Candidates who ran on slashing Medicare and Social Security lost big in November. But that doesn’t stop Pete Peterson from pushing the fantasy that voters’ biggest concern is the deficit.
The man behind Fix the Debt has spent decades trying to foment panic over a looming economic disaster, with little to show for it.
The “Fix the Debt” campaign is pure astroturf: corporate cash machinery masquerading as a grassroots uprising.
Dire warnings about the deficit don’t add up mathematically. But then, Fix the Debt is not really about the economy, it’s about gutting Medicare, Social Security and other social programs.
He may not have achieved the full FDR, but the president’s State of the Union speech, like his Inaugural, displayed a welcome progressive spirit.
The decline of the progressive income tax and the rise of inequality.
In the looming debt-ceiling fight, progressives must make the case for protecting social programs, raising revenues and cutting the Pentagon budget.
It’s past time for the rule to stop banks from making making risky bets with consumers’ money. But a House committee hearing devoted itself to stalling and lying about the Volcker Rule.
How a central bank created to exist apart from politics got drawn into bitter political arguments.