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, privatization etc.
Can we all breathe a sigh of relief now that Congress has passed and the president has signed a bill increasing the debt ceiling and cutting the budget by $1 trillion? After all, it seems like sanity prevailed. That would have been the case if Congress has simply passed an increase in the debt ceiling. […]
A new report from the Congressional Research Service (CRS) – Congress’s nonpartisan research arm – touched a nerve among free-market ideologues, who reacted to the wonky policy brief by accusing CRS of partisanship and calling their analysis into question. But politicians from both parties, as well as these same ideologues, often cite CRS data and […]