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By Paul Conrad
$17.13
$22
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Gage Skidmore (CC BY-SA 2.0)
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Thanks to Speaker of the House John Boehner and his fellow Republicans in the chamber, there is serious legislative opposition to the attack on Social Security that President Obama proposed in his budget plan this week.
Posted on Apr 6, 2013
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By Robert Reich — Can we just keep things in perspective? On Tuesday, the president asked Republicans to join him in finding more spending cuts and revenues before the next fiscal cliff whacks the economy at the end of the month. Yet that same day, the Congressional Budget Office projected that the federal budget deficit will drop to 5.3 percent of the nation’s total output by the end of this year.
Posted on Feb 7, 2013
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Flickr/401(K) 2012
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Instead of deficit reduction, it appears the fiscal cliff deal that was passed in the Senate early Tuesday morning would only add to the federal government’s budget problems.
Posted on Jan 1, 2013
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By Robert Reich — The best way to generate jobs and growth is for the government to spend more, not less. And for taxes to stay low – or become even lower – for the middle class.
Posted on Nov 19, 2012
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DonkeyHotey (CC-BY)
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Talks between congressional leaders charged with coming up with a plan by Wednesday to cut the national deficit by $1.2 trillion have descended into squabbling and finger-pointing, suggesting that automatic cuts to domestic programs, Medicare and defense spending—rather than a mix of cuts and tax increases—are inevitable. (more)
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Noam Chomsky had a simple message for protesters at Occupy Boston last month: To change their country, they must first get the public on their side. Then they can make big demands. (more)
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Flickr / SamPac
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One week after President Obama proposed his deficit reduction plan, the cries of “class warfare” that escaped the mouths of alarmed politicians and media pundits around the country can still be heard by anyone standing near a radio, television set or computer. (more)
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White House / Pete Souza
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On Monday, President Obama is expected to call for a new minimum tax rate for Americans making more than $1 million a year. The proposal will be called the “Buffett Rule,” after billionaire investor Warren Buffett, who has complained that rich Americans are not paying their fair share in taxes. (more)
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Flickr / jimforest
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How much are American taxpayers paying for the nation’s imperial wars? No one seems to know. But the following article contains a few key figures we would expect to find on the manifest aboard America’s sinking ship of war.
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Flickr / Center for American Progress Action Fund
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Senate Democratic leader Harry Reid and Senate and House Republican leaders have announced their selections for the deficit-reduction “super committee.” The 12-person council will attempt to cut about $1.5 trillion in federal spending over the next decade. (more)
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Flickr / drona
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In the mind of New York Times wise man David Brooks, President Obama and the congressmen he’s negotiating with are equally to blame for the diplomatic trip and fall in last week’s federal deficit talks. (more)
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Flickr / SpeakerBoehner
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No visible progress was made during deficit talks Sunday in which President Barack Obama failed to persuade House Republicans to support $4 trillion in cuts over the next 10 years. (more)
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Adam Zyglis, Cagle Cartoons, The Buffalo News —
Posted on Jul 10, 2011
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Flickr / SpeakerBoehner
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On Saturday evening, Speaker of the House John Boehner accepted less than he previously asked for in a deficit reduction plan. He slashed the GOP demand for total cuts from $4 trillion to, roughly, the $2 trillion suggested by the White House, and he tentatively agreed to some form of tax increase. (more)
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That’s according to the Wall Street Journal. Also, progressives in Congress want to divert $60 billion in defense spending to humanitarian assistance, social programs, energy conservation, homeland security and deficit reduction.
Posted on Mar 8, 2006
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Greenland’s Great Melt Is Pinned on Climate Change
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