Ellen Brown: Even the world’s most resource-rich country has now been caught in the debt trap. Its once-proud government programs are being subjected to radical budget cuts—cuts that could have been avoided if the government had not quit borrowing from its own central bank in the 1970s.
Carl Bloice: The average period of unemployment now exceeds 26 weeks, well above the previous peak in July 1983 of just 21.2 weeks. This is critical because the longer that people of any age are out of work, the less likely they are to find another job.
Shamus Cooke: Hefty splits in the labor movement have already emerged on whether to support Obama’s reelection, based on his complete lack of action on creating jobs combined with his false promises in the 2008 election.
Michael Sigman: With Bachmann having no chance to win the nomination, it’s shaping up as a race to the bottom between Romney and Perry, fantasies of a deus ex machina notwithstanding.
Vijay Prashad: The drain of wealth to the war economy is a massive regressive taxation on the population: the rich who pay a much smaller proportion of their taxes and the corporations are insulated from the costs of war, and indeed some of them benefit from the windfalls of war.
Robert Reich: The silence is deafening. While the rest of the nation is heading back toward a double dip, Washington continues to obsess about future budget deficits. Why?
Randy Shaw: Why did California progressives do so well in the midterm elections, in contrast to conservatives’ success nationally? A major reason is that the state’s activists pushed progressive policies without seeking approval from politicians.
Shamus Cooke: The massive One Nation demonstration in Washington, D.C. proved that unions and other progressive groups can unite under a set of demands. But uniting for one demonstration is not enough.