Tag Archives: Austerity

New Study Details ‘Staggering’ $6 Trillion (and Counting) Price Tag of Endless US War

“The U.S. continues to fund the wars by borrowing, so this is a conservative estimate of the consequences of funding the war as if on a credit card.”

By Julia Conley, staff writer for Common Dreams. Published 11-15-2018Wa

Total U.S. spending on war and all of its related costs will hit nearly $6 trillion by the end of 2019, according to the Watson Institute (Photo: Carpetblogger/flickr/cc)

While the human costs will remain impossible to calculate, a new analysis shows that the Pentagon barely scratched the surface of the financial costs of U.S. wars since September 11, 2001 when it released its official estimate last August regarding how much the U.S. has spent on fighting in Iraq, Afghanistan, Pakistan, and elsewhere.

The Watson Institute for International and Public Affairs reports (pdf) that by the end of the 2019 fiscal year, the U.S. will have spent $5.9 trillion on military spending in Afghanistan, Iraq, Syria, and other countries, as well as veterans’ care, interest on debt payments, and related spending at the Homeland Security and State Departments. Continue reading

Share

Trump Reportedly Wants to Cut Off Federal Relief Funds to Puerto Rico Despite Post-Maria Devastation

The president claims, with no evidence, that local officials want to use recovery money to pay down the U.S. territory’s sizeable debt

By Jessica Corbett, staff writer for Common Dreams. Published 11-12-2018

President Donald Trump reportedly wants to cut off federal relief funding to Puerto Rico even though much of the island is still devastated by Hurricane Maria, which hit the isalnd in September of 2017. (Chris Grogan/Air Force Magazine/Flickr)

Although it has been more than a year since Hurricane Maria ravaged Puerto Rico, in parts of the U.S. territory, “it’s like the hurricane hit yesterday“—yet President Donald Trump wants to cut off recovery money, according to Axios, “because he claims, without evidence, that the island’s government is using federal disaster relief money to pay off debt.”

The unfounded claims about federal funds being misappropriated come from Trump’s misreading of an October Wall Street Journal article, multiple unnamed sources told Axios‘ Jonathan Swan. Continue reading

Share

‘Morally Bankrupt’: After Tax Cuts for Richest, House GOP Unveils $5.4 Trillion Attack on Nation’s Safety Net

The Republican budget’s “extreme cuts to healthcare, retirement security, anti-poverty programs, education, infrastructure, and other critical investments are real and will inflict serious harm on American families.”

By Jake Johnson, staff writer for Common Dreams. Published 6-19-2018

Photo: YouTube

With the nation’s attention rightly fixated on President Donald Trump’s horrific treatment of immigrant children, House Republicans on Tuesday quietly unveiled their 2019 budget proposal that calls for $537 billion in cuts to Medicare, $1.5 trillion in cuts to Medicaid, and four billion in cuts to Social Security over the next decade in an effort to pay for their deficit-exploding tax cuts for the wealthy.

“It’s morally bankrupt, patently absurd, and grossly un-American,” the advocacy group Patriotic Millionaires said of the GOP’s budget proposal, which calls for $5.4 trillion in spending cuts from major domestic programs. Continue reading

Share

Poverty Rampant, Puerto Rico Destroyed, Single Payer “Too Expensive,” and Flint Still Doesn’t Have Clean Water. But You Can Have Space Force!

Trump channels Jim Crow era in announcing more militarized space

By Andrea Germanos, staff writer for Common Dreams. Published 6-18-2018

Photo: Nerdiest

President Donald Trump made the demand for more weapons sound not only ridiculous but also implicitly racist on Monday when he announced a new branch of the military—Space Force.

Speaking at a White House meeting of the National Space Council, Trump declared, “My administration is reclaiming America’s heritage as the world’s greatest space-faring nation,” and said he urged his “administration to embrace the budding commercial space industry.” Continue reading

Share

Housing discrimination thrives 50 years after Fair Housing Act tried to end it

File 20180419 163982 1cicwu4.gif?ixlib=rb 1.1

Fair housing protest in Seattle, Washington, 1964. Jmabel/Wikimedia Commons, CC BY-NC-ND

Prentiss A. Dantzler, Colorado College

In the midst of riots in 1968 after civil rights leader Martin Luther King Jr. was slain, President Lyndon B. Johnson signed the Fair Housing Act.

