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Tag: Budget Deficit


ilovememphis (CC BY-ND 2.0)

Romney’s Party Plays ‘Cut and Blame’

Republican legislators called an emergency meeting to hold President Obama accountable for the lax embassy security that they claim led to the killing of Ambassador Chris Stevens and three other Americans in Libya last month. But the GOP itself has cut funding to protect diplomats around the world.

Posted on Oct 11, 2012 READ MORE



Irargerich (CC BY 2.0)

Stockton Goes Bankrupt

Stockton, Calif., a city of nearly 300,000, is slated to become the largest U.S. city ever to file for bankruptcy after the City Council approved a new budget that calls for defaulting on debt payments and slashing millions in pay and benefits for employees and retirees.

Posted on Jun 27, 2012 READ MORE



nosha (CC BY-SA 2.0)

Plutonomy and the Precariat: On the History of the U.S. Economy in Decline

After the first few years of the Great Depression there was a sense that “we’re gonna get out of it.” It’s quite different now. For many people in the United States, there’s a pervasive sense of hopelessness, sometimes despair. I think it’s quite new in American history. And it has an objective basis.

Posted on May 8, 2012 READ MORE



Contando Estrelas (CC-BY)

More Austerity Coming to Spain

Spain announced a package of spending cuts and tax increases Friday after the new government said the budget shortfall is deeper than the outgoing administration had led it to believe. Meaningful structural reforms have yet to be proposed, and the full extent of the cuts is unlikely to be made known until after regional elections in late March.

Posted on Dec 31, 2011 READ MORE



Fabricator of Useless Articles (CC-BY)

Social Security and the Generation Gap

Most Americans think that the big government entitlement programs—Social Security and Medicare—are a good thing. But young and old part company, according to a new Pew report, over the current effectiveness of the programs and what to do about it. (more)

Posted on Nov 5, 2011 READ MORE



Flickr / Randy Bayne

Bernie Sanders Defends Social Security

In a news release from the office of Bernie Sanders, the Vermont senator criticizes suggestions made by officials that Social Security is eligible for the cutting block in deficit negotiations between President Obama and congressional Republicans. (more)

Posted on Jul 9, 2011 READ MORE


American Excellence
AP / Mike Derer

New Jersey: Ding the Poor or Tax the Rich?

Cut services for poorer senior citizens and the disabled or tax the rich? That’s the question that will be debated in the New Jersey Legislature on Monday as the state maneuvers to balance a budget deficit of close to $11 billion.

Posted on Jun 20, 2010 READ MORE


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