The gauntlet has been thrown down in the tax fairness fight. House Majority Leader Eric Cantor earlier today announced that House Republicans will schedule a vote before the August recess on making the Bush tax cuts permanent for everyone, including the rich and super-rich.
Depending on your point of view, the results on austerity are in. The roll call European countries with shrunken economies, mired in recession, is identical to the list of European countries yoked to austerity economics — Portugal, Italy, Ireland, Spain, Greece (of course), and now the UK. Those countries are experiencing varying degrees of public reaction against austerity policies. In Prague, Czechs staged the biggest demonstrations their country has seen since the fall of communism, in protest of the austerity measures and corruption in Czech Republic's center-right government. In France, president Sarkozy now faces a runoff, after elections that were a reaction against austerity. In the Netherlands, the prime minister resigned after EU austerity demands caused the government to collapse. In Romania, the government has collapsed in a no-confidence vote after violent protests against austerity toppled its prime minister in February.
Does the latest wave of uprisings finally sound the death knell for austerity? Not if austerians stay the course, and don't get spooked by protests in the streets and at the ballot box. If their protests have no impact, and austerity happened anyway, people will go home. They'll forget about solidarity, worry more about survival, and arrive at the next phase of austerity's impact on their lives.
Washington, DC -- The report released yesterday by the Trustees of the Social Security Administration has already elicited some of the usual nonsense from millionaires, billionaires and conservatives who are pushing for a so-called Grand Bargain that would drastically more »
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Wear black on Saturday. It is Workers’ Memorial Day, a time devoted to commemorating those killed on the job.
A month later, on soldiers' Memorial Day, the nation will recognize those who sacrificed their lives for American ideals, for a nation’s freedom. That ultimate gift is given in most cases valiantly and voluntarily. more »
Here are some headlines you won't see after the government releases new figures on Social Security and Medicare later today:
"Social Security Trust Fund Even Larger Than It Was Last Year"
"Growing Wealth Inequity Will Lead to Social Security Imbalance Later This Century"
"For-Profit Healthcare Poses Threat to Medicare, Federal Deficit, and Overall Economy in Coming Decades" more »
Some companies are learning that supporting hyper-partisan groups can backfire when their customers find out about it. In recent weeks a number of companies are trying to distance themselves from the partisan, right-wing group ALEC before their brands become as damaged as Susan G. Komen for the Cure®. more »