Wednesday, March 20, 2013
Washington’s Budget Battles
Paul Krugman highlights that there have been two serious budget documents put forward in Washington recently, but the Ryan budget is not one of them. “Ryan is claiming he can slash the top tax rate from 39.6 percent to 25 percent, yet somehow raise 19.1 percent of GDP in revenues — a number we haven't come close to seeing since the dot-com bubble burst a dozen years ago.”
The Ryan Budget gives more tax breaks to the rich, weakens the middle class, and makes college unobtainable for low-income student. The worst part is we haven’t even named half of the problems with it. Read on to learn more.
Ryan Budget 101: The 10 Worst Things About the House Republican Budget - Center for American Progress
On the other hand, the CPC budget (mentioned in the above Krugman piece) would create 6.9 million jobs. It would "stimulate now, cut later, and result in a deficit that is just over 1.0 percent of GDP by the middle of the decade and a debt to GDP ratio that is on a clear downward track.”
Seven Million Jobs, Two Budgets - and One Very Strange Tribe - Huffington Post
Monday, March 18, 2013
Labor Roundup ‘Round the Globe
President Obama plans to nominate Thomas E. Perez as Labor Secretary today. “Perez… is a first-generation Dominican American with a long career in public service. Although Democratic supporters consider him a vigorous advocate of worker rights, he could face a challenge from Republicans angry about initiatives at the Justice Department.” Likely GOP obstructionism? Go figure…
Foreign students on cultural exchange visas walked off the job at McDonalds after being forced to work “endless shifts, as long as 25 hours, for which they got no overtime pay. If they complained, they were threatened with deportation. The students were also expected to be available any time, with virtually no notice.”
Student Guestworkers Pressure McDonald's - Labor Notes
Cambodian garment workers protested the “sudden closure of the Kingsland apparel factory, which robbed them of both their jobs and tens of thousands in wages.” Their hard work paid off, with “some two hundred Kingsland workers who produced clothing for H&M and Wal-Mart-affiliated brands for about $60 a month have won a settlement of an estimated $200,000.”
Cambodian Workers Wrest Justice from Wal-Mart and H&M Supplier - In These Times
Friday, March 15, 2013
American Children are NOT doing better than their parents. Here’s the proof.
Student loan debt, stagnant wages, and a lack of good jobs are making it nearly impossible for our younger generation to obtain the quality of life their parents had.
Younger Generations Lag Parents in Wealth-Building - New York Times
But it’s not just the young who are suffering under an economy designed for the 1%. “A growing number of workers are convinced they will not have a comfortable retirement. A Boston College study in October found that 53 percent of Americans were “at risk” of being unable to maintain their pre-retirement standard of living once they retire, up from 30 percent in 1989.”
Pushing Back Retirement, and Not Always for Money - New York Times
“With US unemployment near 8%, millions of Americans simply cannot find the work they need to keep a roof overhead, the lights on, and food on the table for their families.” It’s time we demanded more. Union? Yes!
Wednesday, March 13, 2013
One of the Greatest Threats to America
Al Gore doesn’t just talk about climate change. The Former VP also makes some good points on income inequality, which is one of the biggest problems we face today. “The wealthiest one percent of Americans now have more wealth than the bottom 90 percent… Too much wealth concentrated in the hands of too few disrupts societal stability and corrupts the wealth-creating incentives of our capitalist system.”
Worsening Income Inequality - Huffington Post
Did you know that because of our current levels of income inequality, “Britain of 2013 has greater social mobility than the USA. In fact, it is now easier for the average German, Japanese or Dane to rise through the income ranks than it is for the average American.”?
We posted this video on wealth inequality last week, and we are glad to see it’s still picking up steam. The level of income inequality in the U.S. is bad enough, but the disparities in wealth between the rich and the poor will make your jaw drop.
This viral video is right: We need to worry about wealth inequality - Washington Post
Monday, March 11, 2013
Enough Austerity Talk, More Action on Jobs.
President Obama is trying to salvage a “a big deficit-reduction deal” while battling Republican resistance. We’ve seen what the Republicans want, tax cuts for the richest while gutting the middle class. The president needs to stand strong, and show Washington that the best way to deal with the deficit is by putting Americans back to work in good-paying jobs.
In Search of Debt Deal, Obama Walks a Narrow Path - New York Times
“Austerity cuts never succeed in their announced goal of reducing deficits and debt, and instead tend to destroy the economic and political systems of countries where they are carried out.” It’s time to end this austerity nonsense and get people back to work.
“There was a time, within the living memory of millions of Americans, when this country championed democracy, freedom of speech, freedom of the press and the right to organize in the same breath.” We need a recommitment to the idea that labor rights are human rights.