The Guardian is providing live updates regarding the “Day of Action and Solidarity” across Europe, with video and lots of photos. From the European Trade Union Confederation (ETUC): … The aim of this European day of action and solidarity is to call upon Europe’s leaders to demonstrate their determination to really get to grips with [...]
Tag Archives | austerity
Top Story — Obama’s 2011 Grand Bargain Detailed in Documents Obtained by Bob Woodward
“He is, in his gut, a fiscal conservative. There is a Blue Dog Streak in him.” – David Plouffe in The Price of Politics, by Bob Woodward IF YOU haven’t read Bob Woodward’s latest book, The Price of Politics, you may not appreciate the documents below fully. We’re about to see Obama’s “excessive pragmatism,” as [...]
Christian Science Monitor: Republicans, Democrats Dance around the ‘Fiscal Cliff’
Republicans, Democrats dance around the 'fiscal cliff' (via The Christian Science Monitor) Republicans and Democrats peered over the “fiscal cliff” this week and allowed as how they might be able to get along after all – avoiding the automatic tax increases and across-the-board spending cuts due to hit January 1, rattling the economy if Congress [...]
Voting, Austerity, Sherrod Brown and Chris Hayes [Videos]
ELECTION 2012 is over, but 12 years after 2000, voting still doesn’t work for everyone. Will reform actually happen? Will austerity win? …and a litte Senator Sherrod Brown. Watch. Discuss. Visit NBCNews.com for breaking news, world news, and news about the economy Visit NBCNews.com for breaking news, world news, and news about the economy Visit [...]
Ronald Reagan: “Social Security has Nothing to do with the Deficit” [Video]
FOR ALL those people who worship at the feet of Ronald Reagan. As grand bargain fever whips up, keeping Social Security out of the mix should be a priority, something Senator Bernie Sanders and others have been preaching for a long time. The numbers are on the side of Democrats and progressives. From Democracy Corp: [...]
News Desk — BLS Report: Unemployment Rate Essentially Unchanged at 7.9 percent
THE LAST jobs report is in from the Bureau of Labor Statistics. The reports shows 171,000 jobs were created. Total nonfarm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, health care, [...]
Lesser Evil Halloween: Grand Bargain, Corporate Suit Costumed Candidates Bringing Reign of Austerity
It’s Halloween. It’s time for things that scare us, for things that make us go perfectly still, hold our breath and listen very, very carefully for a sound of evil approaching. In election year 2012, though, it’s really not at all hard to hear the evil, or as it’s usually costumed, the “lesser evil,” since [...]
In Britain, ‘Tens of Thousands’ Rally Against Austerity (Slide Show)
On Saturday, October 20, in London and other cities, “tens of thousands” marched and rallied to express their opposition to austerity measures, by way of spending cuts, introduced by Prime Minister David Cameron and the coalition government. Contrasting what’s happening there, and in other nations suffering through “austerity” policies, with what’s happening in the United [...]
Romney’s Town Hall Ad Hits Obama on Economy
OBAMA’S CASE for himself remains the one against Mitt Romney. Making the case for his reelection on the economy has proved more difficult, as we saw last night. So, Team Romney didn’t waste any time in using their candidate’s case against the President, turning it into an effective ad that hits Obama where it can [...]
Mitt Can’t Fire Big Bird Even If He Wants To [Videos]
“I’m sorry Jim. I’m gonna stop the subsidy to PBS. I’m gonna stop other things. I like PBS, I like Big Bird, I actually like you too.” – Mitt Romney THE PLANS Mitt Romney aggressively put forth last night are meeting with strong fact-checking headwinds. As I stated after the debate, the chutzpah it took [...]
Report: House Letter Addressed to Clinton Reveals Targeted Attacks Before Benghazi Terrorist Attack
**UPDATED – CLINTON RESPONDS** The new information disclosed in the letter obtained by The Daily Beast strongly suggests the U.S. consulate in Benghazi and the late Ambassador Chris Stevens were known by U.S. security personnel to be targets for terrorists. Indeed, the terrorists made their threats openly on Facebook. – Eli Lake THE REPORT from [...]
Plan for Entitlement Cuts Continues on Course
THE WRITING has been on the Democratic wall since President Obama created his own austerity commission known as Simpson-Bowles. It’s true that Republicans might do worse, but then at least Democrats could blame them for cutting a massively popular program like Social Security, instead of doing it themselves and destroying the Democratic brand forever. From [...]
Anti Austerity Protests in Greece and Spain Send Markets into Chaos
Clear signs of the political and social cost of the euro zone crisis sent financial markets tumbling Wednesday as Greece faced a crippling 24-hour strike and Spain cleaned up after violent protests near the country’s Parliament. [New York Times] FIREBOMBS, SMASHED windows, police and protesters clashed in Greece, as more cuts for EU-IMF loans were [...]
Paul Ryan’s Budget Austerity Targets the Poor
NO WONDER Nuns on the Bus was dogging Paul Ryan. “It’s immoral!” an 81 year-old nun cried out. The Ryan budget carves away subsidies for the poor, as Ezra Klein laid out today, while he debunks what people think they know about the Ryan budget and the focus on Medicare. Ryan’s budget, which Mitt Romney has [...]
Team Obama Targets Paul Ryan Before National Speech Tonight
“Mr. Ryan is new to the national scene with out-of-step views from a bygone era.. He is known as the author of the extreme GOP budget, the ‘Path to Prosperity,’ one that many say hurts the middle class.” [h/t The Hill] THE NEXT GENERATION Ronald Reagan takes to the stage tonight. Also speaking tonight is [...]
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