Republicans took the unemployed hostage and won huge tax cuts for the rich that greatly worsened the deficits. Then they took the government hostage, threatening to shut it down if they didn't get what they wanted, and won big concessions. Now they are threatening to take the full faith and credit of the United States hostage by blocking the debt ceiling increase. more »
The Republicans voted to phase out Medicare and use the money for even more tax cuts for the rich. The public found out and turned out. So now they are coming up with new ways to mask the same thing. more »
The first quarter growth figures—annual growth of 1.8% during the first three months of the year—are an ominous reminder of the reality that Washington has forgotten.
The Republican plan for Medicare "cuts government spending" by shifting the cost of old-age health care directly to the middle class and poor. (I’ll explain below.) Here’s the thing: someone is going to get that $34 trillion. (I’ll explain below.) And that someone (the Supreme Court thinks corporations are "someone") is fighting hard for it. They'll say whatever it takes. more »
There is a deficit of jobs AND the deficit is jobs. The public is so much smarter than the geniuses in DC. Washington talks about the deficit but the public knows that the deficit is jobs. more »
Members of Congress are holding local town hall meetings now and into next week, and Republicans are hearing from constituents angry that they voted to privatize Medicare to pay for even more tax cuts for the rich and corporations. more »
The President got big things right in his budget speech. He defended Medicare and Medicaid against the Republican effort to end them, and pushed accurately for reforming our health care system, not simply shifting costs to seniors and the disabled. He defended Social Security. more »
On Wednesday, the President will lay out his principles for deficit reduction, responding to the Republican FY 2012 budget put forth by House Budget Chair Rep. Paul Ryan. more »
Our sister site, TheMiddleClass.org, is taking a dim view of the budget deal struck Friday between the White House and Congress for fiscal year 2011. It concedes that it is not as disastrous for middle-class and lower-income people as H.R. 1, the budget the House Republicans passed in February. "But that's not saying much," the site says. more »
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