Hey Stupid Seniors! The Post Says a 9 Percent Cut in Social Security Benefits Won’t Hurt

By: Dean Baker Friday May 27, 2011 3:45 pm

It’s amazing what you can learn reading the Washington Post. Today its lead editorial told readers that reducing the annual cost of living adjustment for Social Security by 0.3 percentage points won’t hurt. This would come as news to most seniors who rely on Social Security for most of their income.

Choosing Our Health Care Future: Follow Peter Shumlin or Paul Ryan?

By: Jon Walker Friday May 27, 2011 3:00 pm

On the monumental issue of how to deal with rising health care costs, there are no two political leaders in America whose actions are more diametrically opposed than Democratic Vermont Gov. Peter Shumlin and Republican House Budget Committee Chairman Paul Ryan. Ryan wants to privatize Medicare, destroying America’s extremely popular and effective single-payer system for older Americans, while Shumlin is working to expand the benefits of single-payer health insurance to everyone. The national Democratic Party will soon have to decide which of these leaders’ diverging paths they intend to follow.

McConnell: Dems Must Cut Medicare, Or No Increase in the Debt Limit

By: David Dayen Friday May 27, 2011 2:15 pm

McConnell wants Democrats to bail out the GOP for their bad decision on the Ryan budget. If Democrats agree to a deal with big Medicare cuts, the political potency of running against the Ryan budget largely dissipates.

Happy Memorial Day! Remember Your Government Will Be Tracking with Whom You Celebrate this Weekend

By: emptywheel Friday May 27, 2011 1:30 pm

The big rush to extend PATRIOT is about making sure this geolocation tracking doesn’t shut down over the Memorial Day weekend.

District Court Judge Strikes Ban on Direct Corporate Giving to Individual Candidates

By: David Dayen Friday May 27, 2011 12:45 pm

A federal judge has ruled that a ban on direct corporate giving to candidates is unconstitutional, in a case that will probably filter up to the Supreme Court, which needless to say has not been a great ally for campaign finance types. The judge, James Cacheris, used the Citizens United ruling on corporate giving as his basis. But this takes it a step further, by saying that direct corporate donations to candidates are permissible, rather than corporate spending to outside groups.

FDL Member Town Hall with Alan Grayson Next Wednesday, 6/1

By: Jane Hamsher Friday May 27, 2011 11:46 am

Rep. Grayson will be offering a presentation on how the mal-distribution of income and wealth have caused the chronic federal deficit, which has led to a series of bubbles, crashes, and other structural economic problems. He will also address how progressive action is necessary in order to fix the problem.

If you’re not an FDL member, and you’d like to join, you can do that here.

Paul Ryan Admits His Refusal to Compromise on Tax Increases Rooted in “Belief”, “Doctrine”

By: Blue Texan Friday May 27, 2011 10:30 am

If you needed any additional evidence that the Republican Party is a quasi-religious organization that no longer relies on empirical evidence in forming its policy positions, here’s Paul Ryan (R-WI) explaining why he wants to destroy Medicare to keep taxes low for millionaires.

The Party Line – May 27, 2011
Gates of Wrath

By: Gregg Levine Friday May 27, 2011 9:35 am

Sec. Gates–who does have his future to think about, after all–wants to make sure his successors (or at least his future employers) understand. No more defense contractors need get tossed into the terrible winepress of budget austerity–there are plenty of fighting folks, ready for trampling.

Oil Speculation: Sanders Accuses CFTC of Breaking the Law

By: David Dayen Friday May 27, 2011 8:40 am

Sanders went so far as to accuse Gensler of breaking the law for not implementing the Dodd-Frank regulation on position limits. He cited the now well-worn quote by Exxon Mobil CEO Rex Tillerson, that the price of oil under regular market conditions should be $60-$70 a barrel (it’s currently trading at around $100). Sanders also cited the recent lawsuits from the CFTC against Parnon Energy, Arcadia Petroleum and Arcadia Energy for driving up prices during the spike of 2008, and stated that the same conditions exist today.

Tea-GOP on Debt Limit: It’s Okay to Drive Off Cliff If Bond Holders Jump Out First

By: Scarecrow Friday May 27, 2011 7:45 am

The Tea-GOP has become so looney on the debt limit issue that their relying on paid hacks to tell us there’s no problem from refusing to raise the debt limit. Their latest theory: “It’s okay to drive the car off a cliff, because we can always let the bond holders jump out first.”

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