As I understand the Republican view of our country, as manifested in the House and Senate budgets, millions of middle class and working families need to see a major reduction in federal programs that help make their lives, and the lives of their kids, a little bit better.
There is much confusion, politically sown, about what debt is, what it does and what it costs. This includes the false ideas that the government deficit is unsustainable, that “entitlements” are bleeding us and that paying interest on the national debt displaces money that would otherwise be spent on public programs.
Economists from the University of Massachusetts appear to have debunked a Harvard paper that right-wing politicians have used to push economic austerity policies. The challengers explain where the Harvard economists went wrong in an interview with The Real News Network.
The senator stood before a crowd of retirees, veterans and their supporters Thursday to point out that the president’s proposal for a “Chained CPI” adjustment to the calculation of retirement benefits would wreak destruction on the lives of elderly and disabled Americans.