Steve Hochstadt: Dodd-Frank was passed by Democrats when they controlled Congress. Nearly every Democrat voted for Dodd-Frank, and nearly every Republican voted against it.
Social Security is a program that includes provisions for retirement, disability insurance and survivor benefits. It can be self sustaining if structured to do so. The articles below discuss both its challenges and opportunities. In this video Senator Elizabeth Warren offers clear explanations for why Chained CPI is bad for the average American.
Ann Robertson and Bill Leumer: The 99% Spring is the latest effort by those close to the Democrats to take advantage of Occupy, but the results were less than spectacular.
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.
Carl Bloice: If the country were really impoverished, there would be some legitimacy to the idea that we really couldn’t afford to properly meet the needs the elderly, people with disabilities and the poor.
Shamus Cooke: Most Occupiers have learned that raw enthusiasm alone cannot bring victory to a social movement; ideas matter too. Action divorced from strategy equals wasted energy, divisiveness, diversions and unnecessary mistakes. Not all tactics push the movement forward.
Wednesday night’s packed Town Hall at the Robert A. Millikan Middle School auditorium in Sherman Oaks (January 4, 2012) to meet Congressman Howard Berman (D), the San Fernando Valley’s longest serving representative, was an informative and low-key affair about a good number of hot-button issues, punctuated by occasional but persistent outbursts from . . . […]
Robert Reich: Not a day goes by without Republicans decrying the budget deficit. But the biggest single reason for the yawning deficit is big money’s corruption of Washington.
Joseph Palermo: Despite the redeployment of U.S. troops out of Iraq, during this dismal period of “austerity” the public isn’t likely to see any discernible difference in the government’s misplaced priorities.
Shamus Cooke: For Occupy to grow into a democratic revolutionary movement, the working majority of the population must join in, requiring that Occupy broadcast a message based on concrete working-class demands.
Steve Hochstadt: The calls to flatten the income tax, to eliminate welfare payments, and to repeal regulation of industry are about going back to an earlier America, where the rich and powerful could use their advantages without hindrance.
Vivian Rothstein: According to the American Association of Retired People (AARP), a frightening 35 percent of Americans over 65 currently rely only on Social Security (an average person gets benefits of $14,000/year) to survive.
Randy Shaw: I expect many Occupy supporters to spend time from Labor Day to Election Day in 2012 on statewide initiatives seeking to raise taxes on the 1% in order to fund schools and other vital needs.
Friday Feedback: This week, John comments on “Real Social Security: A Just Distribution of Wealth” by Charles Hayes.