by Robert Borosage | Jan 3, 2013 | Minimum Wage, The Sequester
Washington is careening off the fiscal cliff smack into the debt ceiling. These mind-numbing mixed metaphors are not the currency of a well-governed nation. Once more, Washington is fixated on what and how to cut. Once more, the media is clamoring for a deal, for...
by Robert Borosage | Jan 1, 2013 | Economy, Minimum Wage, The Sequester
Early this morning, the Senate passed the fiscal cliff deal by 89-8, a margin virtually guaranteeing that it will survive in the House. The deal has some good parts. It lets the Bush tax cuts expire on the wealthy, raises the estate tax marginally and increases...
by Dave Johnson | Dec 31, 2012 | Blog, Reagan Revolution
Before 'W' got in and made changes in taxes and military spending we were paying off the debt. Bush said the deficits that resulted from his changes were "extremely positive news." (Yes, that is in quotes, click the link.) Before that Reagan also caused deficits on...
by Richard Eskow | Dec 25, 2012 | Blog, Chained CPI
This is a moment of moral clarity. Right now there are only two sides in the Social Security debate: the side that says it's acceptable to cut benefits -- in a way that raises taxes for all income except the highest -- and the side that says it isn't. It's time to ask...
by Richard Eskow | Dec 23, 2012 | Blog, Chained CPI
Liberals and progressives who want to cut Social Security? Democrats who want to cut one of their party's signature achievements? "It has been done in your name, or at least in that of your family," said Scrooge. As Christmas Eve approaches, supporters of the "chained...
by Richard Eskow | Dec 21, 2012 | Blog, Chained CPI
The so-called 'fiscal cliff' was never real. Congress and the President invented it during last year's negotiations, apparently to persuade voters that unpopular budget measures were needed to avoid a crisis. With the collapse of John Boehner's 'Plan B,' that gambit...
