A conference committee has been established, with a Dec. 13 report back date to propose a new budget. Republican Paul Ryan is already discussing cuts to Social Security, Medicare and Medicaid.
Republicans are committed to the belief that the only way out of the economic crisis is through austerity for the people. Clearly many Democrats as well buy into this profits-before-people policy.
Today, 2 million signatures protesting the cuts are being presented to the White House. Sen. Bernie Sanders, I-Vt., promises to do everything he can to block the chained CPI proposal and cuts to Medicare.
It's clear that the wealthy backers of the "tear down every advance for working people since the New Deal" crowd have lots of phony arguments about debt and austerity.
Many - a significant portion I would argue - disapprove of the "fiscal cliff" deal because it does not increase taxes enough on the wealthy.
For generations in this country any talk by an elected official of cutting Social Security meant political suicide.
It's no surprise that Republicans, right-wing think tanks, corporate moguls and, of course, Wall Street execs and CEO's are worried sick about Occupy Wall Street.
Even though they're afraid to utter the W word, it's pretty easy to see what their views are on issues concerning the majority of voters.
The GOP presidential candidates proffered a free-market fairy tale straight from their alternate universe.
One part of the jobs program that President Obama will be presenting this week is an extension of the payroll tax reduction. Some activists and economists are opposing an extension, claiming that it will undermine Social Security. What should be done?