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...
by Isaiah J. Poole | Jul 8, 2011 | Blog
Today's Bureau of Labor Statistics report is a stunner, with only a net total of 18,000 new jobs created in June and the unemployment rate nudging upward to 9.2 percent. Meanwhile, conservatives in Congress have been literally leaving new jobs stranded on crowded,...
by | Jul 8, 2011 | Blog, Economy
If the topline numbers of today’s jobs report weren’t depressing enough, consider some other facts that, taken together, strongly suggest that we are in a serious economic crisis. Let’s start with the basics. The unemployment rate crept up to 9.2% in June. Only 18,000...
