DEBT TALKS – The Problem is the Electorate

by Dave McGill

President Obama and the Democrats are attempting to go to bat for the middle and lower classes. Unfortunately, however, a large portion of those that would benefit from these efforts are either ignorant of what is really going on, or they have a pathological obsession to punish themselves. Either way, they are the root of our national problem.

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Speculating with our Food

by Dr. Stuart Jeanne Bramhall

In 2011, “food derivative” speculation has replaced financial derivatives as the hot new investment promoted by major investment banks like Goldman Sachs and JP Morgan. According to new research from the World Development Movement, the same banks that caused the 2008 economic crash are also responsible for skyrocketing food prices (see WDM and The Ecologist).

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A great Country

by Bernard Schaer

Some of the very interesting comments that followed this post Hector Balderas or else…. (…?), but – I felt – didn’t really pertain to the core of my earlier post, prompted me to write this post today. So, you might want to go read the other one, including the comments, first.
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‘Serious’ Republicans vs. ‘Starry-Eyed’ Progressives

Beltway media scorn People’s Budget, hail Ryan hoax

by Peter Hart and Julie Hollar

Paul RyanThe budget proposal released on April 5 by Rep. Paul Ryan (R.-Wisc.) includes tax cuts for the wealthy, tax hikes for the middle class, drastic cuts in social spending and a radical restructuring of Medicare that would shift most of the cost of healthcare to seniors. Its dubious claims of deficit reduction rely on fatally flawed assumptions and inexplicable projections (CBPP, 4/7/11; CEPR, 4/11).

Meanwhile, the 76-member Congressional Progressive Caucus unveiled its own “People’s Budget” proposal on April 13, which would eliminate the deficit in 10 years without eroding social services or raising taxes on the working class. Serious economists like Paul Krugman (New York Times, 4/25/11) and Jeffrey Sachs (Huffington Post, 4/8/11) have spoken out in favor of the People’s Budget as, in Krugman’s words, a “genuinely courageous” plan and “the only major budget proposal out there offering a plausible path to balancing the budget.”
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