Why Deficit Reduction, Not Jobs and Wages?

fiscal cliff santa

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.

From North Dakota to Scotland: Exploring the Public Bank Option

bank credit

Ellen Brown: A publicly-owned bank could help Scotland take control of its own economic destiny, by avoiding unnecessary debt to a private banking system that has become a burden to the economy rather than a pillar in its support.

Austerity Measures Meet Resistance and the Democratic Will

austerity measures

Carl Bloice: It’s funny how a dramatic political crisis can focus the mind, how things like the Occupy movement and the European voters’ revolt can shift perception — even the public expression — of the powers-that-be in politics and the media.

A New Conversation about Public Spending Needed

no compromise

Tanya Acker: People who can’t read, however, are very easy to divide and even easier to command. No demagoguery can save us from that.

The Tinder-Box Society

poverty

Robert Reich: Most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop.

Let’s Have a Tea Party

tea party congress

Ted Vaill: Teabaggers, look at what has happened this past week in England – get rid of entitlements and you have rioting in the streets fomented by the unemployed youths who have been pushed down through England’s safety net.

How Austerity Is Ushering in a Global Recession

world-economy-wide

Robert Reich: Chalk up a big part of Europe’s slowdown to the politics and economics of austerity. Europe – including Britain – have turned John Maynard Keynes on his head. They’ve been cutting public spending just when they should be spending more to counteract slowing private spending.

The Great Jobs Depression Worsens, and the Choice Ahead Grows Starker

depression

Robert Reich: If there was ever a time for bold government action it is precisely now. Obama should be storming the country, demanding the largest responses to the jobs emergency in history. He and the Dems should be giving Republicans hell for their indifference to all this.

Downsizing the Prison-Industrial Complex

Barry Krisberg (Peg Skorpinksi photo)

Cathy Cockrell: California’s obsession with incarceration — at $50K a year per adult, $250K per juvenile — is unsustainable, says criminologist Barry Krisberg

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