The Democratic nominee supported fiscal austerity and unfettered trade in remarks to bankers.
Voters are likely to remain dubious about candidates who offer only vague platitudes about key issues like jobs, wages, and trade without making firm commitments or offering specific proposals. The Maryland race has just begun, of course. But so far, it seems to point to the pitfalls of corporate "centrism" -- and the promise of economic populism.
The choice isn't between the wrong-headed austerity of sequestration and the failed austerity plan of Simpson-Bowles. Congress must choose to be on the side of women and their families, and against cuts in Social Security, Medicare and Medicaid.
American deficit hawks gathered in the nation's capital on Wednesday to commiserate over the collapse of the U.S. austerity movement, solemnly hobnobbing with political royalty to reminisce about the days when slashing Social Security seemed all but inevitable.
This policy shadow-boxing -- emphasizing the deficit while pursuing a separate agenda -- is illuminated by the fact that
Some in Washington are still obsessed with undermining this essential foundation of retirement security in America.
Pete Peterson's Fix the Debt CEOs Promote Austerity for the Masses, Expanding Wealth for the 1 Percent
Fix the Debt is the most recent incarnation of the Pete Peterson machine seeking imposition of austerity on the masses, ostensibly to address economic downturn.
Simpson and Bowles and austerity's other sales people aren't really economic thinkers. They're paid to pitch a product. They didn't invent austerity any more than Alex Rodriguez invented Pepsi. But what they're peddling isn't a soft drink. It's a lot worse for you than that.
“There’s more flexibility” for reporting capital gains income, Andrew Fieldhouse a federal budget policy analyst at EPI who
The adoption of this amendment by the Senate continues this trend, and moves forward an agenda that can significantly improve outcomes for young people and their families even in the constrained budget reality that our leaders at all levels face today.
Our Social Security system is vital to the economic security of our elderly, people with disabilities, children of deceased workers, and others. Whatever we do, we should disregard Wall-street funded reports urging us, under false pretenses of accuracy, to cut Social Security benefits.
I can only think of this metaphor, which I believe is apt: There's a ticking time bomb in your living room, you know the bomb will certainly explode in 10 to 15 years, and you choose only to reassure your family, "There is no 'immediate' danger." That is pretty much the situation we face today.
In addition to his current duties as professional-liberal-even-Joe-Sixpack-can-love on MSNBC, Ballard Spahr court jester, Rendell is currently co-chairing the steering committee of something called The CEO Campaign To Fix The Debt.
The "sequester" -- mindless, across-the-board spending cuts designed purposefully to be abhorrent to both political parties -- now seems likely to go into effect on March 1. The sequester cuts added to spending cuts and tax increases already scheduled will slow growth and cost jobs. Government austerity has already contributed to the worst recovery in post-World War II history. Why would the U.S. repeat this folly, despite warnings from the IMF and Federal Reserve officials? Every calamity has many authors -- Obama's premature turn to deficit reduction in 2009, the Tea Party zealots, a hapless and clueless Republican congressional leadership and more. One major contribution comes from the money and monomania of Pete Peterson, a Wall Street billionaire who has committed about half a billion bucks rousing hysteria about deficits and debt.
“A grand bargain right now is a terrible idea,” he wrote. “Grand-bargain negotiations are, in practice, just an attempt to
Instead of the $1.5 trillion package, Simpson and Bowles call for "$600 billion in spending reductions through changes to
This is good news for Latino families. However, like all compromises, the deal leaves something to be desired. The fight to protect the interest of Hispanic workers, students, and households is not over.
So how about a nationwide citizens' strike to get the attention of the political class? It wouldn't have to be a massive
The common good continues to be subordinated to the corporate bottom line in Washington, where dialogue has been almost exclusively reduced to forms of extortion of the working class by the monied class, at the expense of the planet and democracy.