FDL Book Salon Welcomes Michael Hiltzik, The New Deal: A Modern History

By: Saturday November 26, 2011 1:59 pm

A president elected in reaction to the economic and political environment. A president hated on the left for lack of bold action and accused by the right of being a socialist. A president who appears to struggle with any sort of confrontation within his own Administration and who appears to have continuing issues with quality of staffers. A president accused of promoting class warfare and ‘uncertainty’. A president with a justice on the Supreme Court who opposes him named Roberts. A president with a wife who is, to many, as controversial as he is. A president and an Administration during a time when bold decisive action is required, but who seem to suffer from chronic timidity.

Obama or Roosevelt? Both?

 

Senators Graham, Lee, and Paul Introduce a Plan to Steal Social Security Contributions

By: Monday April 18, 2011 12:30 pm

The Social Security Solvency and Sustainability Act slashes benefits drastically but continues to require workers to pay the same level of contributions specified under current law. Workers’ paystubs would continue to show that they were contributing to Social Security, but that would be only partly true. Workers would be contributing $6.2 trillion more than what would be needed.

Graham, Lee, and Paul propose to “borrow” those excess contributions, all $6.2 trillion worth, the way a school yard bully borrows –with no intention ever of repaying the money. Like school yard bullies, the three Senators even bragged about the fraud. Their press release announcing their proposal describes “What the plan accomplishes,” and lists as the very first accomplishment, “Reduces debt held by the public by $6.2 trillion by 2085.” How can they reduce the debt held by the public? By “borrowing” $6.2 trillion from Social Security’s Trust Funds with no intention of ever paying as much as a penny back.

The Woman Behind the New Deal

By: Thursday April 30, 2009 1:30 pm

Help me welcome Kirstin Downey, author of The Woman Behind the New Deal: The Life of Frances Perkins, FDR’s Secretary of Labor and His Moral Conscience. Kirstin will be online this hour.

Imagine this: Former Labor Secretary Elaine Chao witnesses a terrifying spectacle of young women leaping to their deaths from the windows of a burning building where they worked—their only means of escape.

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