by Zach Carter | Nov 16, 2010 | Blog
Despite escalating outrage over rampant foreclosure fraud, the Federal Reserve now appears ready to eviscerate a key mortgage regulation in an effort to spare banks the losses from their own wrongdoing. Even as bank executives preposterously claim to have wronged...
by Richard Eskow | Nov 16, 2010 | Blog, Financial Reform
Only 6% of Americans think Congress should concentrate on reducing the deficit or changing the tax code, according to the latest CBS News poll. Nearly ten times as many people, 56%, want it to focus on creating jobs and fixing the economy. Guess which set of policies...
by Richard Eskow | Nov 15, 2010 | Blog, Minimum Wage
Former White House budget director Peter Orszag is taking a new approach in his quest to cut Social Security. He's playing progressive "good cop" to to the ultra-right bad cops of the White House deficit commission, Erskine Bowles and Alan Simpson. Now that Bowles and...
by Dave Johnson | Nov 15, 2010 | Blog
The co-chairs of the "Deficit Commission" released their recommendations yesterday. Basically they said that to cut the deficit we need to give a huge tax cut to the rich by cutting top tax rates from the current 35% down to 23%. The middle-class' share of the pain...
by Roger Hickey | Nov 15, 2010 | Blog
Hundreds of thousands of Americans have now called for Senator Alan Simpson, co-chair of the White House deficit commission, to step down – after he insulted the head of the Older Women’s League, Ashley Carson, by implying that her dedication to protecting retirees...
