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Economic Justice Justice Politics Role of government Taxation

Why you need to lose Social Security and Medicare

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To pay for tax cuts for billionaires, perpetual wars, a military budget larger than that of the next largest 10 countries combined, subsidies for Big Oil, welfare for Wall Street banks, hedge fund managers’ tax breaks, the lowest overall tax rates in decades, capital gains tax rates lower than earned income tax rates, rampant corruption, […]
Economic Justice Humor

Bill Maher's Republican commercial

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Economic Justice Obama Rocky Anderson

The Sharp Pain of Sequestration

Posted on Author Tom Barnard

Despite some pundits making light of the immediate effects of sequestration, the pain will soon be very real to our nation’s most vulnerable. Sharon Parrott, for the Center on Budget and Policy Priorities, a nonprofit research group laid it out in stark terms: “In fact, sequestration will have a real impact on Americans across the […]

One Reply to “How to fix the debt”

  1. In How the Fed Could Fix the Economy… and Why It Hasn’t , Ellen Brown explains how “reversing recession has taken a backseat to resuscitating zombie banks, maintaining the feudal dominion of a private financial oligarchy:”

    Quantitative easing as practiced today is not designed to serve the real economy. It is designed to serve bankers who create money as debt and rent it out for a fee. The money power needs to be restored to the people and the government, but we need an executive and legislature willing to stand up to the banks. A popular movement could give them the backbone. In the meantime, states could set up their own banks, which could leverage the state’s massive capital and revenue base into credit for the local economy.

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