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Diary of a Bad Year

Diary of a Bad Year

By J. M. Coetzee
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Tag: Entitlements

Open Carried Away

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Posted on Jul 8, 2014 READ MORE


Republican Lifeguard

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Posted on Mar 14, 2014 READ MORE



Greek Austerity: Don’t Try This at Home!

Ironically, the very New Deal legacy that austerians work to euthanize in the U.S. is the chief thing that has prevented the country’s economy from completely crashing.

Posted on Feb 28, 2014 READ MORE


Moocher

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Posted on Feb 22, 2014 READ MORE


Xmas Present

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Posted on Dec 20, 2013 READ MORE


Santa Obama and Slackers

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Posted on Dec 20, 2013 READ MORE


Obama Budget

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Posted on Apr 13, 2013 READ MORE


Grand Bargain Budget Shock

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Posted on Apr 12, 2013 READ MORE



AP/J. Scott Applewhite

Obama to Formally Propose Social Security Cuts

In the name of compromise, bipartisanship and the satisfaction of a ruling class that is indifferent to the suffering of ordinary Americans, President Obama is ready to sell parts of Social Security and Medicare in his attempt to strike an annual budget that satisfies Republicans and reduces the long-term deficit by $1.8 trillion over 10 years, administration officials say.

Posted on Apr 5, 2013 READ MORE



Campaign rally image via Shutterstock

Why Politicians Listen to Public Opinion on Gay Marriage and Guns but Not the Economy

Recent polls show Americans would rather reduce the deficit by raising taxes than by cutting Medicare, Medicaid, Social Security, education and transportation. Yet Congress seems incapable of making that kind of deal. Some 65 percent of Americans want to raise taxes on large corporations, but both parties are heading in precisely the opposite direction.

Posted on Mar 31, 2013 READ MORE


Why Democrats Shouldn’t Put Social Security and Medicare on the Table

If there was ever a time for the Democratic Party to champion working Americans and reverse these troubling trends, it is now — forging an alliance between the frustrated middle and the working poor.

Posted on Mar 21, 2013 READ MORE


Pensions

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Posted on Mar 12, 2013 READ MORE



Flickr/Seuss

The Sequester and the Tea Party Plot

Sequestration is only the start. What the tea party set out to do was not simply change Washington but eviscerate the U.S. government—“drown it in the bathtub,” in the words of their guru Grover Norquist.

Posted on Mar 3, 2013 READ MORE


Connecting Entitlement Reform to Immigration Reform

Most of us early boomers had planned to retire around now. Those born a few years later had planned to retire in a few years. These plans have gone awry.

Posted on Feb 20, 2013 READ MORE


Pensions

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Posted on Jan 29, 2013 READ MORE



Flickr/401(K) 2013

The Myth of Living Beyond Our Means

Brace yourself. In coming weeks you’ll hear there’s no serious alternative to cutting Social Security and Medicare, raising taxes on middle class, and decimating what’s left of the federal government’s discretionary spending on everything from education and job training to highways and basic research.

Posted on Jan 29, 2013 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

How a Bunch of Liberal Groups Are Trying to Kill the Filibuster and Citizens United

This week on Truthdig Radio in association with KPFK: The progressive plot to save representative democracy, China’s retirement bomb, Republican junk science, and doping in sports.

Posted on Jan 18, 2013 READ MORE


How a Bunch of Liberal Groups Are Trying to Kill the Filibuster and Citizens United

This week on Truthdig Radio in association with KPFK: The progressive plot to save representative democracy, China’s retirement bomb, Republican junk science, and doping in sports.

Posted on Jan 18, 2013 READ MORE


Geezers

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Posted on Jan 10, 2013 READ MORE



Flickr/401(K) 2013

The Hoax of Entitlement Reform

It has become accepted economic wisdom, uttered with deadpan certainty by policy pundits and budget scolds on both sides of the aisle, that the only way to get control over America’s looming deficits is to “reform entitlements.”

Posted on Jan 7, 2013 READ MORE



Democracy Now!

A ‘Manufactured Non-Solution’ to a ‘Manufactured’ Crisis (Video)

Phony-baloney tax cuts, a delay in spending reductions, an increase in the deficit and lots more work to be done—Heidi Moore at The Guardian details the fiscal cliff solution that isn’t.

Posted on Jan 2, 2013 READ MORE


The Next War: The Battle Over the Debt Ceiling

The last time the debt ceiling had to be raised, in 2011, Republicans demanded major cuts in programs for the poor as well as Medicare and Social Security. They got some concessions from the White House but didn’t get what they wanted—which led us to the fiscal cliff. So we’ve come full circle.

