Allison Mannos: Charity should not be a bribe to facilitate expansion at any cost. Walmart’s company values are reflected in the fact that a corporation whose net sales exceed the GDP of Norway would rather give charity to the poor than end the poverty it creates.
RJ Eskow: If great speeches could heal our economic wounds, if they could repair the ever-increasing gap between the rich and the rest of us, we’d be living in a different country today.
Steve Hochstadt: The total debt that American consumers have signed up for was about $11.3 trillion at end of 2012. About three-quarters of that comes from mortgages, with the rest on credit cards, from student loans, or as home equity loans.
Ellen Brown: The trillion dollar coin actually represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.
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.
Mark Naison: The last time we had an extended period of profits rising while wages stagnated was the 1920’s – many historians view this as the most significant underlying cause of the Great Depression.
Steven Hill: An expansion of the Social Security retirement system — one of the most successful and popular social programs in American history — that converts it into a more robust retirement system would build upon the most stable component of the current system.
JP Sotille: We need a national campaign to re-name “Social Security.” It is time to re-brand it as “The Freedom Fund.” Re-branding—it’s as American as freedom itself! And it works.
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.
Dan Bluemel: Despite government programs designed to improve the situation, the light at the end of the tunnel seems very far indeed for foreclosure victims. Thus the desperate turn to organizations like Occupy Fights Foreclosure..
Ellen Brown: Just as Occupy Sandy has pre-empted the official rescue agencies through community organizing, so a Public Bank of New York or New Jersey could pre-empt the vulture Wall Street banks and finance the state’s own rebuilding.
Robert Reich: The White House’s and Democrats’ single biggest failure in the cliff negotiations was not getting Republicans’ agreement to raise the debt ceiling.
Sharon Kyle: Up until this breaking news, President Obama maintained that a deal was “within sight” but most thought Congress would be unsuccessful.