Robert Reich: Too many Democrats inside and outside the Beltway have ingested the deficit cool-aide that the “serious people” on Wall Street have serving for two decades.
Ann Robertson and Bill Leumer: Jerry Brown to resort to his terror tactic, intended to strike fear in the hearts of the public. He has told the people of California that if they do not support this new compromise tax proposal, then automatic trigger cuts will go into effect that will brutally slash the budget of public education on all levels.
Joseph Palermo: With the aggressive onslaught aimed at public employees and their unions that Republican governors have unleashed in recent weeks, it’s long past time for politicians calling themselves “Democrats” to push aside the anti-labor elements inside their party and stand up for basic worker protections.
Tracy Emblem: California taxpayers should carefully consider the cost-benefit analysis, because when we cut public funding for these institutions, we cut our state’s economic advantage and future prosperity.
Ivan Eland: Missile defense is an expensive relic of the Cold War, which the U.S. can no longer afford given its huge budget deficits and high debt levels. Keeping the program alive are Republicans who want to preserve this white elephant to realize the grandiose “Star Wars” dream of their hero, Ronald Reagan.
Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.
Carl Bloice: Like the knee bone and the thigh bone, the foreclosure crisis is closely related to the jobs crisis. Last week the Obama administration cautioned the public not to expect any dramatic improvement in the jobless rate, largely because thousands of formerly “discouraged” jobless workers sense the situation is improving and have started back looking for work. As a result, some economists have suggested, the jobless rate may well go beyond the 9.7 percent where it stands now.
Mario Solis-Marich: While Arizona struggles with budget deficits its’ legislature has decided to legalize racial profiling in a effort to arrest and deport undocumented families. While Arizona has been a hotspot in the immigration debate for some time the lightning rod has been Joe Arpio, the publicity starved Sheriff who is under federal investigation for civil rights violations. This week the Arizona state legislature has trumped Arpio by giving local police a statewide mandate to pull people over based on the color of their skin or their facial features.
Robert Reich: Sixty years later, we boomers have a lot to be worried about because most of us plan to retire in a few years and Social Security and Medicare are on the way to going bust. I should know because I used to be a trustee of the Social Security and Medicare trust funds. Those of you who are younger than we early boomers have even more to be worried about because if those funds go bust they won’t be there when you’re ready to retire.
Ivan Eland: The Cold War is long over, and the concomitant rationale (dubious even then) for using an interventionist U.S. foreign policy to attempt to run the world is now obsolete and even dangerous in an era of blowback terrorism. Many empires throughout history have collapsed or withered away because their aspirations were too big for their wallets; the U.S. is in that perilous position now. Therefore, the United States should dramatically retract its defense perimeter, thus cutting the U.S. security budget by half and saving more than $500 billion a year.
The Congress, always in hock to Wall Street, is dragging its feet in passing anything near the sweeping regulatory restructuring that is needed if we are to prevent Goldman Sachs and the rest of the gang from exploiting their “moral hazard” by using the federal treasury as the mother of all “credit default swaps.”
Lucky me! Although I’m a registered Democrat, I received in last Wednesday’s mail a fund-raising appeal for the Republican National Committee signed by none other than Chairman Michael Steele. Now, nobody expects this type of mailer to be profound or scholarly. It has one purpose only, and that is to motivate people to write checks. [...]