That’s Where the Money Goes

f 35

Lawrence Wittner: Although studies have found that the United States ranks 17th among nations in education, 26th in infant mortality, and 37th in life expectancy and overall health, there is no doubt that it ranks first when it comes to war.

Winner Takes All: The Super-Priority Status of Derivatives

golden egg

Ellen Brown: “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.

Sequester: Holding the American People Hostage

boehner cuts off nose

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.

GOP Too Nuts for Obama’s Debt Ceiling Gambit

obama and senior staff

Robert Reich: So it must be that he’s counting on public pressure — especially from the GOP’s patrons on Wall Street and big business — to force Republicans into submission.

Why Big Banks Will Pay The Piper in 2013

patching panks

Bruce Reilly: 2013 is poised to become the most important year of the subprime aftermath. The five-year statute of repose, the window within which cases are arguably eligible under the Securities Act, will close.

President Obama: Aim High on Grand Bargain

obama boehner deal

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

Unlike Mitt Romney, Most Americans Want to Cut Military Spending

submarine

Lawrence Wittner: In the context of severe budget cutting by Congress, popular domestic social programs are being sacrificed to support the U.S. military budget — so much so that it currently consumes more than half of the U.S. government’s discretionary spending.

Will China Dominate the Skies? – May 14th

China Wall

China plans to spend a quarter of a trillion dollars on expanding its aerospace industry, and the city of Xi’an alone has 250,000 workers in the field. Scores of new airports are under construction. And China hopes to create the next Boeing or Airbus.

Whose Recovery?

obama boeing

Robert Reich: The reverse-Robin Hood budget plan just announced by Paul Ryan and House Republicans (and endorsed by Mitt Romney) would make the lopsidedness far worse – dramatically cutting taxes on the rich and slashing public services everyone else depends on.

How Greece Could Take Down Wall Street

occupy los angeles

Ellen Brown: As Aristotle told this ancient Greek tale, Midas died of hunger as a result of his vain prayer for the golden touch. Today, the Greek people are going hungry to protect a rigged $32 trillion Wall Street casino.

Super Committee Deadlock: Heads They Win, Tails We Lose

super committee

Ellen Brown: Either way the super committee goes, the economy will wind up with $1.2 trillion less in the way purchasing power. The result will be to reduce demand, kill jobs, and put more people on the streets.

Trigger Deficit Cuts When Unemployment Drops to 5 Percent

supercommittee

Robert Reich: So the best of all worlds is to have a big jobs plan now, and also commit to automatic cuts triggered when unemployment falls to 5 percent.

The Corporate Pledge of Allegiance

corporate donors

Robert Reich: The Court thinks corporations have First Amendment rights to spend as much as they want on politics, and Romney (and most of his fellow Regressives) think they need lower taxes and fewer regulations in order to be competitive. These positions are absurd on their face.

Washington Pre-Occupied

occupy washington

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.

The Oddness of the President’s Upcoming Deficit-Reduction Plan

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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.

Jobs: A Grand Bargain

obama phoning

Brent Budowsky: Great presidents know the difference between empty public gimmicks and game-changing public policy. They demand creative ideas, not mediocrity or defeatism, from those who advise them.

Three Ideas to Fix the Economy

jobs-mob-wide

Judith Stein: The chances of immediate action on jobs are remote, but analyzing the causes of the crisis, devising and promoting a program that can restore growth and jobs, and constructing a politics that can effect change is crucial because there will be future political openings.

10 Reasons for Progressives to Feel Reassured About the Debt Package

Lucia Brawley: Polls showed a majority of Americans wanted Obama to compromise more. He did. In the election, no one can say he is the unreasonable one.

The Biggest Driver in the Deficit Battle: Standard & Poor’s

Boehner_Reid-wide

Robert Reich: Standard & Poor’s insists any deal must also contain a credible, bipartisan plan to reduce the nation’s long-term budget deficit by $4 trillion — something neither Harry Reid’s nor John Boehner’s plans do.

More Peace Corps, Less Pentagon

bangladesh-1

Sherwood Ross: If the White House took an altruistic approach in foreign affairs — that is, if it rejected greed, exploitation, and war in favor of fair play, charity, and humanitarian assistance — It would find there is strength and dignity in serving others—in building infrastructure, in opening schools and educating, in ministering to the afflicted. That’s the way to win friends and influence people.

Don’t Be a Chicken: Go for the Defense Budget!

okinawa

Steve Ybarra: Now that Boner blinked, all this talk about the budget got me to thinking, just how much money do we spend on military bases, where are they, and what difference do they make to the average American?

Obama Needs Demand-Side Solutions

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Robert Reich: Businesses are reluctant to spend more and create more jobs because there aren’t enough consumers out there able and willing to buy what businesses have to sell.

Budget Jujitsu

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Robert Reich: We can reduce the long-term budget deficit, keep everything Americans truly depend on, and also increase spending on education and infrastructure — by cutting unnecessary military expenditures, ending corporate welfare, and raising taxes on the rich.

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The Fake Budget Debate

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Shamus Cooke: This two-party big lie is not an accident, but an expression of a deeper held belief: that the U.S. government must be directed to meet the needs of the super wealthy who own U.S. corporations.

The Progressive Caucus Budget

What Do You Expect

We hear a lot about Ryan’s budget and the President’s budget but we’re not hearing very much about the Congressional Progressive Caucus Budget which appears to be more in line with what the average middle class American wants and needs. What’s up with that?

Portland Rising! Rally and March to Demand Jobs, Not Cuts!

Mark Vorpahl: Labor and the community members can begin to exercise their voice by taking to the streets in a clear display of massive unity behind such demands as for a federally funded jobs program and no cuts to the social safety net.

Wall Street’s Birthday Nothing to Crow About

wall street

Robert Reich: Happy Birthday Wall Street. Party away. Just know that most Americans aren’t joining the celebration.

The Jobs Report, and America’s Two Economies

looking for work

Robert Reich: With corporate profits are through the roof, the Dow is flirting with 12,000, Wall Street paychecks are fat again, and big corporations are sitting on more than $1 trillion in cash, you’d expect jobs be coming back. But you’d be wrong.

Why the Republican Budget Plan Is a Hairball

angry bull

Robert Reich: What happened to John Boehner’s $100 billion budget-cutting commitment? What became of Paul Ryan’s big ideas? Where did all the roaring and raging on the right during the 2010 election go?

Tis The Season for Bullies

Steve Ybarra

Steve Ybarra: Hey, Speaker-Elect Boehner: What are you going to cut to equalize the $1 trillion giveaway to your business putos that you just passed? Or are you a real hypocrite who only wants to cut spending when it doesn’t affect the Republicants?

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