Randy Shaw: Brown’s history shows that he likes to shake things up soon after taking office, and he now has the perfect opportunity. The public desperately wants a solution to California’s longstanding budget crisis, and Brown’s political capital is as high as it will ever be following an election where Democrats won every statewide race and maintained all their Congressional seats.
Steven Hill: One of the qualities holding Greece back from enjoying the benefits of a more modern economy is its reliance on an informal economy of family and social networks which too often translates into nepotism, back room deals and tax dodging. But during an economic crisis like this, those networks become valuable
Norman Solomon: Deficit commission co-chairs Alan Simpson and Erskine Bowles are pushing scenarios that would undermine Social Security, while all sorts of contorted rationales are in the air for continuing the Bush tax cuts for the wealthy.
Berry Craig: It was a tsunami of money triggered by the Supreme Court ruling that corporations could spend unlimited sums to elect or oppose candidates for public office.
Shamus Cooke: Obama’s Deficit Reduction Commission attacks Social Security and Medicare. The retirement age would be raised from 67 to 68 (for those born after 1959) and from 68 to 69 (for those born after 2006). But current retirees will be affected too. The social security cost of living adjustment will be unhinged from the inflation index, meaning, payments will decrease via inflation.