Simpson-Bowles Austerity Gang: Go Home

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*+-Richard Eskow: Simpson and Bowles, those two hired pitchmen for budget-cutting hysteria, are still hawking an economy-killing product called “austerity economics,” a product that’s designed to benefit their wealthy patrons at everybody else’s expense.

Fiscal Cliff: Wall Street’s Latest Scam

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*+-RJ Eskow: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them.

A Tale of Two Town Halls

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*+-Joseph Palermo: The Republican House members who voted for Paul Ryan’s Ayn Rand wet-dream budget are apparently getting an earful from their constituents.

Obama Fights Fire with Gasoline

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*+-Robert Reich: The President has to reframe the debate around the necessity of average families having enough to spend to get the economy moving again. He needs to remind America this is not 1995 but 2011 — and we’re still in a jobs crisis brought on by the bursting of a giant debt bubble and the implosion of total demand.

Social Insecurity

*+-Jerry Drucker: Social Security has proven to be the greatest and most successful national social program ever created in the history of the world. The question becomes, why should we Americans feel insecure about Social Security? The trust fund today is secure and will be paying out at the current rates for at least 21 years from now. Well then if it’s not broken

Obama Wooing Economic Royalists

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*+-Norman Solomon: The best way to defeat right-wing xenophobic “populism” is to build genuine progressive populism. In the process, we can draw on the spirit of the New Deal.

Looking Forward

*+-Norman Solomon: Deficit commission co-chairs Alan Simpson and Erskine Bowles are pushing scenarios that would undermine Social Security, while all sorts of contorted rationales are in the air for continuing the Bush tax cuts for the wealthy.

D-Day in the Class War

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*+-Joseph Palermo: After a decade of stagnant or declining real wages, “bipartisan” schemes are proliferating to shift the burden of Washington policymakers’ own catastrophic mismanagement of the nation’s fiscal policies right onto the shoulders of working people.

Deficit Commission: Keynesian by Default

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*+-John Peeler: The fact is, neither liberals nor conservatives, neither Republicans nor Democrats, have the stomach for the major sacrifices that Simpson and Bowles are calling for, and it’s not at all clear that the public in general is ready either.

Why We Should Beware Budget-Deficit Mania

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*+-Robert Reich: The first draft of the President’s deficit commission, written by its co-chairmen Erskine Bowles and Alan Simpson, is a pastiche of ideas – some good, some dumb, some intriguing, some wacky. The only unifying principle behind their effort seems to be to throw enough at the wall that something’s bound to stick.