Source: The two decades that created our world’s first mass middle class | NationofChange
Category: economy
Biden and the Greatest Economy Ever
We now have the greatest economy ever. I’m saying that because President Biden won’t, and everyone knows damn well that if Donald Trump was in the White
Source: Biden and the Greatest Economy Ever – CounterPunch.org
We Need an Economic Bill of Rights
Political rights are not enough. Economic rights — the right to home, food, health care, a union, and a safe and stable planet — should be our rallying cry for a just country and world.
The GOP’s Sadistic Debt Limit Ploy Is a Direct Attack on People
The GOP message is “hell for the people, but swell for the plutocracy.”
Source: Opinion | The GOP’s Sadistic Debt Limit Ploy Is a Direct Attack on People | Common Dreams
The Debt Ceiling Debate is a Massive Deception of the American Public
The U.S. Congress has imposed successive ceilings on the national debt, each one higher than the last. Ceilings were intended to limit the amount of federal borrowing. But the same U.S. Congress so managed its taxing and spending that it created ever more excesses of spending over tax revenues (deficits). Those excesses required borrowing to cover them. The borrowings accumulated to hit successive ceilings. A highly political ritual of threats and counterthreats accompanied each rise of the ceiling required by the need to borrow to finance deficits.
Source: The Debt Ceiling Debate is a Massive Deception of the American Public – CounterPunch.org
‘MAGA Economic Sabotage’: 217 House Republicans Pass Debt Ceiling Bill With Harmful Cuts
“Republicans just passed a bill that would kill jobs, take away federal benefits for millions, and make everyday life for Americans more expensive,” said Rep. Pramila Jayapal. “This is completely unworkable.”
Source: ‘MAGA Economic Sabotage’: 217 House Republicans Pass Debt Ceiling Bill With Harmful Cuts
‘Absolute Hypocrisy’: GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling About Debt
A group of more than 70 House Republicans introduced legislation this week that would make elements of the 2017 Trump tax cuts permanent, delivering a huge windfall to the rich and choking off more federal revenue at a time when Republican fearmongering over the national debt is at a fever pitch.
Source: ‘Absolute Hypocrisy’: GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling About Debt