There are riots in Greece. The economies of Britain, Italy and Spain are not bouncing back from the Great Recession like they did after the Great Depression. Why? Because the governments in these countries opted for austerity and deficit reduction instead of investing in jobs as a way out of the recession. Which brings us to President …
Thank goodness South Carolina Representative James Clyburn is on the Super Committee otherwise the results of a recent poll might not get to his fellow Committee members. A just released Winthrop University poll has found that 73.2% of South Carolina Republican or Republican-leaning voters receiving Social Security or Medicare do not want those benefits cut to …
The Hill 8/23/11 By Mike Lillis Almost 80 percent of lawmakers have no academic background in business or economics, even as Congress grapples with deficits, unemployment and other economic issues of tremendous complexity, according to an independent analysis released Tuesday. The Employment Policies Institute (EPI) found that only 8.4 percent of lawmakers majored in economics …
Report: Majority of Congress with no education in business Read More »
With all the national attention being focused on the nation’s lack of jobs and deficit reduction, this week two Illinois U.S. House members put forward their plans to help the country. Both have some great ideas. Yesterday, Representative Mike Quigley released his 60-step blueprint he hopes the new Congressional deficit reduction Supercommittee will follow. His …
Illinois Dems weigh in on job creation and deficit reduction Read More »
We’ve found the solution to decreasing the country’s deficit spending—more revenue! According to a report yesterday from the U.S. Treasury Department, the federal government decreased deficit spending by 6% ($70 billion) in 2011 to date compared to the same period in 2010. If we continue to do that for the rest of the year that …
Below is a statement on the debt ceiling deal from Citizens for Tax Justice released 8-2-11.—————————————————————————————————- President Obama Breaks His Promise on Taxes Again The so-called “Budget Control Act” that President Obama signed into law today to increase the federal debt ceiling and reduce the federal budget deficit marks the second time the Obama administration has …
The FOXNews of budget agreements. That’s the best description of the debt ceiling compromise passed by the House yesterday and by the Senate today. No matter how many times FOXNews calls itself “fair and balanced”, the hard evidence tells the real story of slanted and faux news at the Murdoch network. The same PR charade …
Please call South Carolina Congressmen Jeff Duncan, Tim Scott and Mick Mulvaney and tell them that God did not tell them to oppose Speaker Boehner’s deficit reduction plan, Senator Reid’s plan or anything dealing with the fiscal integrity of our country. These gentlemen need to quit hiding behind God for their partisan decisions. I am …
By Rep. Lloyd Doggett (D-Texas) The Hill’s Congress BlogJuly 26, 2011 As Washington considers solutions to our debt crisis, I believe a fundamental principle — before we consider cutting vital programs or raising tax rates—is ensuring everyone pays their fair share. I always find it impossible to explain why a pharmacist in Lockhart, Texas, or …
‘Shared sacrifice’ in debt reduction should include international tax loopholes Read More »
Last night we heard from President Obama and Speaker Boehner about their ideas for addressing deficit reduction and raising the debt ceiling. The President spoke about the need to close corporate tax loopholes and end offshore tax haven abuse—issues that you have heard me talk about many times. Unfortunately, neither deficit reduction plan on the table …
