Oregon voters sent a message to the nation yesterday, raising taxes on corporations and the wealthy to prevent cuts in education and other public services.
WASHINGTON—Lawrence Mishel, president of the Economic Policy Institute told a Senate hearing Jan. 21 that unemployment is a "dire emergency" that requires federal action "on a scale that can make a difference."
Seventy-three percent of Americans, including a majority of Republicans, like the idea of taxing those fat Wall Street bonuses.
ELYRIA, Ohio - Lorain County, ravaged by closed plants, budget crises and double-digit unemployment, gave President Obama an enthusiastic welcome Friday.
Californians in the crosshairs of Republican Gov. Arnold Schwarzenegger's latest budget proposals have launched a statewide movement to save and improve their state's safety net.
The "deficit commission" would "undemocratically subvert the normal legislative process and recklessly target Social Security and Medicare," a Campaign for America's Future leader warned.
With Wall Street executives raking in windfall profits while the rest of the country staggered through a banker-caused recession, President Obama pledged to impose a tax on major financial firms to recoup bailout money.
The MTA's cuts, targeting students and seniors, are even worse than past "doomsday" scenarios, but the truth is, none of these cuts are necessary.
It took the Washington Post until almost a year after he left office to do it, but on its front page Jan. 2 the paper, which normally emphasizes happy economic news, printed a report that described the Bush years as the worst decade for the U.S. economy in modern times.
After coping with over $60 billion in budget shortfalls this year, Republican Governor Arnold Schwarzenegger is expected to propose draconian new budget cuts.