Let’s Hope for Continued Fiscal Gridlock

starve the beast

Ivan Eland: The good news is that if the committee can’t reach an agreement on the fiscal changes, or if Congress rejects its work, defense (including homeland security) and domestic programs have to take equal cuts.

Slouching Toward a Double Dip, For No Good Reason

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Robert Reich: We are slouching toward a double dip because we’re getting the problem wrong. Despite what Standard & Poor’s says, notwithstanding what’s occurring in Europe, and regardless of U.S. budget projections years from now — our current crisis is jobs, wages, and growth. We do not now have a debt crisis.

Why Obama Can’t Pivot to Jobs

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Robert Reich: The nation and Oba,ma remain hostage to the ideology of right-wing Republicans who won’t let the government spend more money. Yet if the government can’t spend more – at least this year and next, until the pump is primed and the economy is growing again – we won’t see job growth. And without job growth, the economy will remain anemic.

Understanding ‘Debtageddon’ Tuesday

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Denis Campbell: Many economists predict a failure to act before Asia markets open Sunday or Monday night could see an immediate stock market loss of up to 5% and wipe out 10% of US GDP by Tuesday night. It’s that serious.

Don’t Fall for GOP “Budget Crisis” Lie

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Robert Reich: Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.

7 Myths That Drive the Debt Ceiling Debate

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Adam Eran: The metaphors that frame the current Federal budget and debt ceiling debates are completely inaccurate, and if the media coverage is any indication, the public has swallowed them hook, line and sinker, too.

What “Shared Sacrifice” Means

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Carl Bloice: All across the country social services, which largely benefit lower income women, men and children are being cut back and people who made them function are being added to the ranks of the unemployed.

Mayors to Obama: Bring War Dollars Home

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Peter Dreier: At its annual conference in Baltimore, the U.S. Conference of Mayors passed a resolution calling for an end to the wars in Afghanistan and Iraq, saying that the money could be put to better use at home.

Across-the-Board Spending Cut Proposals Go Mainstream

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Ivan Eland: Deep down, both Republican and Democratic politicians believe something needs to be done about the monstrous and dangerous deficit and debt, but they are scared to do anything because, unfortunately, the American people want their government handouts but are unwilling to pay for them.

Voters Rejecting Obama’s Rightward Shift

President Barack Obama waves to the people gathered on the street outside the Cidade de Deus (City of God) favela Community Center in Rio de Janeiro, Brazil, Sunday, March 20, 2011. (Official White House Photo by Pete Souza)

Randy Shaw: As dysfunctional as the Republican presidential contest is likely to be, when presidential elections are framed around Republican issues like deficits rather than Democratic issues like jobs, the Republican candidate nearly always wins.

Beware of the Racial Demagoguery

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Carl Bloice: With public opinion across the political spectrum clearly opposed to slashing the healthcare and retirement programs, any negotiated settlement would be undemocratic.

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.

Tax War!

trickle down economics

Tina Dupuy: Republicans claim to be the arbiters of fiscal discipline, but their record says otherwise. The Ryan Plan, which passed the House, was like a cat burglar writing the charter for the neighborhood watch.

Why Obama’s Proposal Is Risky

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Robert Reich: The underlying problem isn’t the budget deficit. It’s that so much income and wealth are going to the top that most Americans don’t have the purchasing power to sustain a strong recovery.

Disaster Capitalism in the Budget Debate

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Adam Eran: Historic tax reductions on the wealthy, and the Wall-Street-Fraud recession, have reduced public revenues, and this reduction now makes otherwise too-popular-to-cut programs vulnerable. But are such cuts really necessary?

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?

War and Workers

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Lydia Howell: Whether it’s debt-ridden college graduates working as baristas or small town youth with only fast-food and Wal-Mart as post-high school career options, high unemployment keeps a volunteer military ranks full.

Why Obama Isn’t Fighting the Budget Battle

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Robert Reich: Obama won’t actively fight the budget battle if the current White House view of how he wins in 2012 continues to prevail.

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