Don’t Panic! We Can Expand Social Security and Medicare

expand social security

Richard Eskow: No matter what new data emerges about Social Security and Medicare, the well-funded opponents of those two worthy programs will always insist that we’re on the brink of catastrophe – unless something is done right now to slash their benefits.

Economic Ponzi Scheme

Janet Yellen and International Monetary Fund Managing Director Christine Lagarde

Ellen Brown: The rules have been changed before and can be changed again. Depressions, credit crises and financial collapse are not acts of God but are induced by mechanical flaws or corruption in the financial system. Credit may stop flowing, but the workers, materials and markets are still there. The system just needs a reboot.

California Must Repeal Profoundly Unjust Welfare Law

Maximum Family Grant rule

Jessica Bartolow: Decades of research reveal that child exclusion policies like the Maximum Family Grant rule are failed social experiments that increase child poverty and deep poverty and violate the basic principles of human and reproductive rights.

Rise of the Non-Working Rich

inherited wealth

Robert Reich: The “self-made” man or woman, the symbol of American meritocracy, is disappearing. Six of today’s ten wealthiest Americans are heirs to prominent fortunes.

Let’s Cut Our Taxes — Sensibly

Cutting Taxes

Norman Solomon: When a drone or cruise missile implements an assumed right to snuff out a life, without a semblance of due process, the presidential emulation of divine intervention is implicit.

Passing Gas to the Consumer

#147409718 / gettyimages.com

Walt Brasch: Gas prices at the pump during the July 4th extended weekend were the highest they have been in six years. This, of course, has little to do with supply-and-demand economics. It has everything to do with supply-and-gouge profits.

The Looming Foreclosure Crisis

foreclosure crisis 2014

Ellen Brown: Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.

Does Capitalism Inevitably Produce Inequalities?

wealth and labor

Ann Robertson and Bill Leumer: Although politicians religiously deny that these contributions have any influence on their decisions, it is inconceivable that businesses – always obsessed with their “bottom line” – would continue these contributions without a “return on their investment.”

The GDP Fiasco: It’s Been One Snafu After Another

Shrinking Economy

Richard “RJ” Eskow: Granted, everybody gets it wrong sometimes, but this time our economists were really wrong. We were told the economy grew slightly in the first quarter of this year. Now, two revisions later, the latest GDP estimate concluded that the economy actually shrank.

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