Robert Reich: When unemployment is still in the stratosphere, it would be insane to start cutting the deficit by $3 trillion to $4 trillion. That would push unemployment into outer space.
Super Committee to the Rescue
By
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.
Deficit Reduction Versus Democracy
By
Shamus Cooke: Listening to Congress debate deficit deduction is like listening to a den of lions discuss the welfare of zebras. In both cases the debate is very one-sided.
Ecuador’s Social Spending Increase Lifted Many Out of Poverty
By
Brian McAfee: An important aspect of President Correa’s policies has been a noticeable and ongoing reduction in poverty.
The Fight to Save Social Security Begins Now
By
Shamus Cooke: Obama’s Deficit Reduction Commission attacks Social Security and Medicare. The retirement age would be raised from 67 to 68 (for those born after 1959) and from 68 to 69 (for those born after 2006). But current retirees will be affected too. The social security cost of living adjustment will be unhinged from the inflation index, meaning, payments will decrease via inflation.
PCL offers monthly Open House Events on the 2nd Saturday at 2pm and 3rd Thursday at 6pm. Click here to learn more.
Recent Comments