Here (below), in a 9-minute video interview with Paul Jay of the Real News Network, Professor James Galbraith explains his recent article, “6 Reasons the Fiscal Cliff is a Scam.” The deepest irony in the current situation is that the real, but slight, danger of the “cliff” is that in the long run it will…
Reprinted from Alternet By James K. Galbraith The so-called “fiscal cliff” is a mechanism for rolling back Social Security, Medicare and Medicaid. Stripped to essentials, the fiscal cliff is a device constructed to force a rollback of Social Security, Medicare and Medicaid, as the price of avoiding tax increases and disruptive cuts in federal…
Professor Bill Black (author of The Best Way to Rob a Bank is to Own One) is outraged over the phony “fiscal cliff,” because there seems to be a bipartisan consensus (including President Obama) that the solution to that “crisis” is to engage in austerity measures, to cut government spending by various means, including the shredding…
Reprinted from Alternet By Les Leopold Citizens of a modern democracy demand the work the public sector performs. Our political system is living a lie, and it’s crippling our economy. By funding conservative think tanks, buying media outlets and supporting vicious anti-government politicians, the right has spread the false meme that that the only…
Reprinted from Campaign for America’s Future (July 30, 2012) By Dave Johnson The New York Times contains another elite-columnist attack on our Social Security and Medicare systems today. This time it’s in the form of an op-ed by Bill Keller. Recently and regularly, New York Times columnists David Brooks and Tom Friedman have also gone after the things…