An academic study released by an economist from the University of Massachusetts found that one of the scare tactics used by both federal and state lawmakers for not raising taxes and instead cutting back funding of public works and social services is based on a falsity.
|By: acmerecords Saturday October 5, 2013 12:02 pm|
As part of the agreed to by all parties ‘government shut down’ congress is contemplating resurrecting elements of President Obama’s so-called ‘grand bargain’. One of the president’s proposals, lifted as many of his ‘ideas’ are from the wish-list of fiscal conservatives intent on ‘ending social security as we know it’ including the Heritage Foundation, would require that social security recipients receive reduced cost of living increases, decreases that compound over time
|By: fairleft Sunday December 30, 2012 7:00 am|
The European and U.S. problem is not only the year-after-year reality of high unemployment and slow or negative growth, it’s that results be damned most of us ‘still’ believe in austerity. The masters have reason to believe and even love austerity, because they get rich off moving wealth from the middle to the top, but dammit most of us chumps believe too
|By: William Black Sunday October 21, 2012 1:59 pm|
Jeff Connaughton has authored a powerful, and chilling insider’s perspective on the financial crisis and the pathetic governmental response to it. The second part of his title sums up the result and the first half explains why Wall Street always wins. Many, perhaps most Americans are likely to agree with both parts of Connaughton’s title so this book will not transform the public’s view of the issues. The public largely has this set of issues correct. Connaughton gives the readers unique access to the facts because he had a front row seat to many of the key discussions and he has the analytical abilities and expertise to explain the significance of those facts.
|By: SouthernDragon Sunday July 22, 2012 1:59 pm|
One of the long standing taboos in the US is an open discussion of our capitalist economic system. Mainstream economists talk of business cycles, recessions, depressions, upturns, downturns, etc, in an effort to avoid discussing just how unstable capitalism is. In 2009 that changed. Professor Richard D Wolff, a PhD who taught economics at UMass for many years, published a book entitled Capitalism Hits The Fan, a compilation of articles and essays written between 2005 and 2008. Since that time he has been on a whirlwind of personal appearances and radio/TV talk shows discussing just how capitalism has worked, or not worked, for people over the last 50 years.
|By: Michelle Chen Saturday October 22, 2011 12:00 pm|
Everyone knew it was a losing battle, but everyone showed up anyway. In an uprising virtually unprecedented in its size, scope and diversity, malcontents united across Greece to push back against the government’s assault on working people.
|By: Michelle Chen Saturday September 10, 2011 7:52 am|
This weekend, the public will mourn a site of loss, recasting the painful memories and haunting fears that still hover over the aftermath at Ground Zero. But the people who worked and breathed that tragedy in the days and months following September 11 won’t be at the primary commemoration ceremony for the families of victims. The Mayor’s decision to limit the attendees by excluding the 9/11 first responders is an unnerving metaphor for an unhealed scar of 9/11. Many of the rescue and recovery workers who labored at Ground Zero have been plagued by a metastasizing medical crisis, aggravated by chronic political failure.
|By: Dean Baker Sunday July 3, 2011 1:00 pm|
It really is incredible to see such a concerted effort to rewrite history in front of our faces. There is not much ambiguity in the story of the housing bubble. The private financial sector went nuts. They made a fortune issuing bad and often fraudulent loans which they could quickly resell in the secondary market. The big actors in the junk market were the private issuers like Goldman Sachs, Citigroup, and Lehman Brothers. However, George Will and Co. are determined to blame this disaster on government “compassion” for low-income families.
|By: Rania Khalek Monday May 30, 2011 3:00 pm|
While we have been frantically playing defense against relentless assaults on multiple fronts, from anti-union legislation to draconian anti-choice laws to the attempted privatization of Medicare, the selling off of public assets to the private sector has received little attention.