Walter Brasch: The Congressional Budget Office says the sequester could cut more than 750,000 federal jobs. Republicans like that idea, especially since most federal employees are also members of unions. But, those jobs include public health officials, social service workers, teachers, air traffic controllers, and others in critical jobs.
Robert Reich: S&P’s intrusion into American politics is also ironic because, as I pointed out recently, much of our current debt is directly or indirectly due to S&P’s failures (along with the failures of the two other major credit-rating agencies — Fitch and Moody’s) to do their jobs before the financial meltdown.
Robert Reich: The nation and Oba,ma remain hostage to the ideology of right-wing Republicans who won’t let the government spend more money. Yet if the government can’t spend more – at least this year and next, until the pump is primed and the economy is growing again – we won’t see job growth. And without job growth, the economy will remain anemic.
Paul Hogarth: California voters are already filling out their absentee ballots. While they vote to pass Prop 19 and “no” on Prop 23, it’s important for them to also vote “yes” on Prop 24 and 25 – but most importantly, “no” on Prop 26. If we don’t get the word out, it could pass.
Andrea Nill: At a recent town hall meeting in Tempe, Arizona, Sen. Jon Kyl (R-AZ) announced that President Obama is “holding border security hostage” to immigration reform. Kyl claims that Obama suggested in private that Democrats won’t secure the border because, if they do, Republicans will have no reason to support immigration reform
Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.