Category Archives: Austerity

With Attention on Presidential Contest, GOP Goes on Austerity Rampage

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One leading Democrat warned Republicans’ spending proposals would “demolish public education” and “let corporate price gouging run rampant.”

By Jake Johnson. Published 7-6-2024 by Common Dreams

Speaker of the House Mike Johnson speaking with attendees at the Republican Jewish Coalition’s 2023 Annual Leadership Summit. Photo: Gage Skidmore/flickr/CC

With much of the public’s attention on the looming presidential election and high-stakes jockeying over who will take on Donald Trump in November, congressional Republicans in recent weeks have provided a stark look at their plans for federal spending should their party win back control of the presidency and the Senate.

The appropriations process for Fiscal Year 2025, which begins in October, is currently underway, with congressional committees engaging in government funding debates that are likely to continue beyond the November elections.

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Milei’s ‘twin extractivism’ reforms threaten Argentina and the planet

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Argentina’s debt will grow as Big Tech extracts data and knowledge, forcing state to abuse nature to pay it off

By Cecilia Rikap. Published 6-28-2024 by openDemocracy

Javier Milei, President of Argentina speaking at the World Economic Forum Annual Meeting in January 2024. Photo: World Economic Forum/flickr/CC

Argentina’s far-right president Javier Milei secured early this morning his first major win in office, with the country’s lower chamber passing the first of his landmark regressive reforms. Congress’s approval of the so-called Ley Bases, or the Bases Law, came weeks after the bill prompted a 13-hour debate in the upper chamber and a peaceful demonstration outside Parliament that was met with fierce police repression.

The legislation – which is a key part of Milei’s anarcho-liberal government plan – promotes investment in extractive industries, such as forestry, construction, mining, energy and technology. It includes a Large Investment Incentive Scheme (RIGI, by its Spanish acronym) that will grant extractive investment projects worth at least $200m lower income tax, authorise them to import fixed capital and tax only their exports in the first three years.

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In Snap Election, French Left Forms Alliance To Counter Far Right and Neoliberals

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Leaders of the new alliance vowed to “extinguish the flame” of Marine Le Pen’s far-right party and make a “total break” from President Emmanuel Macron’s anti-worker policies.

By Edward Carver. Published 6-14-2024 by Common Dreams

Image: Nouveau Front Populaire

France’s left-of-center parties announced on Thursday a new alliance aimed at countering both the ultranationalism of Marine Le Pen and the neoliberalism of President Emmanuel Macron in parliamentary elections that Macron called unexpectedly on Sunday.

The new alliance, called the Nouveau Front Populaire (NFP), formed following days of intense negotiations as several parties, most notably the center-left Parti Socialiste (PS) and the left-wing La France Insoumise (LFI), joined forces to put forth a common platform and avoid competing candidates in races for the 577 seats in the National Assembly.

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‘We Must Fight Against Fascists’: Protests Greet Far-Right Summit in Spain

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“We are not going to allow them to take even one step back,” one protester said as far-right political leaders set their sights on the European Union elections.

By Jessica Corbett. Published 5-20-2024 by Common Dreams

Dozens of people protest during a rally against the “Viva 24” event in Madrid, Spain on May 19, 2024. Photo: EFE Noticias/X

As European Union voters prepare for June elections, far-right leaders gathered in Madrid for a weekend rally hosted by Spain’s Vox party—a gathering at the Palacio de Vistalegre that drew protests and warnings about their plans for the continent.

Rally speakers delivered “strong messages against illegal migration and the bloc’s climate policy while declaring their support for Israel in its war against Hamas,” according to The Associated Press.

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‘Argentina Stopped’: Unions Hold Second General Strike Over Milei Austerity

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“It is a day of resistance and demand,” said trade groups that organized the action “in defense of democracy, labor rights, and the living wage.”

By Jessica Corbett. Published 5-10-2024 by Common Dreams

Photo: vijay banga/X

Argentina’s primary trade union federation on Thursday held another nationwide general strike, the second called since President Javier Milei, a far-right economist, took office in December and began pursuing sweeping austerity and deregulation.

The South American nation’s unions organized the strike “in defense of democracy, labor rights, and the living wage,” according to a statement from the General Confederation of Labor (CGT), the Argentine Workers’ Central Union (CTA), and the Autonomous CTA.

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‘Absurd!’: US Billionaires Pay Lower Tax Rate Than Working Class for First Time

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“It’s time to tax the billionaires,” economist Gabriel Zucman argues in a new analysis.

