaring profits from their credit card businesses. It also reported that Read More

Federal Reserve Bank, Social Security

With Friends Like These, Social Security Doesn’t Need Enemies

Reading Time: 2 minutes An e-mail from Mother Jones this week carried a “sponsored message from the Progressive Turnout Project.”The message urged me to REPLY IMMEDIATELY to a “JUST IN” report: “Trump’s Budget SLASHES Social Security.”I know nothing of the Progressive Turnout Project, although following a link at the end of its message suggests that its business may be Read More