Category Archives: Austerity

‘Either Trade Unions Win This, or It Will Be the Far Right’: Labor Sees High Stakes in French Pension Fight

A new poll shows that Marine Le Pen would beat French President Emmanuel Macron in a head-to-head rematch, making the left’s struggle against Macron’s pension attack a struggle for democracy in France.

By Kenny Stancil. Published 4-7–2023 by Common Dreams

A demonstration on the 11th day of nationwide strikes against the government’s proposal to raise the retirement age in Paris, France on April 6, 2023. Photo: Alexandros Michailidis/Twitter

As French workers intensify their fight against President Emmanuel Macron’s deeply unpopular plan to raise the nation’s retirement age from 62 to 64, the stakes couldn’t be higher.

A poll released Wednesday shows that reactionary lawmaker Marine Le Pen—leader of the far-right National Rally party, the largest opposition force in Parliament—would beat Macron by a margin of 55% to 45% in a head-to-head rematch. The neoliberal incumbent defeated Le Pen in a runoff election last April, but the openly xenophobic and Islamophobic challenger has gained significant ground since their first matchup in 2017.

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15 Million People Could Lose Coverage as Nightmarish Medicaid ‘Purge’ Begins

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“I feel sick,” said one physician. “Medicaid is not enough: we need seamless, lifelong universal care now.”

By Jake Johnson. Published 4-1-2023 by Common Dreams

Beginning on Saturday, states across the U.S. will start the process of stripping Medicaid coverage from millions of people as pandemic-related protections lapse, part of a broader unraveling of the safety net that was built to help families withstand the public health crisis and resulting economic turmoil.

Medicaid’s continuous coverage requirements were enacted early in the Covid-19 pandemic to help vulnerable people maintain insurance amid the health emergency, resulting in record-high Medicaid enrollment.

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Trustees Report Shows Social Security Expansion a ‘Question of Values, Not Affordability’

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“The trust funds are strong because most Americans contribute to them with every paycheck,” said one advocate. “They could be even stronger if the wealthiest Americans paid their fair share.”

By Jake Johnson. Published 3-31-2023 by Common Dreams

Rally at Minneapolis Social Security Office i August of 2012/ Photo: AFGE/flickr/CC

The board of trustees for Medicare and Social Security released a report Friday showing the programs’ trust funds will be able to cover all benefits and expenses until 2031 and 2034 respectively, findings welcomed by advocates as further confirmation that the key lifelines are strong and can be expanded.

Nancy Altman, president of the progressive advocacy group Social Security Works, argued in a statement that “the takeaway from this report is that whether to expand or cut Social Security’s modest but vital benefits is a question of values, not affordability.” Continue reading →

How the ‘Holman rule’ allows the House to fast-track proposals to gut government programs without debate or much thought at all

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*Reinstituted rules in the U.S. House of Representatives allow members to fire federal staffers and cut programs.*
*Kent Nishimura / Los Angeles Times via Getty Images*

Charles Tiefer, University of Baltimore

The slim Republican majority in the House of Representatives has just voted to give itself a streamlined way to fire civil servants and shut down federal programs it doesn’t like – outside the standard process of review and debate.

This method, known as the Holman rule, has been used in the past by both parties to cloak political decisions in the language and process of saving taxpayers money. It was included in a package of rules approved as the House began its business in January. Continue reading →

Why America has a debt ceiling: 5 questions answered

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*The sky’s not always the limit.*
*AP Photo/Susan Walsh*

Steven Pressman, The New School

Republicans and Democrats are again preparing to play a game of chicken over the U.S. debt ceiling – with the nation’s financial stability at stake.

The Treasury Department on Jan. 13, 2023, said it expects the U.S. to hit the current debt limit of US$31.38 trillion on Jan. 19. After that, the government will take “extraordinary measures” – which could extend the deadline until May or June – to avoid default.

But it’s not clear whether Republicans in the House will agree to lifting the debt ceiling without strings attached – strings that President Joe Biden and Senate Democrats have vowed to reject. Right-wing Republicans demanded that, in exchange for voting for Kevin McCarthy as speaker of the House, he would seek steep government spending cuts as a condition of raising the borrowing limit. Continue reading →

Nobody loved you, 2022

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From devastating floods in Pakistan to Italy’s far-right PM to overturning Roe v Wade, this was a year of extremes

By Adam Ramsay Published 12-30-2022 by openDemocracy

A flooded village in Matiari, in the Sindh province of Pakistan. Photo: Asad Zaidi/UNICEF

How do you turn 365 days experienced by eight billion people – and billions more other beings – into some kind of story?

