Romney and Ryan’s Economic Plan

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How Romney Keeps Lying Through His Big White Teeth By Robert Reich

Tuesday August 28, 2012

“We’re not going to let our campaign be dictated by fact-checkers,” says Neil Newhouse, a Romney pollster.

Presumably the Romney campaign continues its false claims because they’re effective. But this raises a more basic question: How can they remain effective when they’ve been so overwhelmingly discredited by the media?

The answer is the [...]

How Socialists Built America

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| By John Nichols | | April 16, 2011 “The Nation” | — If there’s one constant in the elite national discourse of the moment, it is the claim that America was founded as a capitalist country and that socialism is a dangerous foreign import that, despite our unwarranted faith in free trade, [...]

The False Debate on the Debt

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By Robert Scheer

In the ever-so-smug company of the rich and powerful, it is a given that there is never to be any expression of remorse or other acknowledgment of the pain they have inflicted on the lesser mortals they so cavalierly plunder. It’s convenient for them that the media and the politicians, which they happen to own, rarely connect the dots between the scams that made the rich [...]

Budget Battles: Sound, Fury and Fakery

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by: Richard D. Wolff, Truthout |

Weeks of highly publicized debates – some in Congress, more in the mass media – brought Republicans and Democrats to a budget deal. To maximize public attention, they threatened a possible government shutdown. Both parties said that large government deficits and accumulated debt were “serious problems.” They agreed that solving them required only spending cuts, not revenue increases. In unison, they [...]

President Obama’s Real Proposal (And Why It’s Risky)

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By Robert Reich |

Paul Ryan says his budget plan will cut $4.4 trillion over ten years. The President says his new plan will cut $4 trillion over twelve years.

Let’s get real. Ten or twelve-year budgets are baloney. It’s hard enough to forecast budgets a year or two into the future. Between now and 2022 or 2024 the economy will probably have gone through a recovery (I’ll [...]

Fighting for a People’s Budget

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By Katrina vanden Heuvel |

On Wednesday, President Obama spoke in eloquent language of our social contract, of a progressive patriotism, and of a role for government that helps us “do together what we cannot do as well for ourselves.” It was a clear rebuke to the GOP’s Robin Hood in Reverse agenda—taking from the poor and middle-class in order to preserve tax breaks for corporations and the wealthiest [...]

Obama’s ‘Shared Sacrifice’ Hits the Poor and Middle-Class Hardest

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The Nation, Editors

President Obama’s speech unveiling his deficit reduction plan contained few big surprises—by its very premise, it was destined to preserve the faulty assumptions behind the whole deficit discussion—but some of his words were welcome. The president called Social Security and Medicare fundamental American commitments and, in a rebuke to Congressman Paul Ryan, left these entitlement programs largely untouched. He also refused to renew Bush’s tax cuts [...]

Mr. President: Why Medicare Isn’t the Problem, It’s the Solution

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By Robert Reich |

I hope when he tells America how he aims to tame future budget deficits the President doesn’t accept conventional Wasington wisdom that the biggest problem in the federal budget is Medicare (and its poor cousin Medicaid).

Medicare isn’t the problem. It’s the solution.

The real problem is the soaring costs of health care that lie beneath Medicare. They’re costs all of us are bearing in [...]

How Obama’s Cave in to GOP Extremists Will Devastate the Economy

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Obama’s failure to challenge the Right’s economic mythology is both inexcusable, and a sign that the White House isn’t prepared for the major battles to come.

By Joshua Holland |

The deal Obama struck with GOP leaders last week will cost our moribund economy around 400,000 jobs. It was a tragic compromise with an unyielding ideological opposition, yet Obama hailed it as “historic,” prompting the Wall Street Journal’s [...]