“The world would be better off if people tried to become better, And people would become better if they stopped trying to be better off. For when everyone tries to become better off, nobody is better off. But when everyone tries to become better, everyone is better off.
Everybody would be rich if nobody tried to become richer. And nobody would be poor if everybody tried to be the poorest. And everybody would be what he ought to be if everybody tried to be what he wants the other fellow to be.”
Peter Maurin
As you may have heard a nor’easter will be blowing up the coast and through the northeastern US late tonight and tomorrow. They are talking about a foot and a half of snow with blizzard conditions nearer to the coast.
Fitting that the usual FOMC snowjob also begins tomorrow, with an expected rate hike of 25 bp on Wednesday. They must raise rates to keep the economy and particularly wages from overheating, or else we might experience inflation.
This from the Daily Kos: According to CBO, a 64-year-old with income of $26,500 pays $1,700 for ACA coverage. Under Ryan’s bill that person would pay $14,600. That is more than half their income.
This post was published at Jesses Crossroads Cafe on 13 MARCH 2017.
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