Catfood Party

senior savings

Carl Bloice: If the country were really impoverished, there would be some legitimacy to the idea that we really couldn’t afford to properly meet the needs the elderly, people with disabilities and the poor.

Why Jobs Still Matter More Than Budget Deficits

solis obama

Robert Reich: Government should extend unemployment benefits, and not cut spending until the nation’s rate of unemployment is down to 5 percent. Then, and only then, should we move toward budget austerity.

Supercommittee Sins

supercommittee

Brent Budowsky: The sin of the supercommittee is that it has merely mirrored the old-think politics it was created to rise above.

The Deficit Committee Is a Stacked Deck

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Carl Bloice: Obviously, there is nothing demographically representative of the Gang of 12. It’s hardly democratic; but then, there is nothing particularly democratic about the whole setup.

Super Committee to the Rescue

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The recent debt ceiling negotiation wrestling match resulted in the United States losing its AAA credit rating and also resulted in the creation of a new committee. The Joint Select Committee on Deficit Reduction, also known as the Supercommittee or Super Congress, was created by the Budget Control Act of 2011 on August 2.

Let’s Hope for Continued Fiscal Gridlock

starve the beast

Ivan Eland: The good news is that if the committee can’t reach an agreement on the fiscal changes, or if Congress rejects its work, defense (including homeland security) and domestic programs have to take equal cuts.

Save the Nation

Betty and Don Draper, of "Madmen"

Brent Budowsky: The president and congressional leaders should bring a new player to sit at this jobs-and-deficit table on behalf of all who love and serve the nation: Former Secretary of State and Chairman of the Joint Chiefs of Staff Colin Powell.

Ransom Paid

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Robert Reich: Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.

Understanding ‘Debtageddon’ Tuesday

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Denis Campbell: Many economists predict a failure to act before Asia markets open Sunday or Monday night could see an immediate stock market loss of up to 5% and wipe out 10% of US GDP by Tuesday night. It’s that serious.

Don’t Fall for GOP “Budget Crisis” Lie

tea party trip

Robert Reich: Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.

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