By Jake Johnson. Published 5-3-2024 by Common Dreams

Jeff Bezos. Photo: Daniel Oberhaus, 2019/flickr/CC

An analysis published Friday by the renowned economist Gabriel Zucman shows that in 2018, U.S. billionaires paid a lower effective tax rate than working-class Americans for the first time in the nation’s history, a data point that sparked a new flurry of calls for bold levies on the ultra-rich.

Published in The New York Times with the headline “It’s Time to Tax the Billionaires,” Zucman’s analysis notes that billionaires pay so little in taxes relative to their vast fortunes because they “live off their wealth”—mostly in the form of stock holdings—rather than wages and salaries.

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Poor People’s Campaign Plans June 29 Mass Assembly, March in DC

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“This is a crisis moment for our democracy,” said one campaigner. “We need for our political leaders to become moral leaders and take seriously the needs and priorities of the millions of people struggling simply to survive.”

By Jessica Corbett. Published 4-29-2024 by Common Dreams

Rev. William J. Barber II at the Democracy Awakening rally at U.S. Capitol in 2018. Photo: Becker1999/flickr/CC

Leaders of the Poor People’s Campaign: A National Call for Moral Revival on Monday announced plans for the Mass Poor People & Low-Wage Workers’ Assembly & Moral March in Washington, D.C. on June 29, just over four months before the U.S. elections.

The aim of the assembly and march is to “mobilize the one-third of the U.S. electorate who are poor and low-wage infrequent voters” as well as to pressure political leaders to embrace a 17-point agenda during the 2024 election cycle and beyond.

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‘Autocratic Rule’ of Erdogan Cracks as Secular Left Wins Big in Turkey Elections

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“You opened the door to the rise of democracy, equality, and freedom,” Istanbul Mayor Ekrem Imamoğlu said following his re-election. “You ignited hope at the ballot box.”

By Brett Wilkins Published 4-1-2024 by Common Dreams

Screenshot: Al Jazeera

Turkish President Recep Tayyip Erdoğan’s Justice and Development Party suffered its worst-ever defeat Sunday when the country’s main opposition party scored major wins in municipal elections, including in all five of the nation’s largest cities.

With nearly all ballots counted, candidates for the center-left Republican People’s Party (CHP) emerged victorious in Istanbul, the capital Ankara, İzmir, Bursa, Adana, and other cities and towns. Turkish media reported CHP victories in 36 of the country’s 81 provinces. The right-wing Justice and Development Party (AKP) performed best in the largely rural Anatolian interior.

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Teachers Union Sues NYC Mayor Over ‘Draconian’ Budget Cuts

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“We are already seeing more overcrowded classrooms,” said a union leader. “We are seeing children with special needs not getting their mandated services. And if these cuts go through, all of these situations get worse.”

By Jessica Corbett. Published 12-21-2023 by Common Dreams

New York City Mayor Eric Adams hosted his inaugural Black History Month event, “Bridging The Gap” at The Apollo in Harlem on Thursday, February 24, 2022.. Photo: nycmayorsoffice/flickr/Public domain

As New York City Mayor Eric Adams on Thursday delivered a speech claiming he has been able to “get stuff done” for working people over the past two years, a teachers union in the largest U.S. public school district sued the Democrat for trying to slash the education budget for fiscal years 2024 and 2025 “by staggering amounts.”

“The approximate $547 million in immediate budget cuts to the New York City School District announced on November 16, 2023, together with the further cuts proposed that may amount to close to $2 billion stripped from city schools this fiscal year and next, will have a far-reaching and devastating impact on teachers and New York City children,” says the complaint filed in state court by the United Federation of Teachers (UFT) and individual educators.

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Milei Couples ‘Total Crackdown’ on Protest With Economic Shocks in Argentina

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“Protest is elemental to Argentine social and political life, so it’s not difficult to imagine how this ends,” said one journalist.

By Julia Conley. Published 12-15-2023 by Common Dreams

Argentinian President Javier Milei. Photo by  Mídia NINJA

As the human impact of Argentinian President Javier Milei’s “shock treatment” to the South American country’s economy became increasingly clear with rising prices on Thursday, Security Minister Patricia Bullrich announced what one journalist said were doubtlessly “preemptive” new controls on protests to discourage a struggling population from speaking out.

Bullrich said four security forces—the Federal Police, the Gendarmerie, the Naval Prefecture, and the Airport Security Police—will work together to stop protests that block streets and suggested the protocol is aimed only at ensuring “that people can live in peace” without demonstrators blocking traffic.

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