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Author: jwelcome

Will Someone Rid Biden of This Meddlesome Filibuster?

Matt Smith/Shutterstock For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.Over at New York magazine, Gabriel Debenedetti has a long article on what President Biden would do about the filibuster if Democrats take the Senate. One of the people Debenedetti spoke to is Sen. Chris Coons,…

No, Debt Is Not at Scary Levels Right Now

The Wall Street Journal regurgitates concerns about growing debt today, promising 14 charts that tell the story. It’s a weird collection of charts, though, one that seems almost determined not to show debt levels in their simplest form. So here they are. First, corporate debt: This does not look especially scary. Now here’s household debt:…

Personal Income Fell Again in August

Personal income dropped again in August: To provide a bit of context, I’ve included the trendline for income through the end of 2019 and then extended it through August. It shows that income in August is about what it would have been if there had been no pandemic and no special assistance. When we get…