Robert Reich: Austerity economics — of which Ryan’s upcoming budget is the most extreme version — is a cruel hoax. Cruel because it hurts most those who are already hurting; a hoax because it doesn’t work.
Lawrence Wittner: At this time of severe cutbacks in government funding for food stamps, early childhood education, and meals on wheels, some Maryland legislators are hard at work looking out for the welfare of one of the world’s wealthiest corporations.
Ellen Brown: Default on the public debt, nationalization of the banks, and a citizen dividend could actually save the Italian economy.
Brent Budowsky: There was no excuse for the president to shout from the rooftops about the dangers of sequester while not doing a thing to prevent it. Americans need jobs, not spin, and leaders, not photo ops.
Lauren Windsor: Rapper 50 Billion of The Billionaires is joined by several of The Young Turks in this satirical music video parody I wrote and produced. “U Can’t Cut This” is an ode to the notorious sequester, a product of our utterly corrupt American political system.
Berry Craig: Polls show the Republicans are about as popular as a wet dog at a wedding in most parts of the country. Even so, count me not among lefties who think the sequester snafu is the last nail in the GOP coffin.
Steven Hill: Want a smarter workforce? A stronger manufacturing sector? Germany seems to offer a blueprint for Obama’s middle-out economic agenda — if we take away the right lessons
Steve Hochstadt: If the public had perfect understanding of the elements that we examined, the proportion of Americans who favor “Obamacare” might increase from the current level of 32% to 70%.
Karen Finney: Now that they have an opportunity to demonstrate concern for the middle class, Congressional Republicans seem willing to go to the mattresses to oppose Obama and defend economic policies designed to protect the extensive tax loopholes and breaks enjoyed by the top 1 percent and multinational corporations.
Ellen Brown: Quantitative easing (QE) is supposed to stimulate the economy by adding money to the money supply, increasing demand. But so far, it hasn’t been working. Why not? Because as practiced for the last two decades, QE does not actually increase the circulating money supply. It merely cleans up the toxic balance sheets of banks.
Peter Dreier and Donald Cohen: Raising the minimum wage is good for business and the overall economy. Why? Because when poor workers have more money to spend, they spend it, almost entirely in the local community, on basic necessities like housing, food, clothing and transportation.
Robert Reich: So where’s the outcry? Why aren’t more people up in arms? Why aren’t big businesses (including major military contractors) and Wall Street screaming into the ears of the GOP? Where’s the outrage from Main Street?
JP Sotille: The foreclosure scandal did not happen organically, nor was it just a matter of circumstance or the business cycle. It was a well-played game of slick mortgage salesmanship, cheap money lent, bad debt sold, insurance bets hedged and the whole system played like a golden harp.