Joseph Palermo: The last-minute lobbying by the titans of industry and finance shows that President Obama might have had more leverage over the Republicans in the debt ceiling “negotiations” than he chose to exercise. We now breathlessly await the arrival of the “Super Committee,” the tragedy that follows the farce.
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.
Carl Bloice: If the people who set the Tea Party in motion and sustain it want a mandatory “balanced budget” there is a democratic way of going about getting one; introduce specific legislation. They wouldn’t take that route.
Lucia Brawley: Polls showed a majority of Americans wanted Obama to compromise more. He did. In the election, no one can say he is the unreasonable one.
Steve Hochstadt: Our economic disaster is not about national debt, but about national poverty. America cannot be a great country, if we do not alleviate the critical economic problems gripping our poorest families.
Vijay Prashad: In the Progressive Caucus there was unanimity in the critique, but some hesitation over the way ahead. A few people felt that the far right was dangerous, and it seemed unsafe to unhinge what appeared to be Obama’s walkover in 2012.
Randy Shaw: A progressive coalition that claims to be “Bigger than the Tea Party” must hold Democrats accountable as effectively as conservatives do for Republicans .
Robert Reich: Standard & Poor’s insists any deal must also contain a credible, bipartisan plan to reduce the nation’s long-term budget deficit by $4 trillion — something neither Harry Reid’s nor John Boehner’s plans do.
Paul Loeb: Obama has forgotten the basic lesson of negotiation — you don’t hand everything over before you start, particularly to people who have utter contempt for your values and goals.
Carl Bloice: All across the country social services, which largely benefit lower income women, men and children are being cut back and people who made them function are being added to the ranks of the unemployed.
Ted Vaill: Every Member of Congress who voted against increasing the debt ceiling should be targeted for defeat in the 2012 election. If that is not successful in changing the makeup of Congress after 2012, I may follow the lead of my ancestor Pelatiah Everett, and begin a new revolution.
Robert Reich: It’s no accident that President Obama appears to be following the Clinton script. After all, it worked.
Shamus Cooke: Listening to Congress debate deficit deduction is like listening to a den of lions discuss the welfare of zebras. In both cases the debate is very one-sided.