Great Recession

MI's Flat Tax Debacle: Poor Pay More, No One Wins

MI's Flat Tax Debacle: Poor Pay More, No One Wins
Michigan Governor Rick Snyder promised everyone in his state lowering taxes on business (and conversely, raising them on the poor) would help the economy. The evidence is in: the economy is stagnant, and the poor hurting like never before.
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Republicans Redouble Efforts to Kill FDR's New Deal

Republicans Redouble Efforts to Kill FDR's New Deal
Franklin Delano Roosevelt understood that when times were tough a safety net was desperately needed to soften the fall. The New Deal allowed families a reprieve from the very worst of the Great Depression, but Republicans have been trying - and, unfortunately, succeeding - in undoing much of what FDR accomplished.
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79 Percent of Camden Children Below Federal Poverty Line; NJ at Its Worst Since 1950s

79 Percent of Camden Children Below Federal Poverty Line; NJ at Its Worst Since 1950s
Legal Services of New Jersey issued its annual poverty report, which found that more people in the state had trouble making ends meet in 2011 than at any time since the late 1950s. Some scary stats included in the report: 2.7 million residents living in actual poverty, including 38.5 percent of all children (a number that skyrockets to 79 percent in Camden).
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Austerity Is Dead: It's Time to Revive America's Infrastructure

Austerity Is Dead: It's Time to Revive America's Infrastructure
The U.S. deficit is down more than 50 percent from what President Bush left behind, projections of the rise in medical costs that drove future deficits are way down, the “intellectual foundation” that justified the push for cutting government has collapsed, and the European experiment has shown that budget cuts really just make things worse. Meanwhile, we have two real problems to worry about: unemployment and crumbling infrastructure. Can we finally hire people to fix things?
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Richest 7% of Americans Grew Wealthier During Recession, New Study

Richest 7% of Americans Grew Wealthier During Recession, New Study
The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of U.S. households, says a report released Tuesday.
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