nytimes.com — As President Obama’s fiscal commission faces a deadline this week for agreement on a plan to shrink the mounting national debt, liberal organizations will unveil debt-reduction proposals of their own in the next two days, seeking to sway the debate in favor of fewer reductions in domestic spending, more cuts in the military and higher taxes for the wealthy. The proposals from two sets of liberal advocacy groups highlight the deep ideological divides surrounding efforts to deal with the nation’s budgetary imbalances.
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Washington is inundated with deficit commissions. The country has piled up a huge debt because we cut taxes for the wealthy and borrowed to make up the difference. more »
dailykos.com — Given that the jobs issue is overwhelming the biggest concern of Americans ...
Why did we end up with a deficit commission designed to protect the interests of the wealthy and no jobs commission to look after the interests of the average working family?
Why was no commission of statesmen, politicians and academics convened to make suggestions to Congress about how to improve the employment prospects of millions of struggling Americans?
We're working with some of the best state-level bloggers from around the country to help us tell the truth about key economic and social policy issues, and to draw the contrast between the rhetoric of the right and the progressive alternative. Please visit our CAF State Blogger Network page to see more.more »
I didn't expect to see serious economic policy discussions in the "Republican Pledge To America," but even by Washington, D.C. standards, this document is staggeringly disingenuous. more »
A full 90 members of Congress who voted to bailout Wall Street in 2008 failed to support financial reform reining in the banks that drove our economy off a cliff. more »
Larry Summers is out, and President Barack Obama now faces a critical decision. He can focus on policy, naming a replacement who wants to ease the economic strains on American households, or he can focus on politics, naming a candidate who appeases the corporate executive class and their backers in the Republican Party. The choice should be obvious. more »
Tomorrow is the 75th birthday of Social Security. It is the most successful government program, demonstrating that government of the people, by the people and for the people works. For this reason a new poll shows that politicians will face major voter backlash if they advocate cuts in Social Security benefits or choose deficit reduction over job creation. more »
The DC-elite think that "the responsible thing to do" is to cut Social Security benefits. The public who they are supposed to represent overwhelmingly thinks that Social Security is one of the few remaining lifelines and must not be cut. more »
Robert Rubin and Joseph Stiglitz are going public on jobs and the deficit, in what looks very much like a re-run of a major policy debate during the Clinton era. The dispute is simple—should the government focus on putting people back to work, or should it try to cut the deficit? more »
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