Congress is about to slash food stamp funding in the midst of a deep economic recession, when more people rely on food stamps than ever before. The only hope now to at least moderate the cuts is a band of House Democrats who have pledged to fight the food stamp cuts ferociously.
Five years after Wall Street crashed the economy, not one banker has been prosecuted for the reckless and fraudulent practices that cost millions of Americans their jobs, threw our cities and schools into crisis, and left families and communities ravaged by a foreclosure crisis and epidemic of underwater mortgages.
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If the September convention lives up to the spirit of today’s internal debate and AFL-CIO pursues policies recommended by the white paper, it stands to be the most significant convention since the 1995, when John J. Sweeny and his backers ousted the old guard Cold War warriors.
There is no conceivable benchmark—in our past, or in comparison to our international peers—by which one could sustain the argument that we are taxed too much, or “taxed enough already.”
Sharp cuts in government spending implemented March 1 as part of the sequester are slowing the recovery. The federal government shed another 14,000 workers in May, for a total of 45,000 jobs cut over the past three months. The federal work force now is smaller than at any time since February 2008.
Last month, thousands of people protested in Rome against austerity policies and high unemployment, urging the new government to focus on creating jobs to help pull the country out of recession. The sea of protesters waving red flags and calling for more workers' rights and better contracts. Italy is in a recession and unemployment has skyrocketed with youth unemployment at around 38 percent. "We can't wait anymore" and "We need money to live" were among slogans.
Documents presented to the Fund's board last Friday will reveal that the Washington-based organisation underestimated the damage austerity would cause to the eurozone country, which has required two bailouts in the past three years.
When historians look back at this period, perhaps they can point to 2013 as a time when talk about viable long-term solutions began, and every student was ensured the kind of education they deserve, no matter where they live.
Charity boss 'worried' by effect of austerity measures on Continent's poor.
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