Mad About Money

greed

Peter Laarman: The very wealthiest Americans, whose share of income and wealth has shot up astronomically for the past 25 years, have somehow gotten a huge number of other Americans to buy into the idea that there isn’t enough money. And that therefore we should cut lifeline benefits that go to poor children and sick people and old people and veterans.

Fixing the Economy’s Real Problem

obama shaking hands

Robert Reich: The President needs to deliver the same message to the public, loudly and clearly. The biggest problems we face are unemployment, stagnant wages, slow growth, and widening inequality — not deficits. The major goal must be to get jobs and wages back, not balance the budget.

Double Whammy: School Reform Amidst Austerity

basketball court

Mark Naison: the most tragic thing about this kind of austerity is that school districts have shown they are far more willing to use increasingly scarce funds on testing and evaluation rather than art, music, sports, gym, and school counselors and librarians.

The GOP’s Crippling Fascination with Neo-Hooverism

herbert hoover

Charley James: Democrats generally, and the President specifically, must forget trying to do deals with a party that has no interest in making one and shout from the rooftops that it’s time to spend money and put America back to work.

Stop Obsessing About the Budget Deficit

fiscal cliff notes

Robert Reich: I wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal.

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.

New Mandate, New ‘Fiscal Cliff’ Math

obama wins

Richard “RJ” Escow: The voters have asked President Obama and his fellow Democrats not to “shirk a fight” over economic issues. We look forward to seeing the democratic process unfold as a much-needed fight against economic injustice is played out in the public arena.

And Now: Forgive Us Our Debts!

obama accepts

Peter Laarman: Just a word about the Next Big Thing: the coming lame duck session and the “fiscal cliff” and the prospect of a not-so-grand bargain in which Democrats will yield yet more ground to Pete Peterson’s baleful “austerity for you but not for me” proposals.

Presidential Debate Wednesday, Jobs Report Friday

obama

Robert Reich: The biggest election news this week won’t be who wins the presidential debate Wednesday night. It will be how many new jobs were created in September, announced Friday morning by the Bureau of Labor Statistics.