Category Archives: Austerity

US Inequality Crisis Worst in Industrialized World. Trump Will Make It Worse.

If the policies favored by the Trump administration—including massive tax cuts for the rich and reductions in spending on Medicaid and education—go into effect, the U.S. will only fall further in the global rankings

By Jake Johnson, staff writer for Common Dreams. Published 7-17-2017

“Policymaking processes dominated by elites undermine democracy,” Max Lawson and Matthew Martin write. (Photo: Dean Chahim/Flickr/cc)

The United States is already the most unequal industrialized nation in the world, and a new report published on Monday shows that President Donald Trump’s agenda would only make matters worse.

“The Commitment to Reducing Inequality Index,” developed by Oxfam in partnership with Development Finance International (DFI), uses several factors to “measure the commitment of governments to reducing the gap between the rich and the poor.”

Compared to other wealthy nations, the report concludes, the U.S. is doing “very badly” in the fight against income and wealth inequality. Continue reading

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Serving Wall Street Predators, GOP Launches Swift Attack on New Rule Protecting Consumers

The rule from the CFPB blocks ‘a fine-print trick that banks and predatory lenders use to evade accountability and conceal illegal behavior’

By Andrea Germanos, staff writer for Common Dreams. Published 7-12-2017

Consumer Financial Protection Bureau architect Sen. Elizabeth Warren (D-Mass.), seen here in 2016, said the new rule from the agency “will allow working families to hold big banks accountable when they’re cheated.” (Photo: New America/flickr/cc)

A new rule by a federal watchdog—hailed as having “paramount importance” for protecting consumers from Wall Street predators and curbing corporate abuses—is under direct attack by Republicans just days after being issued.

The rule from the successful and broadly-supported Consumer Financial Protection Bureau (CFPB) bans companies from using mandatory arbitration clauses, which makes consumers give up their right to file or join class-action lawsuits. In other words, it blocks “rip-off clauses” that are “a fine-print trick that banks and predatory lenders use to evade accountability and conceal illegal behavior,” as advocacy group Public Citizen put it, noting that they are also used by many corporations. Continue reading

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Debt Relief—Japanese-style—Could Work Here

Japan has found a way to write off its national debt without creating inflation. Why can’t we do that?

By . Published 7-3-2017 by YES! Magazine

Minatomirai 21, newly developed bayside district in Yokohama, Japan. Photo: Gleam [CC-BY-SA 3.0] via Wikimedia Commons

Let’s face it. The U.S. government is never going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it, year after year.

A lot of interest.

If the Federal Reserve raises the Federal Funds Rate, which is the interest major banks charge each other for overnight loans, to 3.5 percent and sells its federal securities into the market, as it is proposing to do, the projected tab will be $830 billion annually by 2026. That’s nearly $1 trillion owed by the taxpayers every year, and that just covers interest. Continue reading

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‘Not One Day More’: Massive London Rally Says No to Austerity, Privatization

Jeremy Corbyn: “This is the age of imagination, this is the age in which we will achieve that decency and social justice that we all crave.”

By Common Dreams. Published 7-1-2017

Jeremy Corbyn speaking in Parliament Square. Photo: UnitePolitics/Twitter

Tens of thousands marched through central London on Saturday to protest privatization and austerity that has led to cuts in spending for education and public services.

Many carried signs reading: “Austerity Kills,” “Cuts Cost Lives,” “Not One Day More,” and “Tories Out.”

After holding a minute’s silence in honor of the victims of the deadly Grenfell Tower fire in London, which killed at least 80 people, those in the crowd also staged a round of applause for the emergency services. Continue reading

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What happens when the federal government eliminates health coverage? Lessons from the past

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Larissa Pisney of Denver protests outside the Aurora, Colorado offices of Rep. Mike Coffman (R-Colorado) to show her displeasure with efforts to dismantle the ACA. David Zalubowski/AP

Simon Haeder, West Virginia University

After much secrecy and no public deliberation, Senate Republicans finalized release their “draft” repeal and replace bill for the Affordable Care Act on June 22. Unquestionably, the released “draft” will not be the final version.

Amendments and a potential, albeit not necessary, conference committee are likely to make some adjustments. However, both the House version – American Health Care Act (AHCA) – and the Senate’s Better Care Reconciliation Act (BCRA) will significantly reduce coverage for millions of Americans and reshape insurance for virtually everyone. The Congressional Budget Office (CBO) is expected to provide final numbers early the week of June 26. Continue reading

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Arrests of Trumpcare Protesters, Some in Wheelchairs, Outside McConnell’s Office

“Don’t touch Medicaid! Don’t touch Medicaid!”

By Common Dreams. Published 6-22-2017

A Trumpcare opponent being carried from a sit-in outside of Senate Majority Leader Mitch McConnell’s office on Thursday morning after the Republicans released their draft version of a healthcare overhaul bill. (Photo: Screenshot/CNBC)

Soon after a draft version of the Republican’s Senate version of their Trumpcare care bill was released Thursday morning, Capitol Hill Police were systematically arresting people who staged a dramatic sit-in outside of Senate Majority Leader Mitch McConnell’s office.

Amid chants of “Don’t Touch Medicaid!” and signs suggesting the same, many of those protesting the Senate bill were either elderly or in wheelchairs, offering a stunning visual as police tried to remove them from the hallway. Continue reading

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In Major Tax Speech, Paul Ryan Lays Out Plan to Lavish Rich With Tax Cuts

“Paul Ryan is not serious about tax reform. He’s serious about tax giveaways—for millionaires, billionaires, and wealthy corporations.”

