Tag Archives: Austerity

Unemployment Benefit Cut-Off Will Slash Annual Incomes by $144 Billion: Analysis

“By failing to extend unemployment benefits, Congress and the White House will harm working people struggling in the pandemic.”

By Jake Johnson, staff writer for Common Dreams.  Published 9-17-2021

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

The decision by Congress and the Biden administration to let pandemic-related unemployment programs expire earlier this month will slash annual incomes across the U.S. by $144.3 billion and significantly reduce consumer spending, the Economic Policy Institute estimates in an analysis released Friday.

Drawing on recent research (pdf) examining the 26 states that prematurely ended the emergency unemployment insurance (UI) programs, EPI argues that the “best available evidence” indicates the benefit cut-offs thus far have resulted in “all pain and no gain.” Continue reading

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Democrats Urged to Reject Latest GOP Attempt to Hold Social Security ‘Hostage’

“Lindsey Graham and his fellow Republicans will stop at nothing to cut the American people’s earned Social Security and Medicare benefits.”

By Jake Johnson, staff writer for Common Dreams. Published 7-21-2021

Senator Lindsey Graham. Photo: Gage Skidmore/flickr/CC

Republican Sen. Lindsey Graham on Wednesday said he would be willing to vote to raise the federal debt ceiling in exchange for a policy that could result in cuts to Social Security and Medicare, a proposed trade-off that progressive advocacy groups implored Democrats to reject.

With members of Congress staring down an August deadline to increase the debt limit—the amount of money the federal government is legally permitted to borrow to meet its financial obligations—Graham (R-S.C.) told Bloomberg that he could bring himself to vote yes on a debt ceiling hike if Democrats agree to legislation establishing commissions tasked with crafting Social Security and Medicare “reforms.” Continue reading

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‘It’s Not Up to Him,’ Respond Critics as DeJoy Says He Plans to Remain Postmaster General for a ‘Long Time’

“DeJoy is daring Senate Democrats to do something about him.”

By Jake Johnson, staff writer for Common Dreams. Published 2-24-2021

Screenshot: C-SPAN

Update:

Postmaster General Louis DeJoy said during a House Oversight Committee hearing Wednesday that he intends to remain in his role “for a long time” and added, “Get used to me.”

But critics were quick to note that how long DeJoy remains postmaster general is ultimately up to the Postal Service Board of Governors, which is composed of up to nine Senate-confirmed officials who have the authority to remove and replace DeJoy. The postmaster general does not serve a fixed term. Continue reading

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‘This Is His Top Priority’: McConnell Advances Another Trump Judge as Covid Relief Bill Remains Unfinished

“As a government shutdown looms, and as the pandemic rages on across America, Senate Majority Leader Mitch McConnell continues to push through Trump’s judges until the very end.”

By Jake Johnson, staff writer for Common Dreams. Published 12-19-2020

Photo: THE WORLD NEWS/Twitter

Having kept the Senate in session over the weekend to complete work on a nearly $1 trillion coronavirus relief package and an omnibus government funding bill, Republican Majority Leader Mitch McConnell on Saturday moved to advance yet another of President Donald Trump’s right-wing judicial appointees as the desperately needed stimulus legislation remained unfinished.

The Republican-controlled Senate’s vote to limit debate on Thompson Michael Dietz, a Trump nominee to the U.S. Court of Federal Claims, came as Majority Whip Sen. John Thune (R-S.D.) suggested that coronavirus relief talks could spill into Monday as negotiators struggled to resolve a number of outstanding issues. Continue reading

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‘Republican Party Doesn’t Give a Damn About You’: McConnell Admits Direct Checks Only Included to Help GOP Win in Georgia

“Given that this conversion only came after ‘Kelly and David got hammered,’ no one should be fooled—or let him get away with it.”

By Jake Johnson, staff writer for Common Dreams. Published 12-17-2020

Screenshot: ABC News

After opposing another round of stimulus checks for months in the face of deteriorating economic conditions and widespread suffering, Republican congressional leaders have finally agreed to include direct payments in a coronavirus relief package that could be approved by the end of the week.

During a private GOP conference call Wednesday, Senate Majority Leader Mitch McConnell (R-Ky.) provided a straightforward and revealing reason for the sudden change of heart: “Kelly and David are getting hammered.” Continue reading

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Critics Smell ‘Economic Sabotage’ as McConnell Unveils Covid Plan With $0 for Unemployment Boost, Direct Payments

“McConnell is making it pretty clear that if Dems don’t win the Georgia Senate races, he will cripple the American economy, hoping it will let the GOP win the midterm.”