The federal legislation addressed one of the bitterest aspects of racism in the U.S.: segregated housing. It prohibited discrimination on the basis of race, color, religion and national origin when selling and renting housing.

The Department of Housing and Urban Development, or HUD, has administered the act with some success. From 1970 to 2010, the share of African-Americans living in highly segregated neighborhoods declined by half. But in areas that remained highly segregated in 2010, there were no signs of improvement. In several cities, such as Baltimore and Philadelphia, average levels of segregation had actually increased. Continue reading

Share

All Evidence Shows #GOPTaxScam Is Horrible. Only Question: Can It Be Stopped?

“No good can come of this plan unless you are wealthy or a corporation.”

By Jon Queally, staff writer for CommonDreams. Published 11-18-2017

Photo: LinkedIn

While informed critics and experts say they are now “running out of adjectives to describe how horrible” the GOP’s House and Senate tax plans are, the evidence continues to mount showing the manner in which the party’s overall approach is a gift to the rich and corporations at the expense of low- and middle-income families, millions of whom who will see their taxes actually go up while key social programs like public education, Medicare, Medicaid, and Social Security will face massive cuts.


Continue reading

Share

‘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

Share

Trump Vows to Make Paul Ryan’s Nightmarish Budget Vision a Reality

President Donald Trump’s campaign promises on safety net programs would certainly be broken if House Speaker Paul Ryan gets his way

By Deirdre Fulton, staff writer for Common Dreams. Published 1-26-2017

President Donald Trump on stage with Vice President Mike Pence and House Speaker Paul Ryan at the GOP congressional retreat on Thursday. (Screenshot)

In Philadelphia on Thursday, President Donald Trump seemed to reassure his party that he supports right-wing budget priorities like those embraced by House Speaker Paul Ryan—whose past budget plans have been denounced as “cruel,” “draconian,” “a massive cut-off of state funds to the most vulnerable population in the country,” “going after what Americans want, on issue after issue,” and “a Koch brothers’ dream and the American peoples’ nightmare.”

“He’s writing his heart out,” Trump said, looking over at Ryan during his address at the Republican congressional retreat. “And we’re actually gonna sign the stuff that you’re writing—you’re not wasting your time.” To the room of GOP lawmakers, who erupted in whistles and applause, Trump continued: “He would write and send it up—and nothing would happen. But now it’s gonna happen.” Continue reading

Share

Safe with ‘Oligarchs and Imperialists’ in US, Brazil’s New President Admits Coup Plot

Ousted President Dilma Rousseff wouldn’t enact austerity roadmap, so “a process was established which culminated with me being installed as president of the republic,” Temer says

By Andrea Germanos, staff writer for Common Dreams. Published 9-23-2016

Newly-installed Brazilian President Michel Temer speaking this week. (Photo: Agência Brasil Fotografias/flickr/cc)

Newly-installed Brazilian President Michel Temer speaking this week. (Photo: Agência Brasil Fotografias/flickr/cc)

Proponents of her ouster argued that former Brazilian President Dilma Rousseff was targeted and ultimately booted from office for budgetary wrongdoing or, ironically, corruption.

But fresh comments by new, unelected president Michel Temer himself back up claims that her impeachment was politically motivated, specifically, that Rousseff wouldn’t enact the austerity-promoting, welfare-slashing economic platform Temer unveiled from his party, the Brazilian Democratic Movement Party (PMDB), in October when he was vice president. Continue reading

Share

World’s Largest Strike? Tens of Millions in India Rise Up Against Right-Wing Economic Policies

Public sector workers across India went on strike to protest Prime Minister Modi’s push for privatization and demand higher wages

By Nika Knight, staff writer for Common Dreams. Published 9-2-2016

Strikers in , India. Photo: Twitter

Strikers in Jadavpur, India. Photo: @RitabrataBanerj/Twitter

Tens of millions of public sector workers in India went on strike Friday to protest Prime Minister Narendra Modi’s push for privatization and other right-wing economic policies.

“This strike is against the central government, this strike is for the cause of the working people,” said Ramen Pandey, of the Indian National Trade Union Congress, to Al Jazeera.  Continue reading

Share