Robert Reich: If Occupiers are expelled from specific geographic locations the Occupier movement can shift to broad-based organizing around the simple idea at the core of the movement: It’s time to occupy our democracy.
Sherwood Ross: All the Federal welfare checks, food stamps, and unemployment benefits don’t begin to add up to the more than $1 trillion in indirect tax breaks awarded annually to America’s middle- and upper-classes.
Robert Reich: Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.
Robert Reich: In truth, the most important variable explaining the rise and fall of tax revenues as percent of GDP has been the business cycle, not the effective tax rate.
Craig Williams: The best cure for California’s budget problems might be a big statewide tax reform campaign based on the commercial property tax legislation proposed by the progressive organization Cal Tax Reform (CTR) and sponsored by Assembly member Tom Aminao.
Tina Dupuy: “The rich create jobs” is a well-worn catch phrase from right-leaning political yappers who give this 1% all the credit when it comes to the financial health of the country. But the rich are not, in fact, the venerated “job creators.”
Carl Bloice: With public opinion across the political spectrum clearly opposed to slashing the healthcare and retirement programs, any negotiated settlement would be undemocratic.
Robert Reich: Republicans offered Democrats two more weeks before the doomsday shut-down. Democrats countered with four. Republicans held their ground. Democrats agreed to two. This is what passes for compromise in our nation’s capital.
Joseph Palmero: If you like the way things are in the United States today — with Gilded Age levels of inequality, weak labor unions, low-wage service jobs for most of the workforce, and a public sector that’s dying on the vine — then you can thank Ronald Reagan.
Steve Hochstadt: The voters spoke in November: They picked Quinn and a tax increase over Brady and no new taxes. One reason is that Brady could not identify for voters where he would cut much spending. The opponents of taxes did not propose any reasonable alternative to raising taxes to solve Illinois’ debt crisis.
TEd Vaill: The Republicans should remember that the vote in the 2010 elections, especially in Middle America, was not a vote of support for them, as their approval rating is worse than the Democrats, but it is a sign of huge discontent: a house that is underwater, with no relief from their crushing mortgage debt in sight, a job that has vanished or is in danger of being shipped overseas, diminishing hope that they will be able to afford to send their kids to college, and a feeling that their government has turned a blind eye to their problems.
Shamus Cooke: Obama’s Deficit Reduction Commission attacks Social Security and Medicare. The retirement age would be raised from 67 to 68 (for those born after 1959) and from 68 to 69 (for those born after 2006). But current retirees will be affected too. The social security cost of living adjustment will be unhinged from the inflation index, meaning, payments will decrease via inflation.
Wayne Williams: Now, if you can’t face the truth of living in the present and come to the table rather than be the party of no and hate, the rest of us are going to move forward and do it without out you.