Posts tagged ‘tax cuts’

Where Did the Debt Come From?

by , posted on Wednesday, October 24th, 2012 at 6:00 pm

from the Center for American Progress

We hear a lot about our debt. And it is a pressing issue. But where did it come from? Michael Linden, the Center for American Progress’s Director of Tax and Budget Policy, looks at what happened in the 10-years since the Congressional Budget Office projected a massive surplus.

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Will Obama, the Fed’s QE3 or Romney’s “Smaller Government” Create Jobs?

by , posted on Tuesday, September 25th, 2012 at 11:12 am

from The Real News Network

Leo Panitch and Sam Gindin (authors of The Making of Global Capitalism: The Political Economy of American Empire): As long as effective demand remains low and banks demand austerity to protect their assets, the crisis will deepen.

Part Two: The Crisis and Who Has the Power

Major structural change or effective short term reforms requires addressing democratic decision making starting with making banks a public utility.

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