Debts are not a problem (tags)
The Democrats have learned from their mistakes. This time they want a big stimulus package to invest in infrastructure and climate protection. This change in sentiment is partly thanks to Keynesians like Paul Krugman, who have always called for government investment when the economy is paralyzed.
The "Fiscal Cliff" Is a Hoax ... and a Mel Brooks Routine (tags)
The "fiscal cliff" comedy routine in Washington DC is a staged act where Democrats play the "good cop" who want to tax the rich and cut social welfare programs vs. the "bad cop" Republicans who don't want to tax the rich and promise heavy cuts on social welfare programs. Where is the voice of reason that says maybe this so-called fiscal cliff isn't really such a big deal after all?
Alternative for the Euro Zone (tags)
In a new study, leftist economists from a dozen EU countries criticize the policy of the German government in the Euro crisis. Its analysis and the proposed solutions are wrong. The state deficits are not the cause of the crisis. The financial crisis caused the state deficits.
BILL GATES & WARREN BUFFETT ARE OILING THE INTERNATIONAL POOR$ $QUEAKY WHEEL NOT AMERICA$ (tags)
THEY PRETEND FOR THEIR FAMILY & FRIENDS TO CARE DEARLY ABOUT THEIR FELLOW MAN OTHER THEN THEIR FELLOW NEEDY AMERICANS.... --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"Severe Austerity Programs will have Catastrophic Consequences" (tags)
"Instead of real growth, the financial sector has only promoted phantom growth. The state functions differently than a family. Less should be spent for unproductive purposes like the wars in Afghanistan and Iraq and unconditional bank bailout packages.."
Stimulus or Austerity: the People vs. the Banks (tags)
The most powerful nations in the world met recently at the G-20 in Toronto and managed to agree on only one thing of significance: the need to reduce deficits, “half by 2013.” Implied by the statement is the need to lower deficits via “austerity,” meaning eliminating or reducing social programs. Why does every mainstream political pundit or corporate CEO fanatically agree that reducing deficits is the most important thing to do now? Let Obama explain:
Elite democracy leads to corruption of wealth distribution, language and community. "We must be wounded to be healed" (Dorothee Soelle).
Don't Blame OPEC; Higher Gas Prices Are Almost Entirely Bush's Fault (tags)
What is making oil so expensive is not energy policy or even SUV’s, dangerous as those are for the environment. It’s Bush’s massive deficits and his willful destruction of the US dollar that has gas selling at $2.30 a gallon and rising.
The deficit can only be lowered by devaluing the dollar at least 20 to 30 percent.. In 1963 the deficit amounted to five percent of econo-mic output. This changed within eight years into a surplus of one percent. Economic growth, tax increases andspending discipline
China Expects the Collapse of the Dollar (tags)
Since 2001 the dollar has lost 40% of its value; half of the loss has occurred since April 2003. In 2004 alone, exports from China to the US rose 35%. China depends on American consumers asmuch as the US depends on China's financing of deficits.
Politicians need to know... (tags)
What every politician ought to know before taking office
Interesting article from the Asia Times. A different perspective than the usual propaganda from our Wall Street-controlled media.
In The Kingdom Of Forgetting (tags)
Memory can be an embarrassing thing. In politics, it's often more convenient to forget. The classic illustration of this idea was Orwell's dystopian Ministry of Truth, where functionaries fed any inconvenient bit of information down the memory hole -- "whereupon it would be whirled away on a current of warm air."
Bush policies blasted At Home (tags)
George W. Bush attempted to win backing for his agenda of tax cuts for the rich and war on Iraq in his Jan. 28 State of the Union Speech. But mayors, governors, members of Congress and leaders of mass organizations sharply rejected his policies.