The president criticized Boehner's "Plan B" proposal today because it lacks an extension for unemployment insurance into 2013.
If the president fails to win on this issue, two million people will face tough choices. The mortgage or the car payment? Go to the doctor or hope for the best? Cash in the 401(k) or take the kids out of college?
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MORNING MESSAGE: This Is Not America’s Deal OurFuture.org’s Richard Eskow: “Our leaders in Washington heard from the voters last month. They may need to hear from them again. According to news reports a budget deal is coalescing around some very unattractive and unwise ideas … The deal being floated uses the sneaky ‘chained CPI’ to [...]
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More than 30 of the wealthiest Americans have signed a letter to Congress and the Obama administration arguing that the estate tax should be raised, not lowered, especially at a time when much of the political establishment is calling for the already economically vulnerable to surrender more of their financial security as the price for [...]
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There's really not much new to say about the fiscal cliff except that, as of today, we're now three weeks away from it happening. There's especially not much new to say when the only news is that a meeting took place at the White House over the weekend between the president and speaker and the big statement was that the lines of communication remain open.
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The political friends of America's rich aren't aiming to convince us that higher taxes on the nation's highest incomes make no sense. They're just hoping to keep us distracted.
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Nobody who reads this blog will be the least bit surprised by this turn of events: A growing chorus of Republicans is urging House leaders to abandon their staunch opposition to higher tax rates for the wealthy with the aim of clearing the way for a broad deal that would also rein in the cost [...]
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MORNING MESSAGE: Jobs Fix Deficits OurFuture.org’s Dave Johnson: “The economy is slowing, with signs of trouble on the horizon. Trade deficits are huge, a bad manufacturing number this week, Europe still stagnant and slipping (because of austerity), China slowing … This slowing is not happening because people are ‘worried about the fiscal cliff.’ … The [...]
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In eight of the 10 battleground states (Florida, Iowa, Nevada, North Carolina, Ohio, Pennsylvania, Virginia, Wisconsin), President Obama won voters with incomes under $50,000 while losing voters with incomes of more than $50,000. In the other two swing states (New Hampshire and Colorado), Obama won voters with incomes under $50,000 while tying voters over $50,000 (and losing the subset of voters with incomes over $100,000).
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Senator Dick Durbin, Senate Majority Whip and one of President Obama’s closest allies, laid out his principles for a deal in the current fiscal showdown today in a speech at the Center for American Progress. The nuanced speech was a revealing mixture of common sense and nonsense.
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Happy Thanksgiving in corporate-owned America. Walmart workers are preparing for “Black Friday” actions nationwide as the company continues to drive wages and benefits down. And Thanksgiving-day-parade-company Macy’s CEO is standing with Donald Trump at the same time as he is urging Congress to cut our Social Security and Medicare. Let’s tell them who is boss [...]
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