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By Susan Zakin (Author), Bill McKibben (Author), Chris Jordan (Photographer)
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By Gore Vidal
$40.00
$24
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davelawrence8 (CC-BY)
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Frugality? Check. Family values? Check. Sound reasoning? Nope. Mitt Romney’s campaign managed to stay true to the concerns of his base while totally botching the logic behind an infographic claiming that President Obama’s management of the U.S. economy is akin to that of a family accountant gone mad.
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By E.J. Dionne, Jr. — Clarifying moments are rare in politics. Over the last week, Americans were blessed with three.
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Wikimedia Commons
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Wall Street’s occupiers are asking the big questions about the U.S. economy. What can we do to create jobs, eliminate poverty and free the nation from the grip of debt? American labor lawyer Thomas Geoghegan points to early 20th-century economist John Maynard Keynes for some clues. (more)
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Flickr / zpeckler
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Government—the purchaser of last resort—must intervene to revive a sickly economy when consumers and businesses can’t do it on their own, says the award-winning political economist Robert Reich. (more)
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Flickr / San Diego Shooter
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Facing a shortfall of a few billion dollars, the U.S. Postal Service is planning to drop 220,000 full-time jobs and close 3,700 post offices and 300 processing centers by 2015, while scaling back services and cutting retirement benefits. And that’s after laying off 110,000 employees since 2007. (more)
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AP / Evan Vucci
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President Obama rolled out a plan on Monday to reduce the federal deficit by $3 trillion over the next decade by combining cuts to benefit rights and war savings with tax increases. (more)
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Nobel Prize-winning economist Paul Krugman employed a bit of imagination while discussing the need for fiscal stimulus on Fareed Zakaria’s “GPS” last week, playfully suggesting that the discovery of an impending alien attack would force ... (more)
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Manny Francisco, Cagle Cartoons, Manila, The Phillippines —
Posted on Aug 1, 2011
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Flickr / Borya
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On Sunday, President Obama and members of the U.S. Congress agreed to cut at least $2.4 trillion from federal spending over the next 10 years, some of which will come from programs that benefit retired Americans. (more)
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Peter Broelman, Cagle Cartoons, Australia —
Posted on Jul 31, 2011
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RJ Matson, Cagle Cartoons, The St. Louis Post Dispatch —
Posted on Jul 31, 2011
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Jeff Parker, Cagle Cartoons, Florida Today —
Posted on Jul 27, 2011
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Another week, another standoff on Capitol Hill over the ever-pressing debt ceiling issue, with President Obama warning Friday of impending economic “Armageddon” if things don’t get sorted out soon. So what’s the good news?
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AP / Pablo Martinez Monsivais
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By Robert Scheer — These threatened programs are not government handouts to a privileged class, like defense contractors and bailed-out bankers, who do feel eminently entitled to pig out at the federal trough.
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This week the Labor Department reported that employers added a mere 18,000 jobs in June, and that the unemployment rate rose to 9.2 percent. The news is a blow to all who were hopeful that the nation’s economic recovery was gaining speed.
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Have you ever asked yourself what makes a “jobless recovery” possible? Since the beginning of the recession, American companies have trimmed their staffs and shifted work to remaining employees, largely without increasing pay, and those workers are not reaping the benefits. (more)
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Last week brought a dramatic shift in Dominique Strauss-Kahn’s case—will he be exonerated? President Obama isn’t happy with congressional Republicans’ unwillingness to negotiate on the debt front, and they’re not thrilled with his disdainful stance.
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Freedom to Marry (CC-BY)
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Californians made it easier for their lawmakers to pass a budget, but you might not be able to tell from all the drama. Perhaps you heard that Gov. Jerry Brown (above) vetoed a budget passed by his own party, Republicans managed to block voters from approving new taxes and the state controller stopped paying legislators. (more)
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woodleywonderworks (CC-BY)
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By Eugene Robinson — With the nation struggling to recover from a devastating recession, unemployment stuck at crisis levels, financial markets spooked by the possibility of European defaults and consumers disinclined to consume, it makes no earthly sense to suck money out of the economy.
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So, now we know Obama’s big plan for pulling American troops out of Afghanistan, but it hasn’t exactly been well received. This week’s “Left, Right & Center” panel—featuring Tony Blankley, Matt Miller, Robert Scheer and Chrystia Freeland—offers no exception to the naysaying.
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White House / Pete Souza
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After Republicans bailed on Vice President Joe Biden’s deficit talks Thursday, the government once again hit an impasse in resolving the burgeoning debt crisis, but by Friday, President Obama signaled his readiness to enter the fray. Republicans, meanwhile, signaled their ongoing displeasure over talk of tax hikes.