Maybe you start with some events?

In which case, 2022 was the year that Covid vaccines kicked in. Daily global deaths hit 77,000 on 7 February, and have declined fairly steadily ever since. It was the year Russia invaded Ukraine, the first war between major European powers since 1945. Continue reading →

Congress Just Passed $858 Billion Military Budget, But GOP Is Blocking $12 Billion to Fight Child Poverty

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“This isn’t using our taxpayer dollars wisely,” said one analyst. “It’s robbing programs that we need.”

By Jake Johnson Published 12-17-2022 by Common Dreams

Sen. Mike Crapo, the ranking member of the Senate Finance Committee. Photo: USDA/flickr/CC

Congressional Republicans happily teamed up with Democrats this month to authorize $858 billion in military spending for the next fiscal year, but the GOP is refusing to even consider proposals to revive the Child Tax Credit expansion that lifted millions of kids out of poverty last year—even though bringing the program back would cost a fraction of the Pentagon outlay.

A spokesperson for Senate Finance Committee Chair Ron Wyden (D-Ore.) told HuffPost earlier this week that Republicans have thus far been unwilling to negotiate over the Child Tax Credit (CTC) boost, which they unanimously opposed when it was enacted as part of the American Rescue Plan last year. Continue reading →

Lame-Duck Dems Must Lift Debt Limit, Advocates Say as GOP Doubles Down on Social Security Threats

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“Democrats must do whatever it takes to defeat Republican attacks on our earned Social Security benefits,” said one advocate. “That means raising the debt ceiling this year, before Republicans take control of the House.”

By Julia Conley. Published 11-30-2022 by Common Dreams

#StoptheShutdown Press Conference with Speaker Pelosi and Senator Schumer in 2019. Photo: AFGE/flickr/CC

Progressives on Wednesday warned that time is running out for Democratic leaders to take Republicans at their word regarding slashes to social safety net programs, as U.S. Sen. John Thune indicated the GOP will use a potential fight over the debt ceiling next year as leverage to push cuts—unless the Democrats act now to raise the debt limit while they still control the Senate and House.

Thune (R-S.D.), who is the number-two Republican in the Senate as the chamber’s minority whip, told Bloomberg Tuesday that the party has a “long list” of policy priorities for the next Congress, which will commence on January 3. The party plans to put forward budget reforms including to federal programs which they have long claimed, erroneously, are unsustainable. Continue reading →

US Unemployment System ‘Wholly Unprepared’ as Fed Risks Throwing Millions Out of Work

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“If another wave of job losses does indeed hit, the unemployment safety net isn’t ready to cushion the blow without significant improvements,” warns the co-author of a new study.

By Jake Johnson Published 11-1-2022 by Common Dreams

People’s Unemployment Line protest in Philadelphia, 2020. Photo: Joe Piette/flickr/CC

With the Federal Reserve poised to induce mass layoffs in its ongoing campaign to curb inflation, a study published Tuesday warns the notoriously fragmented U.S. unemployment system is nowhere near ready to handle another surge in jobless claims, potentially spelling disaster for the millions of people who could be thrown out of work next year.

Authored by Andrew Stettner and Laura Valle Gutierrez of The Century Foundation (TCF), the new analysis notes that “the share of jobless workers actually receiving UI benefits has shrunk dramatically” since federal benefit increases expired last year. According to TCF, just 26.8% of jobless workers were receiving state unemployment benefits in the 12 months that ended in August 2022, a sharp decline from the 76% rate through early 2021. Continue reading →

GOP Threatens to Hold Economy Hostage to Slash Climate Investments

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“If Republicans take over Congress, they plan to hold the government hostage and ransom our future,” said one climate advocate.

By Jake Johnson Published 10-25-2022 by Common Dreams

Screenshot: CNN

In addition to threatening cuts to Social Security and Medicare, congressional Republicans are reportedly plotting to use the debt ceiling and an end-of-year clash over government funding to target popular climate investments approved in August as part of the Inflation Reduction Act.

The Washington Post reported Tuesday that “while some Republicans do favor brinkmanship over Medicare and Social Security… some aides and analysts think the GOP may be more likely to demand changes to other Democratic priorities.” Continue reading →

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Category Archives: Austerity

How the ‘Holman rule’ allows the House to fast-track proposals to gut government programs without debate or much thought at all