Local Fights Against Austerity Growing

michigan protests

Mark Vorpahl: Between sequestration and the billions of cuts to social programs that Obama is pushing, it is evident that the economic policies of both major parties are not intended to promote a recovery for working people.

Will Dems Tax Rich to Avoid Fiscal Cliff?

butting heads

Shamus Cooke: Literally the day after the election a sudden “urgency” gripped the nation: the imminent danger of the so-called “fiscal cliff” — the national automatic tax increases and spending cuts due in January.

Enlightened Economics: There Is an Alternative

money lesson

Mark Dempsey: One Modern Monetary Theory economist suggests sending each American household $50,000 to pay down debts, which would not only be cheaper than the $16-$29 trillion Wall Street bailout, it would bail out Main Street instead of the banks.

Job Crisis Denial

jobs treading water

Shamus Cooke: Both parties are not talking about the fiscal cliff because they share the exact same solution: austerity -cuts to social programs, government layoffs, and other measures to make working people pay for the nation’s debt instead of the rich and corporations.

For Progressives, Debt Ceiling “Deal” Was a Real Downer

wall-street-vulture-wide

Joseph Palermo: The last-minute lobbying by the titans of industry and finance shows that President Obama might have had more leverage over the Republicans in the debt ceiling “negotiations” than he chose to exercise. We now breathlessly await the arrival of the “Super Committee,” the tragedy that follows the farce.

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