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Flickr / Gilded:
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Republicans and a handful of “Christie Democrats” joined forces in New Jersey’s legislature on Thursday to punch through a bill that will require public workers to pay way more for their health insurance and pensions, curb unions’ collective bargaining rights and rob them of other crucial benefits. (more)
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Wikimedia Commons
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So much for another attempt at bipartisan negotiations. Vice President Joe Biden saw his bid to get both sides talking about ways to deal with the deficit come to a halt on Thursday after all two of the GOP participants cited talk of tax increases as their reason for bowing out.
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AP / Thanassis Stavrakis
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Three years into the Great Recession, the outlook is wobbly in the eurozone, according to the IMF. France and Germany are doing well enough to offset some of the economic problems plaguing their neighbors, but in a networked world, nations’ fates are intertwined.
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Wikimedia Commons / Martin St.-Amant
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Though he once referred to them as “fat cats,” President Obama now has to sing a different tune to Wall Street’s bigwigs in order to persuade them to open their wallets as he revs up for campaign 2012. Awkward!
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By Joe Conason — The current puppet play in Congress—where Republicans sponsored a bill to raise the nation’s debt ceiling only because they wanted to vote it down—would be funny, if only they weren’t risking economic disaster.
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By E.J. Dionne, Jr. — Republicans who invented “death panels” out of whole cloth and insisted, falsely, that Obama’s health proposal was nothing but a “government takeover” have a lot of nerve complaining about the “demagoguery” against Rep. Paul Ryan.
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By David Sirota — In the name of curtailing deficits, politicians across the country are hacking away at programs that aim to make children healthier.
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U.S. Marine Corps / Staff Sgt. Jeff Kaus
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By William Pfaff — To the wayfaring American citizen, the view of Washington, D.C., from abroad is as bizarre as that of Oz. One cannot believe what is happening.
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By E.J. Dionne, Jr. — While the United States remains utterly frozen in a debate about budget deficits and all the things that government shouldn’t do, other countries are marrying public and private resources to make themselves stronger and more competitive.
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Flickr / Beverly & Pack
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The nonpartisan Center on Budget and Policy Priorities has updated research that projects nearly half of public debt in 2019 will be attributable to President George W. Bush’s tax cuts plus the ongoing wars in Iraq and Afghanistan.
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Rep. Perry's office
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Pennsylvania’s GOP-controlled House of Representatives will consider a bill that would change the way unemployment benefits are calculated, taking almost $500 million out of jobless residents’ pockets each year.
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By E.J. Dionne, Jr. — Republicans holding the increase of the debt ceiling hostage to their efforts to eviscerate programs know perfectly well that Congress will not risk a financial crisis.
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Flickr / DVIDSHUB
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House Speaker John Boehner’s battle for budget cuts has not won him many points with the cost-conscious tea party, particularly in light of a Congressional Budget Office study that indicates the latest spending bill will not cut the deficit nearly as much as advertised.
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Flickr / Tattooed JJ
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State governments are looking at a cumulative shortfall of at least $1.26 trillion needed to pay for pension and retirement health care services, The Pew Center on the States reported in a study published last week.
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AP Photo/Ryan J. Foley
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By Joe Conason — Indeed, in the guise of saving future generations from excessive federal debt, themes of national decay, egotistical greed and irresponsibility pervade the Ryan plan.
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AP / Jeffrey Phelps
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By Bill Boyarsky — Contrary to conventional wisdom, the media fascination with the potential presidential campaign of the great American phony, Donald Trump, has been helpful to the Republican Party.
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David Fitzsimmons, Cagle Cartoons, The Arizona Star —
Posted on Apr 26, 2011
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Eric Allie, Caglecartoons.com —
Posted on Apr 16, 2011
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By Eugene Robinson — It was refreshing to hear all those unambiguous declarations from President Obama on Wednesday. If ever there were a time when lines desperately needed to be drawn, it’s now.
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During his deficit speech Wednesday, the president called Republican proposals to slash the budget “deeply pessimistic” and said such plans “tell us we can’t afford the America that I believe in and I think you believe in.”
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AP
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By Jim Mamer —
I’m a retired teacher and I’m pissed. No matter what form of media I look at, I’m confronted with constant references to the various budget crises. The crises are real, but the search for culprits has degenerated into a hypocritical attempt to score political points.
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Pat Arnow (CC-BY-SA)
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State personal income in New York in 2009 was $908 billion. Thus a flat tax of less than 1 percent would close the deficit entirely, without any spending cuts.
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Nate Beeler, Cagle Cartoons, The Washington Examiner —
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By Ruth Marcus — It’s possible to simultaneously worry about the debt and believe in an active and compassionate role for government. In fact, it’s required.
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AP / Pablo Martinez Monsivais
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By Bill Boyarsky — While Republicans race to cut spending, including outlays for education, health care and social services, they never mention one of the real reasons for the deficit: the cost of the war in Afghanistan and the mess we’ve made in Iraq.
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By E.J. Dionne, Jr. — “We’re broke.” You can practically break a search engine if you start looking around the Internet for those words. Just one problem: We’re not broke.
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