Who Is Behind the Deficit Crisis

tax breaks

*+-Shamus Cooke: Unless labor and community groups massively mobilize working people in fighting for a pro-worker solution to the deficit crisis, austerity measures — like reducing Social Security and Medicare — will be forced upon us.

Near Insanity at the Federal Reserve

Dominick Armentano

*+-The latest economic news isn’t pretty. Price inflation is raging everywhere, yet in most housing markets, sales are weak and prices are still in near free-fall. Crude oil and gasoline prices are at record levels and still climbing, despite my recent prediction that oil prices would fall (be patient, they will).