Nick Cano: We do not have enough such leaders right now. Instead, we have zombie leaders. They shuffle through the halls of the Capitol, mumbling their “Cut-Cut” mantra and legislating misery, and they are dead inside in all the ways that mark a person as human, humane or humble.
Ashley Thomas: A strong safety net means that families have support during times of crisis, and many California families have experienced a financial crisis lasting eight years. The Governor needs to reinvest in social services and provide a strong safety net to vulnerable families.
Tara Culp-Ressler: A recent study conducted by Harvard researchers estimated that as many as 17,000 people will die directly as a result of their states refusing to expand Medicaid.
RJ Eskow: Congress has cut 14 out of the last 16 SSA budget requests. There’s only one rational explanation for that: a hostility toward government itself, combined with the determination to place more public resources in corporate hands through “privatization.”
Muna Adem: Shanesha Taylor did what she felt she needed to do to survive. She did what many would have done if they were in her shoes. This is what inadequate social support produces.
Richard “RJ” Eskow: On the same day that Goldman Sach’s CEO issued his “balanced” demand for Social Security and Medicare cuts, a Wall Street-funded group published a poll precisely reflecting the wishes of Goldman Sach’s CEO. Coincidence? I report, you decide.
Ellen Brown: Congress has removed nearly every consumer protection from student loans, including not only standard bankruptcy protections, statutes of limitations, and truth in lending requirements, but protection from usury.
Adam Eran: The real outrage is that private banks receive far more money than any social safety net program would need, but the proposed cuts impact only safety net programs.
Ron Wolff: If social welfare programs work, then countries with more extensive programs should report a smaller percent of their population living in poverty. And that is exactly what we find.
The stock market reached a six-year low today. Why? Some blame loose talk (including that of former Fed Chair Alan Greenspan) about nationalizing the nation’s banks. Others blame Obama’s new plan for helping homeowners who may not be able to pay their mortgages. But the real culprit is the accelerating decline in aggregate demand — […]