Mad About Money

greed

Peter Laarman: The very wealthiest Americans, whose share of income and wealth has shot up astronomically for the past 25 years, have somehow gotten a huge number of other Americans to buy into the idea that there isn’t enough money. And that therefore we should cut lifeline benefits that go to poor children and sick people and old people and veterans.

President Obama: Aim High on Grand Bargain

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Robert Reich: I hope the President starts negotiations over a “grand bargain” for deficit reduction by aiming high. After all, he won the election.

The Supreme Court and the “Broken Middle”

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Joseph Palermo: By striking down the Montana campaign finance law that dates back to 1912, the Supreme Court steams ahead on its long-term project of turning our political system over to giant corporations.

The Uppity Negress & the O.G.s

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Sikivu Hutchinson: In a 2000-plus word article about the social justice outreach and scholarship of non-believers of color seems the O.G.s were most riled about the Negress’ wack critique of white supremacy and scientism in the Kumbaya atheist nation.

Thoughts on Tax Day 2012

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Robert Reich: I worry about the well-financed big lies that the very rich are the nation’s “job creators,” that the benefits from tax cuts on the rich “trickle down” to everyone else.

An Offer to the President

Photo: White House Photographer Pete Souza

Robert Reich: So here’s the deal: We’ll reelect you. We’ll stand behind you. We’ll give you a mandate to do all this – and more – in your second term. As long as you stand behind us.

Stop the Austerity Train Wreck!

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Robert Reich: Agreement or not, Washington is on the road to making budget cuts that will slow the economy, increase unemployment, and impose additional hardship on millions of Americans.

Occupiers Occupied: Hijacking the First Amendment

wealthy role models

Robert Reich: If Occupiers are expelled from specific geographic locations the Occupier movement can shift to broad-based organizing around the simple idea at the core of the movement: It’s time to occupy our democracy.

Washington Pre-Occupied

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Robert Reich: The Occupier movement is still in its infancy in the United States, but it cannot be stopped. Here, as elsewhere, people are outraged at what feels like a rigged game.

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.

Republican War on Worker Rights Undermines Economy

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Robert Reich: The only way back toward sustained growth and prosperity in the United States is to remake the basic bargain linking pay to productivity. This would give the American middle class the purchasing power they need to keep the economy going.

The Great Switch by the Super Rich

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Robert Reich: Forty years ago, wealthy Americans financed the U.S. government mainly through their tax payments. Today wealthy Americans finance the government mainly by lending it money.

How Democrats Can Become Relevant Again

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Robert Reich: Republicans offered Democrats two more weeks before the doomsday shut-down. Democrats countered with four. Republicans held their ground. Democrats agreed to two. This is what passes for compromise in our nation’s capital.

The Coming Shutdowns and Showdowns: What’s Really at Stake

deficit wolves

Robert Reich: Public budgets are in trouble because revenues plummeted over the last two years of the Great Recession. They’re also in trouble because of tax giveaways to the rich.

The Republican Strategy

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Robert Reich: The Republican strategy is to split the vast middle and working class – pitting unionized workers against non-unionized, public-sector workers against non-public, older workers within sight of Medicare and Social Security against younger workers who don’t believe these programs will be there for them, and the poor against the working middle class.

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The Big Lie

death panels

Robert Reich: Americans no longer have the purchasing power to keep the economy going at full capacity. Since the debt bubble burst, most Americans have had to reduce their spending; they need to repay their debts, can’t borrow as before, and must save for retirement.

Why Obama Wins on Foreign Policy and Gays but Loses on Economics and Taxes

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Robert Reich: When it comes to protecting the fortunes of America’s rich (mostly top corporate executives and Wall Street) and maintaining their strangle-hold on the political process, Senate Republicans, along with some Senate Democrats, don’t budge.

Why the Tax Deal Is an Abomination

Robert Reich: The deal the President struck with Republican leaders is an abomination. It’s larger than the bailout of Wall Street, GM, and Chrysler put together, larger than the stimulus package, larger than anything that’s come out of Washington in years. The president needs new advisors.

The Big Economic Story; Why Obama Isn’t Telling It

tax cuts for the rich

Robert Reich: In reality, the lousy economy is due to insufficient demand – the result of the nation’s almost unprecedented concentration of income at the top.

Apology For Slavery: How Convenient, But What Does It Really Mean?

The U.S. House of Representatives issued an apology for slavery last week. Something some people have waited for some 10 lifetimes, something others thought would never happen, what was once a significant event that would lead to progress in Racial Americana went largely under-reported.