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Nation Topics - Economic Policy

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This phony debt crisis has now passed through the looking glass into the realm where madness reigns.

After years of unnecessary spending and tax cuts, Republican politicians are finally complaining about unfathomable amounts of debt.

According to Washington, the crisis of the hour is the debt ceiling. According to ordinary Americans, the crisis is unemployment. 

 Ari Melber joins former Senator Ben Bradley to discuss the debt ceiling crisis. 

Obama's gutless decision to abandon Warren comes after the president populated his administration with the very people who created the financial meltdown.

Barack Obama

Republicans walked away from a budget deal not because cuts weren’t steep enough but because they included tax increases on the wealthiest. If they’re drawing a line in the sand, President Obama must, too.

How deceptive for politicians to stress “entitlements” when they talk about gutting Social Security and Medicare, two programs long paid for by their beneficiaries. 

Katrina vanden Heuvel explains how we have to shift the budget debate from one centered around Washington's debt crisis into one that looks at the full picture of America's jobs crisis.

Face it. We live in two nations, sharply divided by an enormous economic chasm between the super-rich and everyone else. 

Protests in Greece

The country is facing a convulsion unlike anything since the fall of the dictatorship in 1974.

Blogs

A Washington insider says to expect a push from White House to ratify the flawed Colombia Free Trade Treaty.  Also to be expected: rising body counts of trade unionists.

February 3, 2011

The president's adviser offered few specifics of how the president planned to make promised new investments while observing a five-year domestic spending freeze.

January 27, 2011

With the deal now done, key Democrats warn about mounting deficits and threat to social programs, with Oregon's Peter DeFazio declaring: "This is a raw deal for seniors, taxpayers and working men and women."

December 17, 2010

A new compromise between leading Republicans and President Obama to extend an expiring tax policy may end up benefiting some of its student opponents.

December 14, 2010

Republican activist Grover Norquist once famously declared that he'd like to shrink the federal government to the point where he could drown it in a bathtub—but a little-noticed provision in the "tax cut compromise" might well drain the states' sinks first.

December 10, 2010

The Democratic Caucus has rejected the agreement between White House and Republicans.

December 9, 2010

Audit reveals the scope of "emergency" loans. Bernie Sanders wants to know if  "secret Fed loans turned out to be direct corporate welfare to big banks." It's time to expand this investigation—and to conbsider Robert Pollin's proposal to put at least some of this money to work for the US economy.

December 2, 2010

The co-chairs of the President's National Commission on Fiscal Responsibility and Reform have a plan to address the nation's deficit and debt challenges by weakening Social Security and Medicare. They'll unveil it tomorrow. Today, Americans should tell Congress and the White House that there is no mandate for balancing the budget on the backs of working Americans. Call Congress. Raise a ruckus. Say: "Strengthen Social Security—Don't Cut It!"

November 30, 2010

Obama's Fiscal Commission puts cutting Social Security, Medicare, Medicaid "on the table." The president's response is "weak." Pelosi says, "This proposal is simply unacceptable."

November 12, 2010

The key to revitalizing the economy is freeing up still-frozen credit markets. 

September 30, 2010