By Jake Johnson, staff writer for Common Dreams. Published 6-20-2017

Photo: YouTube

After spending months selling a healthcare plan that proposed kicking millions off their insurance and gutting crucial safety net programs, House Speaker Paul Ryan (R-Wis.) has now shifted his focus to tax reform, where he hopes to provide significant tax relief to the wealthiest Americans.

On Tuesday, after weeks of failing to offer any details on his ambitious plan to permanently overhaul the tax code, Ryan made his first major pitch to the National Association of Manufacturers—a business advocacy group that has in the past received funding from the Koch brothers. Continue reading

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‘Stunning and Dangerous’: DeVos Memo Reveals Plan to Roll Back Civil Rights

“President Trump and his administration can claim to oppose discrimination all they want, but actions speak louder than words,” said Sen. Patty Murray (D-Wash.)

By Jake Johnson, staff writer for Common Dreams. Published 6-17-2017

Education Secretary Betsy DeVos at the Conservative Political Action Conference (CPAC) this year. (Photo: Gage Skidmore/flickr/cc)

In a move decried as “more evidence of backward thinking” by the Trump administration, an internal memo from the Department of Education’s office for civil rights lays out the agency’s plan to roll back investigations into civil rights violations at public schools and diminish Obama-era rules requiring “schools and colleges to overhaul policies addressing a number of civil rights concerns,” the New York Times reported on Friday.

According to the memo, “requirements that investigators broaden their inquiries to identify systemic issues and whole classes of victims will be scaled back,” the Times noted. “Also, regional offices will no longer be required to alert department officials in Washington of all highly sensitive complaints on issues such as the disproportionate disciplining of minority students and the mishandling of sexual assaults on college campuses.” Continue reading

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Involuntary Manslaughter Charges for Top State Health Official for Role in Flint Water Crisis

Advocacy group says new charges boost call for governor to resign

By Andrea Germanos, staff writer for Common Dreams. Published 6-14-2017

Michigan’s top health official was among five people charged with involuntary manslaughter for their role in the Flint water crisis. (Photo: Flint Rising/ Facebook)

Michigan’s attorney general announced Wednesday that the head of the state’s health department and four others have been charged with involuntary manslaughter for their role in the years-long Flint water crisis.

Nick Lyon, director of Michigan Health and Human Services, “failed in his responsibilities to protect the health and safety of the citizens of Flint,” state AG Bill Schuette said at a press conference Wednesday. Continue reading

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Disabled, Sick or Poor? Trump’s America is not for You

Trump’s contempt for disabilities became apparent early in his campaign. Now echoed by Ryan’s budget and the GOP’s pushing of a healthcare plan whose success depends on Americans with illness dying to save billions over the years in lowered medical costs, many are losing hope.

Written by John Benedict

Photo: fionao71/tumblr

I’m angry.

As an American who works for a company whose owner is disabled; as a coworker of a person who is disabled; as the son and nephew of disabled American Veterans; and the spouse of a person who receives RSDI income due to a disability; I’m sickened by the proposed 2018 Federal Budget put out by the Trump White House.

The current administration shows no regard for Americans with disabilities. Nor do they appear to care about anyone with a “pre-existing” medical condition. Nor do they care about anyone else who will lose their healthcare coverage when the Republicans figure out a way to repeal the Affordable Care Act. Oh, did I mention that they also plan on slashing spending on Medicaid,  the Supplemental Nutrition Assistance Program (SNAP), the Childhood Health Insurance Program (CHIP), Social Security Disability Insurance, Social Security Benefits, and other programs?

Since when do we care so little about our fellow Americans that we would be willing to let them suffer and even die so that “we” can build up our already enormous stockpile of military weapons and be able to give each of the millionaires in the United States a nice $50,000 tax break (round numbers- if you happen to be a millionaire -your slice of what is left of the sick / disabled /or poor may be slightly different)?

I have paid taxes for 39 years to fund these programs. Now this administration tells me and the rest of the American taxpayers that we don’t need any safety nets. If you can’t work, well then , you don’t deserve to eat. If you are unfortunate enough to get hurt on the job, well then, it sucks to be you. You don’t deserve a “hand-out” from the insurance fund that you have paid into your entire working life. If your child has cancer that is being treated under your current insurance policy, and your employer decides to change insurance providers, well sorry about that, but that is a ‘pre-existing’ condition now and your new insurance won’t cover it, or it will up to a limit that you will surpass in a short amount of time, we can’t worry about that, because this country needs more bombs and missiles, and a tax cut for the millionaires who REALLY don’t care if that child of yours dies or not. Suck it up buttercup and get with the program. You and your well being JUST DON’T MATTER.

I love my county. I believe  the politicians that “We the People” elect are supposed to represent  all of us that comprise”We the People”. Not the Corporations (no matter what SCOTUS told us in the ‘Citizens’ United’ decision), and NOT just a small amount of “citizens”who have filled their campaign coffers. We need politicians who have the gumption to stand up against this budget which is nothing more than a vile attack on those who are poor, sick or disabled.

We as Americans deserve better. Much Better.

Related Article: No country for people with disabilities

About the Author:
John Benedict grew up in white, middle-class America when there still was such a thing. He has worked blue collar jobs for nearly 40 years. He grew up in a home where one parent who had a disability. He also is now married to a disabled spouse.

 

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