It should surprise no one that Sen. Jim DeMint’s deficit-reduction plan would kick the crutches out from under the poor and disadvantaged. According to Jim Rosen of McClatchy Newpapers, 70 percent of DeMint’s proposed cuts would target public assistance programs like food stamps, Medicaid and the Earned Income Tax Credit. DeMint wants to cut $3 … Continue reading »
Filed under Occupy Wall Street …
Occupy The Social Safety Net
From The Nation: By Betsy Reed December 14, 2011 This fall, as eye-popping statistics depicting the obscene wealth of the top 1 percent were liberated from obscurity by Occupy Wall Street, some equally revealing figures emerged showing how those on the lowest rungs of our economy are faring. The vicious bite of the Great Recession … Continue reading »
60 Minutes Interviews Wall Street Whistleblowers (Must View)
From CBS News: Richard Bowen, a former Citigroup VP, who sounded the alarm for deaf ears. Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown. Eileen Foster, a former senior executive at Countrywide Financial, and Richard Bowen, a former vice president at Citigroup, tell 60 Minutes‘ Steve Kroft the … Continue reading »
Opinion: The Dawn Of A New Progressive Era
From The New York Times: Kent Porter/The Press Democrat, via Associated Press Protesters severely disrupted operations at the Port of Oakland, Calif., earlier this month. By JEFFREY D. SACHS Published: November 12, 2011 OCCUPY WALL STREET and its allied movements around the country are more than a walk in the park. They are most likely … Continue reading »
