The government-promoted plans let employers completely off the hook and put the entire burden of retirement savings and investment management on workers. They put another nail in the coffin of traditional plans in which employers share the expense.
Apart from filling corporate coffers and the pocketbooks of the 1 percent, the $1.9 trillion cut has put the federal government in a financial straightjacket.
Capitalism co-opts our best visions — through its soft hand, capital reforms its way out of crisis, putting forward more tolerable forms of exploitation.
The presidency of Donald Trump has ushered in a fresh wave of withering attacks on public employees at the federal level. Just days after taking the oath of office, Trump imposed a federal hiring freeze. And a new bill moving through Congress would eviscerate civil-service protections, making it easier to fire career government employees without due process. The president's proposed fiscal year 2018 budget is so austere that it would, according to the Washington Post
Edward Snowden, Emily Bell
Columbia Journalism Review
There’s an argument that was put forth by an earlier journalist, I.F. Stone: “All governments are run by liars and nothing they say should be believed.” In my experience, this is absolutely a fact.
The lack of wage growth is one reason why many consumers feel that the broader economic recovery hasn’t reached their wallets. The problem has divided academics and fueled political debate on Capitol Hill and across the country, turning an increase in the minimum wage, for example, into a central issue in the midterm elections.
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