It gets a little complicated, but we’re going to drill down into some new economic data from two new analyses, showing that contrary to what Mitt Romney and his economic hatchet man Paul Ryan claim, ending the Bush tax cuts for the wealthy will not, repeat, will not hurt the economy or job growth.

Economist Simon Johnson, co-founder of the popular blog, The Baseline Scenario, joined us here today at the AFL-CIO for a discussion of his new book, White House Burning: The Founding Fathers, Our National Debt and Why It Matters to You. Co-authored with law professor James Kwak, White House Burning shows why the debasement of our political system in the 1980s and 1990s has produced a dysfunctional Congress that perpetuates our debt-based economy.

Johnson, a professor of entrepreneurship at the MIT Sloan School of Management, joined us in a Q&A on his findings and analysis of where we go from here.

In a nationwide advertising campaign getting underway this weekend, AFGE members are calling out Republican lawmakers for supporting a plan to pay for the payroll tax relief extension by slashing federal employee wages.

The 229 Republican House members who voted to kill unemployment insurance UI benefits for the long-term jobless and a payroll tax cut for working families are home for the holidays. But they will be getting some visitors who likely aren’t on their holiday parties guest lists.

UPDATE: The Republican-controlled House Rules Committee early Tuesday morning voted to block a full House vote on the bipartisan Senate compromise that extends unemployment insurance (UI) benefits for the long-term jobless. The current program expires Dec. 31.

House Republicans tonight are expected to reject a bipartisan Senate compromise that extends unemployment insurance (UI) benefits for the long-term jobless and also extends the payroll tax cut for workers and employers. Without House approval, the UI benefits and tax cut expire Dec. 31.