by Robert Borosage | Aug 2, 2011 | Blog
The debt ceiling agreement passed by Congress today sets up a 12-person "super committee" with extraordinary powers and the mandate to locate $1.5 trillion in spending cuts and/or increased revenues for expedited vote by December. The Republican and...
by Dave Johnson | Aug 1, 2011 | Blog
The country has been held at gunpoint: a faction of the Congress, in service to a wealthy elite, were able to get away with threatening us, saying "give us everything we want or we will kill your economy." The other side, inured now to one-dollar-one-vote "market"...
by Richard Eskow | Aug 1, 2011 | Blog
Today we're watching the end of a brief manufactured crisis - and the beginning of a long national nightmare. The "debt ceiling" deal has been crafted so that "centrist" (i.e., right-wing) Democrats and Republicans can finally implement the draconian measures they...
by Richard Eskow | Aug 1, 2011 | Blog
How is this deal likely to affect your household? If you're in the top 1% of earners, there's no need to read any further because it probably won't affect you personally. Here are five ways it's likely to affect the rest of us: 1. You'll be less likely to find a job...
