fiscal cliff

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  • Canadians trimming food budgets in face of higher prices, RBC says


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    Bank report suggests as much as 91 per cent of Canadians plan to cut back food spending. By Allison Brogan, CBC News Canadian families are planning to cut back on the amount they spend at the grocery store in the face of rising food prices, a new report from one of Canada’s largest banks said Thursday. The RBC ...
    4 days ago
  • Pushing Back Against Austerity: Hickey and Eskow on Pivot Point with Maya Rockeymoore


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    OurFuture.org’s Roger Hickey and Richard Eskow explain during their appearance Sunday on “Pivot Point with Maya Rockeymoore” what it will take for progressives to win the fight against conservative austerity economic policies that are holding down the economy and preventing the job growth that we need. “The ...
    4 days ago
  • May 19, 2013: A Day Of Extreme Federal Budget Shame


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    Sunday, May 19, 2013, was one of the saddest and most notorious moments in the sordid history of the federal budget. Let’s start from the beginning. It’s December 2012 and House Republicans are facing a number of politically very difficult and unpalatable choices because taxes will go up automatically on January ...
    4 days ago
  • Keating: Fed help for states’ online tax grab


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    The Senate is making a big Internet revenue grab.
    4 days ago
  • Apple Avoiding Billions And Billions Of $$ In Taxes


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    Apple (like many giant, multinational corporations) has been avoiding paying the taxes they owe to the country by setting up foreign “subsidiaries” in tax-haven countries, and moving jobs and profit centers out of the country. They have accumulated billions upon billions of dollars in these tax havens. Now they ...
    4 days ago
  • Progressive Breakfast


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    MORNING MESSAGE: A Long Cold Summer For Young People Looking For Work OurFuture.org’s Isaiah J. Poole: “Just in the past decade Congress has cut $1 billion from youth jobs programs, according to a report by the Center for American Progress. And that is at a time when even before the Great Recession youth ...
    4 days ago
  • A Long Cold Summer For Young People Looking For Work


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    I got my first job while I was in high school through a small community organization run by Willie J. Hardy, a community activist (and later D.C. City Council member) who operated out of what legendary Washington Post writer William Raspberry described as a “tiny, hopelessly cluttered quonset hut” in the Deanwood ...
    4 days ago
  • May 19, 2013: A Day Of Extreme Federal Budget Shame


    Authority Authority:
    Sunday, May 19, 2013, was one of the saddest and most notorious moments in the sordid history of the federal budget. Lets start from the beginning. Its December 2012 and House Republicans are facing a number of politically very difficult and unpalatable choices because taxes will go up automatically on January 1, ...
    4 days ago
  • Seven Ways to Honor the Mothers of America


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    My mother has never liked Mother’s Day. She says it’s a phony holiday designed to boost profits for Hallmark Cards. I say, Who cares as long as everybody’s happy? After all, I tell her, Hallmark isn’t Blackwater or Halliburton. And besides, not all profits are evil. That doesn’t mollify her. In fact, I ...
    1 week ago
  • The Face Of Austerity


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    I had the privilege of hearing Dean Baker and Mark Weisbrot speak about austerity the other night and it was as fascinating as you might imagine. I think most people who read this blog wouldn’t be surprised by what they said, but I think many in the audience were people who may be depending upon more mainstream ...
    2 weeks ago
  • HBO’s “Vice” Austerity Coverage Disappoints


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    The research discrediting the Reinhart-Rogoff study is upending the economic policy discussion everywhere. Everywhere, apparently, except for HBO’s new series “Vice,” which recently featured Kenneth Rogoff as an expert on austerity. Episode 4 of “Vice” on HBO, “Love and Rockets,” included a segment on ...
    2 weeks ago
  • Progressive Breakfast


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    MORNING MESSAGE: “60 Minutes” And America’s Billionaires Want Us to Beg OurFuture.org’s Richard Eskow: “’60 Minutes’ was once a shining light of independent journalism. Now it’s a covert mouthpiece for the far-right, anti-government values of the Peterson crowd. Once it spoke to, and for, a majority ...
    2 weeks ago
  • U.S. government & governance 2013


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    One thing we can count on with respect to this Congress is that if there is even one second left before you have to do what you’re supposed to do, they will use that last second. – President Obama Fareed Zakaria: Can America Be Fixed? The New Crisis of Democracy (Foreign Affairs January/February) As the ...
    2 weeks ago
  • Sequestration Update – Who’s Feeling the Pain


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    Everything We Know About What’s Happened Under Sequestration When the annual White House Easter Egg Hunt faced cancellation this year due to the package of mandatory budget cuts known as sequestration, the National Park Service kicked into high gear. It rescued the event — held since 1878 — with money from ...
    2 weeks ago
  • Progressive Breakfast


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    MORNING MESSAGE: Good Jobs – The Challenge of Rebuilding the Middle Class OurFuture.org’s Robert Borosage: “This week, President Obama will travel to Austin, Texas to call for action on jobs. The proposals the president put forth in his State of the Union address – investing in infrastructure, expanding ...
    2 weeks ago
  • Good Jobs: The Challenge of Rebuilding the Middle Class


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    This week, President Obama will travel to Austin, Texas to call for action on jobs. The proposals the president put forth in his State of the Union address – investing in infrastructure, expanding preschool, bolstering manufacturing assistance centers, raising the minimum wage – have been blocked in the Congress, ...
    2 weeks ago
  • The Republican Party Flinches Again On Debt Limit


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    According to the Washington Post and Politico , GOP leaders are laying the groundwork to refuse any debt limit increase this year, reneging on debt payments mandated by Congress, shredding the full faith and credit of the American government, thereby plunging the global economy into the abyss, unless Washington … ...
    2 weeks ago
  • Hypocrites with Fat Wallets: The CEOs Who Want It All


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    America’s top corporate executives love lecturing the rest of us about ‘fiscal responsibility.’ They want us to expect less from government. But they expect more, and a new report shows how they’re getting it. Last week, federal unemployment benefits for the 400,000 Californians out of work since last fall ...
    2 weeks ago
  • Austerity in De-Niall


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    When historian Niall Ferguson made his offensive comments about John Maynard Keynes last week, he wasn’t just revealing an ugly side of own nature. He was defending his authoritarian and economically punitive ideology not only against its opponents, but against reality itself. But then, when your best-known ...
    2 weeks ago
  • If I get a bad credit score, why can’t I just raise my debt ceiling?


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    Public distress about the debt ceiling started at the end of 2012 with the introduction of the phrase “fiscal cliff”. Two daunting words next to each other without a third for ease, and without proper context they means next to nothing. Though the plan had been set to go into effect since the Budget Control [...] ...
    2 weeks ago

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