Thursday, 19 March 2015 00:00

The one sensible budget in Washington

This week, Washington descends into its annual budget brawl. House Republicans unveiled their plan on Tuesday, with Senate Republicans to follow Wednesday. Their hope is to pass a common budget resolution through both bodies by mid-April. Their incentive is that if — and that is a big if — Republicans in the House and Senate can agree, they can use the process known as “reconciliation” to pass various right-wing passions by majority vote, no filibuster allowed. The House budget plan, for example, calls for repealing Obamacare, partial privatization of Medicare, turning Medicaid and food stamps into block grants for the states, and tax reforms that lower rates and eliminate any taxation on profits reported abroad, turning the rest of the world into a tax haven for multinationals. The president can veto the appropriations bill containing these items, setting up another government shutdown melodrama. This is not the way to run a railroad, much less a government.

Congress is nearing a vote on arguably the biggest change to private pension law in decades.

The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law. A cornerstone of some collective bargaining agreements, multi-employer plans cover more than 10 million workersmostly in construction but also in the transportation, manufacturing, retail and service sectors

The Congressional Progressive Caucus is pushing its nearly 70 Democrats to oppose a sweeping funding bill on Thursday because it rolls back a key aspect of the Dodd-Frank financial reform law.

Wednesday, 26 March 2014 00:00

The Pentagon's Phony Budget War

Or How the U.S. Military Avoided Budget Cuts, Lied About Doing So, Then Asked for Billions More. Washington is pushing the panic button, claiming austerity is hollowing out our armed forces and our national security is at risk. That was the message Secretary of Defense Chuck Hagel delivered last week when he announced that the Army would shrink to levels not seen since before World War II.

Latest Economic and Social Justice News

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  • Did ICE Violate Its Own Deportation Guidelines in Arresting Chicago-Area Unionized Meatpackers?

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  • Varoufakis: Troika Forced Syriza Into Choice Between 'Suicide or Execution'

    Former finance minister blasts EU, saying: "No one government should ever be treated that way in the context of a club of democratic nations."   In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis toldCNN's Christiane Amanpour on Monday that European lenders

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  • What Recovery? Report Reveals Rising Poverty for Children in America

    Annie E. Casey Foundation study finds recovery from Great Recession has left out children of color altogether.   There are roughly three million more U.S. children living in poverty today than during the outbreak of the Great Recession in 2008, and the so-called economic recovery has bypassed children of color

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    Betraying arrest report, newly released footage shows how arresting officer violently escalated traffic stop by threatening unarmed black woman with Read More
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    This week, San Diego hosts 'a festival of closed-door deal-making by politicians, corporate executives and lobbyists'   Fighting to protect Read More
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    "A loan is not aid," declared student debt striker Michael Adorno-Miranda   When thousands of student "aid" administrators, who were Read More
  • Spreading a Minimum Wage Increase from Los Angeles to the Whole Country +

    Our economy has long been out of balance. Workers’ efforts across the country create wealth, but the profits don’t get Read More
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ESJ Calls

Featured Economic and Social Justice News

  • Student 'Aid' Industry Parade Crashed by Debtors Demanding Free Higher Ed +

    "A loan is not aid," declared student debt striker Michael Adorno-Miranda   When thousands of student "aid" administrators, who were Read More
  • Spreading a Minimum Wage Increase from Los Angeles to the Whole Country +

    Our economy has long been out of balance. Workers’ efforts across the country create wealth, but the profits don’t get Read More
  • 35 Mind-Blowing Facts About Inequality +

    While Hillary Clinton occasionally gives some lip service to the problem of extreme inequality, Bernie Sanders is the only candidate really hammering Read More
  • Jeb Bush Wants You to Work Longer Hours +

    His vision for the economy is out of step with reality: The US lacks good jobs, not productive workers. When Read More
  • Scott Walker Campaigns Against Unions, Wages, and Weekends +

    On the eve of his presidential announcement, the governor signed an anti-worker budget. Now he wants to do to America Read More
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Does Your Legislator Support the ERA

 

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