Lots of little tidbits this morning for your amusement and edification.
|By: Brian Sonenstein Thursday July 26, 2012 6:50 pm|
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.
|By: David Dayen Wednesday May 16, 2012 2:45 pm|
On Pete Peterson Fiscal Summit, let’s marvel for a second at just how much influence Peterson has, that he can get pretty much everyone in Washington to kiss the hem of his garment. Former President Bill Clinton, House Speaker John Boehner, Treasury Secretary Tim Geithner, and what seems like half of Congress were on hand at this thing. And the reason for this is simple: dollars and cents.
|By: Ellen Schultz Saturday May 12, 2012 1:59 pm|
Social Security is one of those topics that most people think they know about. Everyone“knows” Social Security is “going bankrupt,” that the government “raided the trust fund,” and that “it won’t be there when we retire.” These folks include both the ideologues determined to dismember the program and the casual consumers of mainstream media, which has been largely content to write he-said, she-said stories giving equal weight to the chief actuary of the Social Security Administration and“experts” wearing tin-foil hats.
But there’s a potentially more dangerous cohort than the Fox-educated crowd out there, says Eric Laursen.
|By: Dean Baker Monday March 12, 2012 10:00 am|
Sunday, the Washington Post ran a piece from the Pete Peterson funded Fiscal Times warning about the “debt bomb” from student loan debt. (The Post did not identify Pete Peterson as the funding source for the Fiscal Times.)
The piece manages to get just about everything wrong. To start with, the piece did not even get the rate of student debt accumulation right.
|By: Dean Baker Tuesday September 20, 2011 5:00 pm|
That’s the question that readers are undoubtedly asking after seeing this piece on President Obama’s budget proposals. The piece featured three separate cites from Maya MacGuineas, who is the president of the Committee for a Responsible Federal Budget. (One cite included unnamed “others.”) The Committee for a Responsible Federal Budget has received substantial funding from Peterson and his foundation over the years.
|By: David Dayen Saturday September 10, 2011 5:43 pm|
This is the danger, the follow-on to the American Jobs Act. As Jon Walker reported, there are signs of support for raising the Medicare retirement age coming from a variety of corners, including the American Hospital Association, who are trying to save themselves from trigger cuts on reimbursement rates by sticking it to 65 and 66 year-olds. The report from Ways and Means Committee Democrats that included raising the eligibility age as an option is bad news too.
|By: Jane Hamsher Friday July 22, 2011 9:39 am|
This is an extremely important moment not only in the fight to preserve the social safety net, but for the future of the country. Nancy and Eric are both critical figures in this fight, and have bravely led it in the face of incredible opposition, at tremendous personal sacrifice. I cannot say enough good things about them, their courage and their moral integrity.
If you’re an FDL member, you should have received an email invitation to the webinar. If you didn’t, contact Ryan Cook at (202) 506-3907 and he will make sure you get one.
|By: Dean Baker Tuesday July 19, 2011 2:30 pm|
Okay, that’s not true. Peter Peterson has not promised to give up anything, but he will stand to gain tens of millions, perhaps hundreds of millions of dollars in additional pocket change over the next decade thanks to the Senate Gang of Six’s new tax breaks.
|By: Dean Baker Tuesday July 12, 2011 11:30 am|
The major sale of sale of bonds would displace other bonds that the United States might want to sell in the financial market. This would lead to higher interest rates on U.S. debt. Therefore Mr. Peterson is contributing to our deficit problem.
That may seem more than a little silly to readers, which it is. Yet, this is the same way in which Kessler says that Social Security will be creating a fiscal burden.