Poverty

Got this in an e-mail from my brother, Hal:

“June food stamp Recipients Hit All Time High As Three Times As Many Americans Enter Poverty As Find Jobs, bringing the total to a new all time high of 46.670 million and once again rising fast.”

This headline, circulating via e-mail, seems to be picked up from Zero Hedge by merging the title more »

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As the Occupy Wall Street movement spread across the nation last week, politicians in D.C. more »

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Views expressed are those of the author, and do not reflect the views of Social Security Works or the Strengthen Social Security Campaign. more »

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In yet another sign that the White House has taken to championing Social Security, the new budget would add $1 billion in funding for the Social Security Administration to help reduce Social Security’s disability claims backlog.

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A few months ago, when Fiscal Commission Co-Chairs Erskine Bowles and Alan Simpson released their Social Security proposal, even their worst critics conceded that the plan would improve benefits for the very poorest. According to a new analysis by the Chief Actuary of the Social Security Administration, however, that just isn't true. The Bowles-Simpson proposal would reduce benefits by as much as $1,107 (16%) for 60% of “Very Low” earners, those workers with average annual earnings of around $10,800. Click here to see a graph of the benefit cuts prepared by Social Security Works, or check it out below.

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Slasher-Movie Economics

A vicious, savage, axe-wielding killer stalks the political landscape, yearning to draw blood, slash victims, and amputate limbs. That's not my description of austerity economics - that's how its fans talk about it.

"Austerity" is defined as "the trait of great self-denial (especially refraining from worldly pleasures)." Austerity economics, on the other hand, is the practice of denying others things that they need while at the same time ensuring your own continued privilege and comfort. This practice is usually accompanied by a round of self-congratulation for showing such courage and discipline. Its usually sinister spell has seduced Republicans into aiding and abetting felons with budget cuts that would make them de facto accomplices to a thousand crimes. And what the president's about to do will literally send chills down a million spines.

Anne Applebaum nearly worked herself into a case of the vapors when Austerians got elected in Great Britain, when she palpitatingly repeated the phrases used by journalists there to describe the new government's budget. The new British leaders, said journalists, were "axe-wielders" who were inflicting "vicious," "savage," and "swingeing (sic) cuts." (Is that what "bangers and mash" really means?)

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Got inspired after leaving a comment on Sara Robinson's blog (OurFuture.org), so I thought I'd submit my own story, as embarrassed (and vulnerable) it may leave me. My story is so long, though, that I’ve divided it into two blogs. more »

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Kevin Drum gives a pretty thorough analysis of President Obama’s open assault on the mainstream Democratic Party at yesterday’s press conference, and declares that “programmatic liberalism is dead.” I think that’s more than a little exaggerated, but regardless, it’s not a fair description o more »

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Nearly 2 million U.S. workers are facing premature elimination of federally-funded unemployment benefits if Congress doesn't act by November 30. Yet the talk dominating Washington, D.C. these days is about extending George Bush's tax giveaway to the rich. Really?

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The recession ended in June, 2009? What? Seriously? No one told the millions of unemployed. more »

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