by Hugh Upton | Dec 19, 2012 | Blog, Unemployment Benefits
President Obama criticized House Speaker John Boehner's "Plan B" proposal today because it lacks an extension for unemployment insurance for the long-term jobless. If the president fails to win on this issue, two million people will face tough choices. The mortgage...
by Richard Eskow | Dec 18, 2012 | Blog, Chained CPI, The Sequester
News reports say the President's proposed deal includes the "chained CPI," which would impose drastic Social Security cuts and tax hikes for everybody but the wealthy. And House Minority Leader Nancy Pelosi says that "Democrats will stick with the President." They...
by Digby | Dec 18, 2012 | Blog, Chained CPI
Greg Sargent is reporting tha the White House says they will make sure that the Chained CPI sell-out won't hurt the most vulnerable seniors. I don't know if they are basing this on the Simpson-Bowles formula, but if they are, it's bullshit: As part of...
by Richard Eskow | Dec 18, 2012 | Blog, Chained CPI
Our leaders in Washington heard from the voters last month. They may need to hear from them again. According to news reports a budget deal is coalescing around some very unattractive and unwise ideas. The deal's centerpiece is reportedly the "chained CPI," a back-door...
by Sam Pizzigati | Dec 17, 2012 | Blog, Economy, Minimum Wage
Some of today's most greedy are running giant multinationals. Some are just running their mouths. Their stories remind us just how much needs to change, economically and politically, in the year ahead. The essence of greed? Simple. Greed amounts to taking more than...
by Robert Borosage | Dec 14, 2012 | Blog, Financial Reform, Too Big To Jail
Senator Jeff Merkley, one of the handful of independent stalwarts on bank reform, today blasted the Attorney General for the Justice Department's apparent policy of giving big bankers a "get out of jail free" card. As he notes British bank HSBC admitted to serial...
