How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme — Again

Reprinted with permission from The Empire Strikes Back  How Wall Street Has Turned Housing Into a Dangerous Get-Rich-Quick Scheme — Again  By Laura Gottesdiener You can hardly turn on the television or open a newspaper without hearing about the nation’s impressive, much celebrated housing recovery. Home prices are rising! New construction has started! The crisis […]

Without Progressive Uproar, Social Security and Medicare Face Axe

Reprinted from Common Dreams (October 21, 2013) under Creative Commons License By Jon Queally, staff writer The lines are being drawn for a ‘Grand Bargain’ and the Democrats’ continued willingness to give away role as defenders of safety net and earned benefit programs, say critics, is deeply worrying   If U.S. citizens are increasingly concerned that the Democratic […]

Mind-Blowing Infographic Showing Wealth Inequality in America

Inequality is real, it’s personal, it’s expensive and it was created

Robert Reich just keeps getting better and better:

Why Private Banks Tend to Become Parasites on Society

Michael Hudson explains how public banks may serve the goals of capitalism, while private banks — under our current system — tend to become parasites.

Viral Video (6 min): US Wealth Inequality as You’ve Never Seen It (Obscene Greed Since Reagan)

Based on a popular Mother Jones post on inequality. More graphs from Mother Jones:

Is the Sequester a Tea Party Plot?

Reprinted from By Robert Reich Imagine a plot to undermine the government of the United States, to destroy much of its capacity to do the public’s business, and to sow distrust among the population. Imagine further that the plotters infiltrate Congress and state governments, reshape their districts to give them disproportionate influence in Washington, […]

“If You Want to Head-Off Fascism, You’ve Got to Find a Politician Willing to Take on the Financial Sector”

Professor Steve Keen, prominent among a small group of economists who correctly foresaw the 2007 meltdown, talks about the parallels between the Great Depression of the 1930s and the current “great” recession. The key indicator he uses to predict periods of major economic collapse is the ratio of private debt in an economy to GDP. […]

Most Don’t Realize the Deficit is Falling Dramatically, So Sequester Not Needed

Reprinted from Campaign for America’s Future under Creative Commons License By Dave Johnson There is no deficit problem. The deficit is down about 50 percent as a share of gross domestic product just since President Bush’s fiscal year 2009 deficit and is falling at the fastest rate since the end of World War II. Yet the Washington […]

Deficit Scaremongering By “Fix The Debt” Campaign

Reprinted from Pete Peterson Pyramid under Creative Commons License  Fix the Debt Astroturf Supergroup The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation’s “debt problem.” Through this […]

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