By Jake Johnson, staff writer for Common Dreams. Published 12-2-2020

Photo: Gage Skidmore/flickr/CC

Senate Majority Leader Mitch McConnell on Tuesday began circulating a coronavirus relief proposal whose contents offer so little assistance to the tens of millions of jobless, hungry, and eviction-prone Americans that critics warned the Kentucky Republican is actively working to ensure the U.S. economy remains mired in deep recession as Biden administration takes charge next month.

Described as a “targeted” relief proposal, McConnell’s plan is heavily geared toward providing corporations with immunity from coronavirus-related lawsuits; the offer includes a liability shield that Public Citizen’s Remington Gregg described as “breathtakingly broad.” The Kentucky Republican’s plan also contains a 100% tax deduction for business meals. Continue reading

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GOP ‘Plot to Gut Social Security Behind Closed Doors’ Gains Steam in Senate Covid-19 Talks

“With seniors most at risk from Covid-19, we need to be increasing Social Security’s modest benefits, not creating secret commissions to cut them.”

By Jake Johnson, staff writer for Common Dreams. Published 5-23-2020

Photo: Tony Alter/flickr/CC

A proposal by Sen. Mitt Romney to establish congressional committees with the specific goal of crafting legislative “solutions” for America’s federal trust fund programs has reportedly resurfaced in GOP talks over the next Covid-19 stimulus package, sparking alarm among progressive advocates who warn the Utah Republican’s bill is nothing but a stealth attack on Social Security and Medicare.

Politico‘s Burgess Everett reported Wednesday that Romney’s TRUST Act, first introduced last October with the backing of a bipartisan group of senators, “is getting a positive reception from Senate Republicans” in coronavirus relief discussions, which are still in their early stages. The legislation, Everett noted, “could become part of the mix” for the next Covid-19 stimulus as Republicans once again claim to be concerned about the growing budget deficit. Continue reading

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‘We’re Just Getting Started,’ Says Union Leader, as Worker Strike Activity Hits 35-Year High Under Trump

“Trump’s economy is not a workers’ economy, and workers know solidarity is the best way to fight back.”

By Jessica Corbett, staff writer for Common Dreams. Published 2-11-2020

Thousands of members and allies of the Chicago Teachers Union demonstrated in the city’s Union Park during a strike in October 2019. (Photo: CTU/Twitter)

In yet another rebuke to President Donald Trump’s claims that the U.S. economy is “roaring” and his “relentlessly pro-worker” agenda is serving the American public, a report published Tuesday by a progressive think tank revealed that the “number of striking workers surged in 2018 and 2019” after decades of decline.

The Economic Policy Institute (EPI) report, entitled Continued Surge in Strike Activity Signals Worker Dissatisfaction With Wage Growth, noted that the spike marked “a 35-year high for the number of workers involved in a major work stoppage over a two-year period.” Continue reading

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Senate Democrats Join GOP to Back ‘Automatic Austerity’ Bill That Would Gut Social Programs, Hamstring Bold Policies

“One priority of a Sanders or Warren White House absolutely must be politically crushing the deficit scolds within the Democratic Party.”

By Jake Johnson, staff writer for Common Dreams. Published 11-14-2019

Sheldon Whitehouse. Screenshot: MSNBC

A handful of Senate Democrats joined forces with Republicans last week to advance sweeping budget legislation that would establish an “automatic deficit-reduction process” that could trigger trillions of dollars in cuts to Medicare, Medicaid, food stamps, and other social programs—and potentially hobble the agenda of the next president.

The Bipartisan Congressional Budget Reform Act (S.2765), authored by Sens. Sheldon Whitehouse (D-R.I.) and Mike Enzi (R-Wyo.), passed out of the Senate Budget Committee on November 6. The legislation is co-sponsored by five members of the Senate Democratic caucus: Whitehouse, Mark Warner (Va.), Tim Kaine (Va.), Chris Coons (Del.), and Angus King (I-Maine). Continue reading

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‘So Awful’: Military Returns to Streets in Chile as Unrest Simmers

The president’s suspension of the public transporation fare hike has not stopped protests.

By Andrea Germanos, staff writer for Common Dreams. Published 10-20-2019

The Chilean Army on the streets. Photo: Javier Valdés/Twitter

Demonstrators in Chile continued their “pots and pans” protests Sunday following a week of unrest that saw hundreds arrested and the military patrolling the streets for the first time in decades.

A curfew and state of emergency are still in effect in Santiago and several other cities, The Associated Press reported.

Video posted below from online outlet El Monstrador shows a protest Sunday in Santiago’s Plaza Ñuñoa: Continue reading

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