Congressional Progressive Caucus urged members to reject the so-called Cromnibus if a provision which helps big banks trade derivatives in units backstopped by a government guarantee remained in the spending measure. This kind of activity was a cause of the 2008 crisis - it a giveaway to wealthy campaign donors and Wall Street banks. Analysis for more information about key takeaways from the proposed spending bill, as well as a few controversial surprises.
Reader Comments - Victory for Americans: Walgreens Won't "Invert"; Rosetta Comet Rendezvous; Reflections on My Seven Months in Israel; Incipient Inflation Freak-Out Could Wreck Economy; Jews Who Protest Israeli Policy; Academic Freedom Under Attack - The Firing of Steven Salaita; Anti-Semitism; Virgin America Flight Attendants Vote To Join Union; Healthcare - the NHS; Market Basket Srtike - Why Its So Important;
On This Day in History - FDR Signs Social Security Act
What the Social Security actuaries failed to foresee in 1983, when Social Security was last projected to be in long-term balance, wasn’t the Boomer retirement, but rather the fact that the dismal real wage growth of the previous decade.
In order to destroy public institutions, like Social Security, Medicare, Medicaid, public education and the Post Office, corporate America must first destroy the support they enjoy with the working class. One way to do this is to de-fund them or make them difficult and frustrating to access.
If the wealthy paid Social Security taxes on their full salaries (and we aren't even talking stock options and other forms of bonuses that are not subject to Social Security taxation) the Social Security Trust Fund would likely be able to expand benefits.
The loss of pensions at Boeing marks a major setback for unions, as employers typically follow the example of other employers at the bargaining table in terms of what constitutes a reasonable demand. Since the financial crash, unions have given up pensions for new hires at large, profitable, industry trendsetters such as General Electric, Verizon, Honeywell and now, Boeing.
Congressional Progressive Caucus urged members to reject the so-called Cromnibus if a provision which helps big banks trade derivatives in units backstopped by a government guarantee remained in the spending measure. This kind of activity was a cause of the 2008 crisis - it a giveaway to wealthy campaign donors and Wall Street banks. Analysis for more information about key takeaways from the proposed spending bill, as well as a few controversial surprises.
Spread the word