Posted on Jan 2, 2013 READ MORE


New Year Fiscal Cliff

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Posted on Dec 30, 2012 READ MORE


Boehner the Squeaker

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Posted on Dec 30, 2012 READ MORE


Golden Parachute

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Posted on Dec 29, 2012 READ MORE


Happy New Fiscal Cliff

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Posted on Dec 28, 2012 READ MORE


Snow Job

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Posted on Dec 28, 2012 READ MORE


Fiscal Clown Car

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Posted on Dec 28, 2012 READ MORE


Mayan Fiscal Cliff

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Posted on Dec 20, 2012 READ MORE


’Twas the Night Before Tax Cuts

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Posted on Dec 20, 2012 READ MORE


Ghost of the Cliff

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Posted on Dec 16, 2012 READ MORE


Economist Baker Echoes Paul Krugman: There Is No Fiscal Cliff

As President Obama promises to bargain away changes to spending and social programs in exchange for income tax increases in the top two brackets, leading economist Dean Baker criticizes the so-called fiscal cliff threat as a myth.

Posted on Dec 14, 2012 READ MORE


Not So Wise Men

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Posted on Dec 13, 2012 READ MORE



Flickr/Gage Skidmore

Krugman Derides ‘Pathetic’ GOP Fiscal Cliff Offer

The Nobel Prize-winning economist puts specifics offered by Senate Minority Leader Mitch McConnell through some harsh analysis.

Posted on Dec 2, 2012 READ MORE



Flickr/Fortune Live Media

CEO’s Demand Austerity to Fix Budget, Not End to Corporate Welfare

A group of corporate CEOs that contributed to the burgeoning deficit crisis want the poor and elderly to largely pay for the mess the greedy Wall Street fat cats helped create.

Posted on Nov 26, 2012 READ MORE



Flickr/TexasGOPVote.com

Preserve Benefits: Cut Gouging and Inequities

Congress is still talking about a “Grand Bargain” that “balances” far more spending cuts than tax increases. That is another way of saying that you – the consumer of Medicare and Medicaid services, the recipient of Social Security, and the average taxpayer — will take the brunt of the spending cuts.

Posted on Nov 14, 2012 READ MORE


The President’s Opening Bid on a Grand Bargain (II): Put a Trigger Mechanism in the Legislation

When he meets with congressional leaders to begin discussions about avoiding the “fiscal cliff,” Obama should make clear that America faces two big economic challenges ahead: getting the economy back on track and getting the budget deficit under control.

Posted on Nov 13, 2012 READ MORE



Pete Souza/The White House

The President’s Opening Bid on a Grand Bargain: Aim High

Assuming the goal is $4 trillion of deficit reduction over the next decade (that’s the consensus of the Simpson-Bowles commission, the Congressional Budget Office, and most independent analysts), here’s what the President should propose.

Posted on Nov 12, 2012 READ MORE



Flickr/Gage Skidmore

Ryan Isn’t an Entitlement Reformer, He’s an Entitlement Destroyer

You want real entitlement reform? President Obama has begun it. Rational people would make sure he gets a second term.

Posted on Aug 21, 2012 READ MORE



megoizzy (CC BY-SA 2.0)

Let Them Eat Sports

As public sector jobs, education, health insurance and social welfare programs crumble amid the specter of economic austerity, the British government has spent more than $14 billion on preparations for the 2012 Olympic Games—far more than the $4 billion that was estimated a few years ago.

Posted on Jul 26, 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



Penguin Group

Corporate America’s New Golden Goose

Last month, award-winning Wall Street Journal reporter Ellen E. Schultz published a book-length expose on how corporate employers, consultants and financial firms retooled retirement plans to increase profit and enrich executives at the expense of employees and retirees. (more)

Posted on Oct 2, 2011 READ MORE



AP / Evan Vucci

Obama Does the Math on Deficit Reduction

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)

Posted on Sep 19, 2011 READ MORE



Wikimedia Commons

Financial Contagion and Other Ills

Governments on both sides of the Atlantic are making the same blind, stupid, ideological error: trying to rescue faltering economies with spending cuts. It doesn’t work, as John Maynard Keynes explained decades ago. (more)

Posted on Aug 7, 2011 READ MORE



Flickr / pedrosimoes7

AARP Backpedals on Cuts in Social Security

Spokespersons for the AARP are in damage control mode after The Wall Street Journal reported last week that the organization, which claims to lobby on behalf of older Americans, “is dropping its longstanding opposition to cutting Social Security benefits.” (more)

Posted on Jun 23, 2011 READ MORE


The Policy Bracket

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Posted on Mar 19, 2011 READ MORE


When Cuts Don’t Cut It

After slamming Democrats for not focusing on “jobs, jobs, jobs,” Republicans have decided to ignore their own winning message in favor of “cuts, cuts, cuts.”

Posted on Mar 3, 2011 READ MORE


Why Do They Hate Social Security?

Among the mysteries of modern politics in America is why so many of our leading pundits and politicians persistently seek to undermine Social Security, that enduring and successful emblem of active government.

Posted on Feb 17, 2011 READ MORE


Budget Cuts

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Posted on Feb 16, 2011 READ MORE


Discretion Advised

Discretionary spending, the part of the federal budget that is not on autopilot and is subject to annual appropriations, generally constitutes less than 40 percent of federal spending. Take out defense spending and that share drops to well under 20 percent.

Posted on Jan 23, 2011 READ MORE


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