by Robert Borosage | Aug 27, 2009 | Blog, Financial Reform
The reappointment of Ben Bernanke as Chairman of the Federal Reserve -- cleverly timed to defuse the news of burgeoning federal deficits -- was preordained. The "markets" demanded it, and as James Carville noted, when the markets speak, presidents listen. (Carville,...
by Eric Lotke | Aug 26, 2009 | Blog
The Congressional Budget Office published revised estimates about the deficit, and people are hyperventilating. “[B]urying our children and grandchildren under a mountain of unsustainable debt,” declared House minority leader John Boehner (R-Ohio). Leave aside for a...
by Bill Scher | Aug 26, 2009 | Blog
Last month, Sen. Ted Kennedy wrote in Newsweek: "quality care shouldn't depend on your financial resources, or the type of job you have, or the medical condition you face. Every American should be able to get the same treatment that U.S. senators are entitled to. This...
by Robert Borosage | Aug 26, 2009 | Blog
We have lost a giant. The Senate is a smaller place today — a special measure of joy, political passion, irrepressible energy has been lost. Edward Kennedy's words, delivered as his 1980 presidential campaign came to an end at the Democratic Convention in Madison...
by Terrance Heath | Aug 26, 2009 | Blog
It was quiet this morning, when I sat down to read the news, after seeing the rest of my family out the door. It was quiet this morning when I read about the passing of Senator Ted Kennedy. Sen. Edward Kennedy, D-Mass., died without realizing what he called "the cause...
by Dave Johnson | Aug 26, 2009 | Blog
This is a story we are all too familiar with: Wall Street vs. Main Street. Irresponsible behavior leads to bonuses for Wall Street while working hard and playing by the rules leads to unemployment and foreclosure for Main Street. You've heard the elements of the...
