Progressive Issues Blog
Dr. Professor Richard Wolff joined Thom Hartmann and talked about the economic place we find ourselves in and what may happen in the future. We need reforms – will we see them happen?
Republicans have repeatedly blocked or reduced efforts to get more money to individuals at the low-end of the economic scale, saying that we can't afford to spend this much money. But those same Republicans enthusiastically voted for a $1.5 trillion tax cut for billionaires and big corporations just two years ago.
Shouldn't any efforts going forward begin by repealing the Trump tax cut? And, while we're at it, repealing the Bush tax cuts and the Reagan tax cuts and taking us back to an economy that actually worked for everyone?
On the surface, the coronavirus emergency has nothing in particular to do with Joe Biden and Bernie Sanders. What’s obvious is that Donald Trump’s unhinged bluster and inaction let the pandemic get a lethal jump on the United States, people are dying while huge numbers of lives are in jeopardy, and quick drastic steps are imperative. Yet at the same time, the differences between what Biden and Sanders are advocating have enormous implications for what could be done to curb the deadly virus in this country.
The absence of a public health system is consistent with a timeworn pattern of massive holes in the public sector. Biden merely wants to patch up some of the holes, while Sanders wants to build strong structures on truly democratic foundations.
“It is time to ask how we got to where we are, not only our lack of preparation for the virus, but how we end up with an economy where so many people are hurting at a time of massive income and wealth inequality,” Sanders said at the close of his recent debate with Biden. “It is time to ask the question of where the power is in America. Who owns the media? Who owns the economy? Who owns the legislative process? Why do we give tax breaks to billionaires and not raise the minimum wage?”
While so-called “moderate” Democrats like Biden don’t want to answer -- or even hear -- such questions, Sanders insists on continuing to ask them.
Michel Chossudovsky discusses his new series of research articles on the "pandemic", including, "COVID-19 Coronavirus 'Fake' Pandemic: Timeline and Analysis" and "Coronavirus COVID-19: 'Made in China' or 'Made in America'?, among others.
Today, March 19th, marks the 17th anniversary of Shock and Awe, the most recent imperialist assault on Iraq by the United States. Even as we struggle in these times, we must recognize that we do not struggle alone. That there are those worldwide that ache and cry out for peace. And that we, as children of empire, are in a unique and powerful position – to create that peace.
I dedicate this piece to my veteran comrades, including but certainly not limited to Emily Yates, Matthew Hoh, Mike Prysner, Ryan Endicott, Daniel Lee and Mike Camp. See Poem below:
If you are a saver in a money market account or in a bank, you’ve already noticed your dwindling interest income as interest rates have been at their lowest in modern American history. Well, brace yourself. Your saving account has just become little more than a lock box, thanks to the supreme dictatorship of the Federal Reserve.
After ignoring the largely unproductive spiral in corporate debt, now a staggering $9.3 trillion, the risk of a domino effect from underwater “zombie companies” is pushing the Fed toward an orgy of printing money for an anticipatory bailout of profitable corporations – not depleted savers.
SSI is the main source of income for more than eight million disabled people under age sixty-five. They are among the poorest of the poor, receiving an average monthly SSI payment in January of $574.83. And people who live off of SSI must make sure they remain almost completely broke, or else see their benefits eliminated or reduced.
The SSI asset limit is: $2,000 for an individual, $3,000 for a couple. That’s not much of a nest egg.