by Dave Johnson | Jul 10, 2011 | Blog, Economy, Making it in America
Negotiating with crazy people is always a bad idea and negotiating with hostage-takers is dangerous. But negotiating with crazy hostage-takers is worse than dangerously bad. The “debt-ceiling” deal being negotiated to keep the economy from being crashed could crash...
by Dave Johnson | Jul 10, 2011 | Blog, Economy
In the middle of the worst job crisis since the Depression many Democrats forgot about jobs and got all in a tizzy about cutting budgets. All the usual suspects made a lot of noise about deficit reduction, and the cocktail-party and dinner-party circuits all knowingly...
by Richard Eskow | Jul 8, 2011 | Blog, Chained CPI
This isn't the first time the White House has floated the idea of Social Security cuts as part of a 'grand bargain' with Republicans, and it's not the first time there's been a groundswell of opposition. But that opposition has never crystallized so quickly into...
by Roger Hickey | Jul 8, 2011 | Blog
The Washington Post and NY Times report that President Obama will offer Republican negotiators major cuts to Social Security and Medicare when they meet today. Supporters of these essential programs are outraged -- and rightly so. We've been told that Social Security,...
by Roger Hickey | Jul 8, 2011 | Blog
The unemployment numbers released today are terrible, and they show that budget austerity is crippling the recovery. After the worst recession since the Great Depression, the federal government made an effort to stimulate growth and to help state and local governments...
