Post Election Deficit Deal Threatens Medicare and Social Security

By: Sunday October 7, 2012 8:35 am

After the November election, there will be a major effort in Congress to pass a budget deal that will make cuts in Social Security, raise the Medicare and Social Security eligibility age, and perhaps more–unless we act to stop it with a solution that is close at hand.

There is agreement from the Wall Street Journal’s David Wessel to liberal economists Dean Baker and Paul Krugman that the pressure will be on to reach a Simpson/Bowles type of compromise. Such a bipartisan plan would damage our most cherished programs and excuse the dastardly deed by asserting that the cuts are small and necessary because of the deficit.


Catfood 3.0: Astroturf Edition!

By: Thursday July 26, 2012 6:50 pm

Click here to call your member of Congress to oppose Fix the Debt.

FDL has been fighting Simpson-Bowles for over 2 years now and have no intention of stopping now. We will be following Fix the Debt closely and keep our activists at the ready to push back on any attempt to force an austerity agenda through Congress.

Morgan Stanley Director Erskine Bowles Calls for Cutting Social Security and Medicare

By: Sunday October 2, 2011 1:15 pm

It is once again interesting to note that in a call for shared sacrifice, Bowles and Simpson once again never mention the possibility of financial speculation tax (FST), which could raise over $1.5 trillion over the course of the next decade. Such a tax has been used in the UK for centuries and a proposal for such a tax has recently been put forward by the European Commission. It is remarkable that the elite political figures in the United States show so little interest in an FST.

Catfood Delirium: US Pretends It’s Not Repeating Europe’s Mistakes

By: Wednesday December 1, 2010 9:22 am

Today’s New York Times aptly depicts the current mass economic insanity gripping the Western World. The articles are part of the same story of governments on their knees from bailing out banks while pretending that punishing citizens via austerity will keep their economies from collapsing.

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